Role Summary:
A Costing Controller plays a crucial role in managing and controlling product costs within a manufacturing organization. You will be responsible for Product costing activities including variance analysis and MIS reporting. Additionally, the Costing Controller will collaborate with relevant stakeholders to ensuring correct product routing and facilitate cost audit.
Roles and Responsibility:
Standard Costing:
- Ensure correct standard cost calculations for products.
- Conduct cost variance analysis to identify discrepancies and recommend corrective actions.
- Review Product cost Routing with Plant Managers
Product Cost Benchmarking:
- Compare product costs across different manufacturing plants and sub-contracting locations.
- Identify opportunities for cost optimization and process improvements.
- Review negative margin SKUs (Stock Keeping Units) and collaborate with plant managers to address cost-related issues.
Annual Overhead Cost Recovery Rate:
- Set up and maintain the annual overhead cost recovery rate.
- Collaborate with relevant departments to allocate overhead costs accurately.
Monthly Costing Run:
- Oversee the monthly costing process performed by the costing team.
- Ensure accuracy and address any errors promptly.
Audits:
- Support Statutory and other audits.
MIS Reporting:
- Inventory Provision working and Inventory Reporting
- Cost centre reporting.
- Production Reporting
- Capacity and utilization Reporting.
- Support Annual Budgeting activities.
- Internal Cost benchmarking
Role Specific Competencies:
- Product costing, costing release, variance analysis
- Strong analytical skills and attention to detail.
- Ability to manage deadlines.
- Software Proficiency: SAP
General Competencies:
- Customer Centricity
- Effective Communication and Teamwork
- Accountability and Ownership
- Driving Results and Continuous Improvement
- Critical Thinking and Problem Solving
- Self-starter