Sub Section Head

• 1. Product Costing & Cost Run

• Ensure accurate and timely product costing including material, labour, and overhead costs.

• Manage monthly and annual cost runs in SAP CO module.
• Analyse and validate cost estimates, BOMs, and routings for accuracy and efficiency.
• Maintain and update standard costing.

2. Budgeting and Forecasting

• Prepare and coordinate annual and monthly budgets in collaboration with all departments.
• Monitor actual performance vs budget and highlight significant deviations.
• Assist in rolling forecasts based on business inputs.

3. MIS Reporting

• Prepare and publish timely and accurate monthly MIS reports for management.
• Design and implement dashboards and KPIs for performance tracking.
• Provide cost and profitability reports by product, department, customer, or geography.

4. Reconciliation & Profit Analysis

• Reconcile accounting profit with costing profit, identifying reasons for differences.
• Support month-end closing activities related to cost accounting.

5. Variance Analysis

• Perform detailed variance analysis (Standard vs Actual costs) for material, labour, overheads, etc.
• Identify root causes for variances and coordinate with respective departments for explanations.

Ensure proper accounting/posting of variances in SAP after getting the approval from respective authority.

6. Cost Audit & Compliance

• Prepare cost records and documentation for cost audit.

Coordinate with cost auditors and provide required data and responses for timely completion of Cost Audit.

• Ensure compliance with statutory cost accounting standards.

7. SAP CO Module Management

Handle master data maintenance, BOM Maintenance, Standard Costing of routings and reporting within SAP CO module.

• Ensure seamless integration with FI, MM, and PP modules.Work with IT/SAP teams to drive automation and improvements in costing processes.