Assistant Manager, Costing

About CompanyENNOVI, a Mobility Electrification Solutions Partner, is a world leader in designing and manufacturing customized interconnect and high-precision system solutions for electric vehicles. The company is fully dedicated to the mobility market with the agility to act at speed in realizing EV OEMs' needs, from product, process, and manufacturing, on a global level. ENNOVI is accelerating EV market customers' ideas and requirements through end-to-end competencies in battery systems, power, and signal interconnect needs.

Headquartered in Singapore, ENNOVI has more than 8,000 employees across 15 locations globally, where all its activities are socially responsible, with minimal environmental impact. ENNOVI. Electrify faster.

Learn more at Ennovi is an equal opportunity employer in conformance with all applicable laws and regulations to individuals who are qualified to perform job requirements. The Company administers its personnel policies, programs, and practices in a non-discriminatory manner in all aspects of the employment relationship, including recruitment, hiring, work assignment, promotion, transfer, termination, wage and salary administration, and selection for training.

Why Join UsAt Ennovi, we envision a future of electrification and innovation and strive to create an inspiring workplace where our employees are integral to shaping that future. We offer a dynamic, collaborative and inclusive culture that encourages continuous learning, professional growth, and a sense of purpose. As a part of the Ennovi family, employees experience the excitement of being at the forefront of cutting-edge technologies and contributing to a sustainable future.

Our commitment to the transformation is epitomized by our five pillars: Speed, Innovation, Best Talent, Global Reach, and Sustainability. This entails navigating exponential market changes through agile structures, fostering innovation across all aspects of our business, strategically expanding our global footprint, championing sustainability initiatives, and nurturing a winning team. Privacy PolicyBy applying to this job posting, you agree with and acknowledge our privacy policy.

Job SummaryCosting Team ensures accuracy of product/part costing and reliability of financial reporting in respect of Production cost accounts. A successful costing team maintains and enforces key controls over the costing process to ensure Part Costing is accurate and to provide management with good understanding of Production performance and production and price variances.

Program Controlling leverage financial and operational data to perform analysis Parts profitability (COPA, Standard GP) and collaborate closely with other departments to control production cost and improve profitability throughout the lifecycle of a program. This may include RFQ costing validation, accurate recording of shopfloor data, review of cost savings projects and mitigation of unfavorable Production variances.

MAIN RESPONSIBILITIESStandard Costing Maintenance in SAP – Monthly ActivitiesStandard Costing Maintenance, including Standard Cost run, Production Order settlement, Material Master periodical verification, Parts BOM & Routing updates validation, Material Cost movement validation, etc. (Refer Work Instructions)Monthly Accounting Close and ReportingInventory accounting for absorption and provisions.

Absorption computation and analysis. Aged inventory provision computation and analysis . Review and analysis of Factory Cost centre expenses.

Prepare COPA Analysis. Explain variation in COPA margins. Quantify impact of variation in Selling Price vs Unit Cost vs Mix .

Prepare MRP relating to Production accounts (if any). Review and verification of PNL production accounts to ensure policy compliance . Ensure Production and Price variances are valid and not erroneous.

Ensure COS for sales accruals are accounted for. Prepare journals to correct errors. Review cycle count results and reconciliation.

Ensure remedial actions taken to address master data errors (e.g. BOM) or process issues. Perform controls as listed in Site KCFRs for Production Cost. Semi-Annual/AnnualMachine and Direct labour- Hourly Rate computations.

Activity type creation / activity Price maintains in SAP.Preparation of annual budget for Production cost centres

Record stock count adjustments in the system after reconciliation and approvals completed.Prepare analysis of manufacturing variances including Production variances, PPV, Labour usage, Price/rate and Spend variances.Facilitate management understanding of production variances

Work with operation department to identify root causes and mitigation

New Product Introduction (NPIs): Tracking of cost incurred prior to mass production

Prepare financial outlook/forecast for COPA and production related accounts. Work with relevant functions such as production planning/ operations, sales, supply chain and HR for input assumptions for Outlook.Monthly Parts COPAMonitor and drive recovery of material cost inflation (NUC/NAR)Monitor price changes to ensure customer price reductions ("cost-downs") are supported by productivity improvements

Monthly Parts Standard GP AnalysisFor Top 80%, validate quality of data used in calculation of Parts GPEnsure appropriateness of MSU cost allocation

Analysis of GP versus standard/plan

Monitor status and jointly drive remediation of Top80% under-performing PartsWorking closely with other functions in profitability improvement initiatives Monthly Production Variances. Lead the deep dive of manufacturing variances and remediation actions with other departments:Actionable selling price variance analysis for SalesActionable purchase price variance analysis for ProcurementActionable materials and labour usage variance analysis for ProductionNPI. New Product Introduction (NPIs), ensure Maintain program cost database.

Cost incurred prior to mass production are properly analysed and under-control. Parts standard GPs are in line with RFQ CBD margins. Major deviations are investigated for root causes and mitigation action

Program Cost Controlling to achieve profitability improvement during execution phase, including BOM changes tracker / metric

New Project Development cost (if applicable) – Tracking of NPD budget vs Actual CostRFQ Business Case. Perform validation of RFQ cost estimates prepared by BD team

For Level 3 RFQs, review business case for capex investments. Stress test assumptions and identify key risks. Prepare pre-CER financial modelling in accordance with SFP250 Inventory E&O – Collaborate with technical and operations departments to perform periodic (half-yearly / annual) assessment of inventory E&O specific risks.

Specific risk includes technical obsolescence, damaged or defective inventory and materials related to EOL Parts. Other Operation / Production related analysis and Audit SupportJOB QUALIFICATIONSICWA / CA degree in business, finance/accounting.

Advanced skills in Excel, and other MS Office products. EDUCATION & EXPERIENCE REQUIREMENTSMinimum 15 years hands on Program controlling or Costing engineering experience in automotive manufacturing industry, cross-function/cross-discipline working experience is preferred. Strong business acumen and product cost understanding.

Plant experience in manufacturing industry in preferred but not must. Familiar with multiples BU/Segment report in one legal entity model. Strong communication/coordinating/presentation skill and comfortable working with all levels of the management.

Open-minded, enthusiastic, and flexible.