Overview
About Company
The company designs advanced material layers used in everything from vehicles to modern architecture, offering protection, comfort, and energy efficiency.
Key Responsibilities:
1. Costing and Cost Analysis
– Maintain and update costs in SAP systems.
– Analyze and document costs related to materials, labor, and overhead expenses.
– Develop and maintain accurate cost databases. – Identify cost-saving opportunities and recommend process improvements.
– Monitor cost variances and collaborate with business units to mitigate discrepancies. – Prepare and support cost audits.
2. Pricing Strategy
– Perform pricing simulations to forecast revenue and margin impacts.
– Monitor market trends, competitor pricing, and customer demands.
3. Data Management & Reporting
– Generate detailed cost and pricing reports for internal stakeholders.
– Provide updates on cost structures, pricing adjustments, and their financial implications.
– Ensure compliance with company policies and regulatory standards in cost and pricing decisions.
4. Collaboration
– Work closely with finance, sales, procurement, and production teams to align pricing strategies with business objectives.
– Support sales teams in customer negotiations by providing cost and pricing insights.
– Participate in weekly performance meetings and quarterly reviews with the sales team.
5. Process Optimization
– Develop and maintain pricing tools, models, and systems to enhance workflows.
– Establish and promote best practices in cost and pricing management.
– Prepare and present monthly management reports to communicate division, plant, sales, and product performance effectively.
6. Financial Reporting & Compliance
– Calculate and analyze product costs, including direct materials, labor, and overheads.
– Prepare financial reports such as COGS (Cost of Goods Sold) statements.
– Ensure timely completion of cost audit reports and statutory and tax audits.
7. Inventory Management
– Monitor inventory levels and ensure accurate valuations through regular cycle counts.
– Address potential inventory discrepancies proactively.
8. Budgeting and Forecasting
– Support the annual budgeting process by providing accurate cost data and forecasts.
– Update budget projections based on production volumes and market dynamics.
Education: CMA/CWA or CA is mandatory.
Experience: 15 years of experience in costing roles within industries like automotive, pharmaceuticals, or other high-volume manufacturing environments.