Executive Costing based at Talegaon, Pune

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