Executive Costing based at Pune

Job Description:

Assess and analyse multiple product wise costing parameters & validate them
 Product & state wise costing to be done every month
 Maintain SKU master database – state wise
 Costing for new products, recipe changes, schemes and trade promotions
 Responsible for timely price increase through competition benchmarking, pricing elasticity and
sales growth assessment
 Preparing long-term strategic financial plans.
 Providing insights through Latest Estimates (LE) and Best Estimates (BE) to drive
strategic decisions on cost lines and revenue.
 Ensuring the achievement of AOP targets and updating the AOP plan monthly or
quarterly based on the latest estimates.
 Analyzing actual costing and variance reporting, identifying unfavorable variance,
and collaborating with operations to mitigate them.
 Assessing 3rd party (3P) costing and ensuring timely cost reconciliations.
 Assessing capital expenditures and investment projects on ROI, payback, and IRR
parameters.
 Make vs. buy decisions analysis.
 Pricing of new products from a cost/margin standpoint, benchmarking with
competitors, and channel margins.
 Driving price revision activities considering price elasticity, gross margins, sales

volume, and customer price benchmarking. Facilitating internal and statutory audits
for costing, inventory valuation, and pricing matters.
 Ensuring controls are in place concerning Korean SOX compliance.
 Generate costing related MIS at a pre-agreed frequency
 Plan, organize and direct all the activities of the cost accounting function
 Manage day to day operations of the existing cost accounting function from management of current
rates to monthly close and analysis
 Support the Project Cost Team in the development of a standard costing system
 Manage the transition from the existing cost environment to a new standard cost system
 Identify, hire and develop in-plant cost accountants
 Development and maintenance of standard costs
 Perform the monthly closing activities including preparation of the cost to operate statement along with
supporting analysis
 Proactive analysis of variances and communication of issues and opportunities to operations
management
 Develop metrics and tracking system for major cost drivers
 Define policies and procedures for all cost accounting activities