Cost Analyst

Date: 21 Nov 2025

Location: IN

Company: Coats

Position Title: Cost Analyst

Location: Remote,India

Job Purpose

• Transition of BU level costing activities to finance CoE
• Responsible for product costing activities performed with in the ERP system (SAP) for the markets that have costing activities centralised
• Establish process for analysis of variances (Price & Factory) and provide business insights including actionable items to reduce variances compared to established standards
• Provide support and guidance for inventory valuation. This covers activities including calculation of capitalized variances and stock provisions
• Liaise with technology teams to resolve issues in processes or reports
• Perform ad hoc analysis as may be required including deep dives to identify issues
• Validate dashboards and reports relating to inventory, procurement and factory performance
• Support any group project that may require centralised costing support

Principal Accountabilities and Key Activities

Single point contact for SAP product costing

• Independently handle entire product costing activities on SAP.
• Regular review of materials that are pending for cost release and liaise with markets for timely update of standard costs.
• End to end support for the release of standard costs following established group methodology for standard cost calculation
• Conduct reviews to ensure the accuracy of the standard costs
• Review and validate master data components that have impact on product costing such as Bill of Materials, Routings, Costing Lot Size and Procurement Keys

Operational Analysis

• Analyze procurement transactions and identify the cause for price variance
• Review exceptions and abnormal variances and liaise with markets to take corrective action
• Factory variance analysis and consolidation
• Develop reports that provide insights into price and factory variances

Month Close Activities

• Review of gross stocks and reports that provide value of gross stock based on group accounting policy
• Calculate variance to be calculated based on group policies
• Adherence to standard methodology for calculation of provisions and bring improvements in process as required

Ad hoc business support

• Deep dives into transactions and processes to identify issues that may be present and provide solutions for such issues
• Validation of dashboards and reports
• Provide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation.
• Liaise with technology teams in resolution of issues with reports and processes

Education, Qualifications and Experience

Essential

• Certified/Qualified Accountant: An accountant certified by a professional accounting body (Chartered accountant or Cost and Management Accountant)
• University Degree
• A minimum of eight years of post-qualification work experience with a manufacturing organisation
• Minimum of six years hands on experience with SAP product costing and end to end process knowledge
• Knowledge on SAP MM and PP modules. Must have experience on how the non-financial information impacts costing.
• Must have thorough understanding of SAP CO module and process flow for product costing and fixing errors in costing and transaction processing.
• Experience with analysis of variances
• Ability to communicate effectively with stakeholders (oral and written)
• Ability to work independently or within a team environment and with multiple priorities.
• Proficiency with spreadsheet applications (excel) and reporting and analysis tools (BW, BCS, Lumira etc.)

Desirable

• Self-motivated
• Collaboration in a remote work environment
• Analytical and logical thinking skills
• Focus on quality without sacrifice of time
• Self-learning ability
• Flexibility with time and scope of work
• Versatility – Ability to learn new areas

At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.