Job Description

Role Purpose: Product Cost and Capex Control - Noida/PuneResponsible for Product costing, Standard Cost Management, Inventory Valuation, Costing for budget/forecasting/quotation/price fixation, variance and efficiency analysis along with all core activities of costing.Evaluate the monthly impacts and forecasting along with PD/ PD control for tracking price changes. Timely provides information to various functions like Business Managers, Taxation, Marketing/ Commercial Controller and other Corporate Functions etcTrack and Manage Capex spending, highlighting delays and corrective actions. Ensure no overspending. Post Investment AuditsMajor Accountabilities:Primary and Secondary duties:\xc2\xb7 Product Costing: Annual product costing calculation, analysis and Implementation in ERP with ensuring global guideline is followed. Timely Routine standard costing for raw materials and finished goods calculation, analysis and implementation to ensure smooth functioning of product costing model, pricing, production and sale.\xc2\xb7 Pricing: Calculation, analysis and sharing annual and routine standard cost for export market, domestic market and spare part department for business support and functioning.\xc2\xb7 Budgeting and Forecasting: Budgeted Cost calculation, analysis and usage for all tractor and component variants and usage of same for production cost calculation and management decision making\xc2\xb7 Analysis followed by proactive/corrective action: Analysis of production order efficiency, general ledgers, product costings for tractors and components, FIFO valuation for inventory, actual costing for products for proactive/corrective action and decision making\xc2\xb7 Customer support: Analysis of costing for quotation/price fixation with ensuring satisfaction of sale department, Operation with timely costing in ERP for timely material in-warding, finish goods production and sale, Corporate office for Statutory audit, Sox audit, Transfer price audit, cost audit with data calculation, sharing and validating with auditors. Sharing costing details with government bodies for compliance check, and best practice\xc2\xb7 MBC change impact: Calculation and Analysis of Impact of MBC (Manufacturing Implementation of Engineering Changes) for monitoring and decision making\xc2\xb7 Monthly/Annual Closing and Reporting: Supporting with data, analysis and report for monthly/annual closing and reporting\xc2\xb7 Cost Saving Project: Calculating and monitoring cost saving for project being implemented by different agency on management direction\xc2\xb7 Capex Controlling: Effective control and tracking of Capital Spending and Commitments through usage of system. Analyzing plant capital spending throughout the life cycle of each project to determine errors in coding or classification. Contacting project managers to clarify expenditures, asset groupings, and request updates on the status of capital jobs. Timely capitalization of projectsCommunicating with various manufacturing operations areas to understand capital jobs, any issues/delays, and the related assets that will be set-up.\xc2\xb7 Capex Process: Applying the Company's capital policy and providing timely guidance to Company personnel when necessary. Coordinate closely with accounting for depreciation and eliminate gaps if any.\xc2\xb7 Post Investment Audits: Develop mechanism for Auditing required deliverables post implementation and discuss with respective owners & suggest corrective actionsLeadership/Team Management Responsibility:\xc2\xb7 Work closing with Business and commercial team for updation of change in prices for corrective actionsMinimum Qualifications, Skills, Experience and Language(s):Education/Qualifications:CA/ ICWA/ MBA Finance (from reputed college)Essential experience and skills:\xc2\xb7 Female candidate preferred\xc2\xb7 Should have 5 to 10 years of experience in finance controlling preferably in Manufacturing domain\xc2\xb7 Should be able to demonstrate good teamwork with exposure to various operating functions\xc2\xb7 Should be able to perform project/ investment evaluation\xc2\xb7 Proficient in Microsoft Office, especially Excel and PowerPoint\xc2\xb7 Demonstrate ability to analyze, consolidate & interpret financial dataKey Internal and External Relationships:Internal:\xc2\xb7 Coordination with Business for tracking material level changes like Make-buy, Engineering Changes and Efficiency Improvements etc.\xc2\xb7 Commercial team for regular flow of information on various elements of price increases\xc2\xb7 Purchase/ Purchase Controller for reconciliation of material price movement and standard setting\xc2\xb7 SG&A to COGS and functional cost analysisExternal:\xc2\xb7 Participate in External Audit discussion with the AuditorsMajor Challenges:\xc2\xb7 The assessment of cost changes and coorelation to overall financial impact is tedious and requires good financial acumen\xc2\xb7 The scenario of machine utilisation and Make-Buy is dynamic and great deal of agility required\xc2\xb7 Various stake-holder require information to support strategic decisions\xc2\xb7 Managing CWIP and Capitalisation requires dealing with multiple stakeholders

CNH Industrial