Executive / Senior Executive - Costings

Job description

**1. Role & responsibilities** 1 Inventory valuation & consumption accounting - Ensure that various master parameters & various cost rates are maintained in IT system to facilitate inventory valuation, consumption accounting as well as for any other use; and carry out Monthly inventory valuation & consumption accounting in compliance with a. Relevant accounting & reporting standards b. Group as well as Internal guidelines. 2 Performance management Support Plant Controller to manage the performance of the organizational unit on MBO (management by objective) principle regarding product/project margins, failure cost, inventory etc. by providing accurate & appropriate calculations a. Plan the relevant KPI (key performance indicators) for the forthcoming year / quarter and set the targets b. Track the actual performance on these KPI on comparable basis c. Identify the performance gap along with cause-effect relationship d. Discuss with the stakeholders responsible for the corrective actions e. Track the implementation of the actions & its intended vs. actual effects on the KPI. 3 Decision support - Support the decision-making process by providing analytical information as per desired accuracy level & timeliness accompanied by own conclusion / recommendation backed by robust justification. 4 Compliance - ensure audit (statutory audit, cost audit, internal audit, NSS audit etc.) of all the relevant figures with sufficient explanations & justification regarding fairness of the transactions (qualitative & quantitative); support plant controller in ensuring overall statutory compliances in the plant. 5 Process improvement - identify & implement ideas of cost reduction, automations in routine activities, introduction of system-based controls in place of manual controls etc. **Preferred candidate profile** 2- 4 Years Experience in Relevant Filed