Overview
8 years of experience in Plant Costing, Budgeting, Variance analysis, Inventory Consolidation Costing and MIS & Corporate Accounting and IND AS.
– Preparation of product cost statement for each product stage wise monthly.
– Valuation of inventory SFG, FG, WIP and provide provision for inventory to finance.
– Preparation of Annual budget for production and Opex, preparation of variance analysis and remarks.
– Plant wise Capacity planning / Product level Overhead upload workings / Absorption analysis.
– Consolidated budget and region wise profitability and throughput analysis and comparison with actuals.
– plant Overhead allocation – (Product/Region wise).
– Examine Standard Costs against actual to identify process inefficiencies, Improvements, Opportunities and low cost Profit Products.
– Monthly Solvent recovery savings report in comparison with standards.
– Preparation of reconciliation statements relating to financials Vs Costing Profit.
– coordination of Cost audit, Stock audits, Statutory & Internal audits.
– Preparation of Mis Reports relating to Product wise costing on ( Monthly, Quarterly & Annually) preparation of reconciliation statements relating to financials Vs Costing Profit
– Preparation of monthly MIS reports relating to Yield analysis, Capacity utilization, Product wise price
& usage variance, Production achievements against forecast, Product wise cycle time, Risk non- moving inventory action plan
– Responsible for the yearly materials budget for the plants
– Preparation of monthly Costing P&L.
– Inventory valuation & and explain to the auditors.
– Preparation of annual Budget each plant wise and consolidated.
– Preparation of Raw Material Consumption reconciliation statement ( All Materials)
– Preparation and Present Cost review meeting quarterly once to Management.
As per SAP Concerned:
– Cost Centre Wise & Activity wise price planning and bifurcating the fixed & variable costs on
– monthly basis
– Product wise & Plant Wise Standard Costing on month!v basis
– Drawing all materials consumption details
– Creation of Cost Centres & Creation of Cost Elements
– Settlement of Plant Maintenance Orders in on monthly basis
– Preparation and Maintenatice of Statical Key Figures
– Verification of Process Orders for quantities confirmed activity wise (Production & Power) and
– its completeness (TCCO)
Preparation of Monthly MIS Reports like: –
– Batch Yield & Batch Mix Analysis Statement
– Weights Analysis Report
– Power Consumption Analysis Report Melting Cost Analysis Report
– Fuels Consumption Analysis Report
– Contribution & Break Even Point analysis of the Company.
– Quarterly Standard Product Cost revision in SAP considering the changes in Overheads & Operational Parameters,
– Quarterly FG Valuation & Preparation of FG Ageing statement for Making provision for obsolete Stock.
– Quarterly preparation of data for Board Presentation & Audit Templates, SAP related activities like
– Standard Cost Release.
– Production Version Creation.
– Product Cost Collector Creation.
– Month End Cycle Distribution.
– Valuation of Finished goods, SFG quarterly and passing entries in books Increase/ decrease effect,
– Reconciliation of Stocks as per financials and Stores ledgers and Reconciliation of Monthly sales with Sales Sub ledger,
– Preparation of Quarterly P&L statement, EBIDTA analysis. Monitoring Month end costing system activities.
– Profitability Analysis – Product wise, Segment wise, Activity wise & Customer wise
– Quarterly Product Cost revision considering Cost reduction & Material cost increase Impact.
– Cost Center wise Cost Pooling and Expenses Analysis Budget Vs Actual