Job Description

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Preferred Candidates : Qualified CMA

1. Costing Framework & Process Standardization

Develop, implement, and continuously refine standard costing systems across all manufacturing units and product categories. Define and monitor raw material consumption standards, machine-hour and labour-hour norms in coordination with production teams. Review and update Bill of Materials (BOMs), process routing, and cost master data to ensure consistency and accuracy. Ensure timely cost roll-ups in ERP and establish clear linkages between standard, actual, and budgeted costs.
2. Budgeting, Monitoring & Variance Analysis

Assist the CFO in preparing annual budgets, quarterly forecasts, and rolling projections for both PWDS and Stylcove. Conduct detailed budget vs actual and standard vs actual variance analyses, identifying key deviations and their root causes. Present variance dashboards and management review reports with actionable insights to improve efficiency and profitability. Drive monthly plant cost reviews, ensuring corrective measures are implemented promptly.
3. Cost Optimization & Savings Initiatives

Lead cost-saving programs by identifying opportunities in material yield improvement, scrap reduction, energy utilization, and process automation. Collaborate with production, procurement, and engineering teams to implement continuous improvement and lean initiatives. Track the financial impact of cost reduction measures and report realized savings to the CFO. Introduce benchmarking mechanisms against industry peers to measure competitiveness and efficiency.
4. Control & Compliance

Ensure adherence to Cost Accounting Standards (CAS) and statutory cost audit requirements. Strengthen internal controls for inventory valuation, WIP management, and cost data accuracy. Coordinate with internal and external auditors to support cost audit documentation and reconciliation processes. Maintain cost records in compliance with the Companies Act and CMA reporting standards.
5. Data Analytics & Reporting

Build and automate cost performance dashboards (Budget vs Actual, Standard vs Actual, Benchmark vs Actual) using Excel or Power BI. Deliver monthly cost performance presentations to the CFO and management. Support feasibility analysis for CAPEX, new products, and pricing decisions through cost modelling and sensitivity analysis.
Sandhya Nair

Recruitment Manager

Phone Number: 7530086292

Job Types: Full-time, Permanent

Pay: ₹90,000.00 - ₹120,000.00 per month

Benefits:

Food provided Health insurance Provident Fund
Work Location: In person