Cost Analyst

2 days ago

RemoteIndia, India Coats Group Full time

Position Title: Cost Analyst

Location: Remote,India

Job Purpose

Transition of BU level costing activities to finance CoEResponsible for product costing activities performed with in the ERP system (SAP) for the markets that have costing activities centralisedEstablish process for analysis of variances (Price & Factory) and provide business insights including actionable items to reduce variances compared to established standardsProvide support and guidance for inventory valuation. This covers activities including calculation of capitalized variances and stock provisionsLiaise with technology teams to resolve issues in processes or reportsPerform ad hoc analysis as may be required including deep dives to identify issuesValidate dashboards and reports relating to inventory, procurement and factory performanceSupport 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 calculationConduct reviews to ensure the accuracy of the standard costsReview 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 varianceReview exceptions and abnormal variances and liaise with markets to take corrective actionFactory variance analysis and consolidationDevelop 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 policyCalculate variance to be calculated based on group policiesAdherence 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 issuesValidation of dashboards and reportsProvide 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 DegreeA minimum of eight years of post-qualification work experience with a manufacturing organisationMinimum of six years hands on experience with SAP product costing and end to end process knowledgeKnowledge 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 variancesAbility 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-motivatedCollaboration in a remote work environmentAnalytical and logical thinking skillsFocus on quality without sacrifice of timeSelf-learning abilityFlexibility with time and scope of workVersatility – 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.

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