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Role Description
Responsibilities:
Prepares inputs for Budget (AOP) and Forecast:
• Prepares functional AOP considering internal and external factors impacting the next year.
• Presents the functional AOP to the Board and revise it, if required post inputs of the Board.
• Reviews cost centers, cost structures and other standard documents of the department.
Perform Budgetary Control:
• Monitors and reviews the functional AOP.
• Prepares exceptional report required to monitor the actual performance.
• Presents the actual v/s AOP in the Internal Board Meeting (IBM) and provides supporting and exceptional report.
• Documents the inputs provided in the IBM for further actions.
Costing:
• Sets up the Standard cost for each SKU Item, and in house produced material.
• Creates master data for new SKU based on procurement or job work data available.
• Plans activity to arrive standard cost : cycle time hours, labour hours, power and fuel consumed, etc.
• Reviews the standard cost and release the standard cost for all finished goods.
• Generates cost centre wise expense report, sales variance analysis comparing with budget and price volume, report on efficiency and rate variance for major raw materials etc.
• Checks norms for product produced by job work agreed norms v/s actual.
• Processes order settlement and analysis for delivered orders process production variance for all sites.
• Ensure that costs are captured under proper cost centre as and when actual expenses are incurred.
• Analysis of process order and reasoning production for deviation in efficiency.
• Analyzes the costing report and come up with independent summary report for identifying areas where immediate corrective actions are required.
• Responsible for cost Estimation & cost control and achieve targets on Cost Reduction.
• Conducts stock valuation incorporating excise and freight.
• Provides reconciliation of excise and production.
• Provides documentation and reports required for cost audit (NRV, commission, discount).
CAPEX :
• Ensures CAPEX project settlement : all the pending CWIP to AUC.
• Maintains and updates fixed asset register as per Schedule VI.
• Ensures physical verification and tagging of fixed assets.
Perform Closing:
• Prepares contribution statement on system generated (sku wise).
• Perform Overhead Accounting & Allocation.
• Ensures that overhead costs like electricity, travel are scrutinized.
• Prepares MIS cost center wise expenses.
• Prepares relevant reports required for IBM. Competencies
Functional Competencies
Specialist Functional Knowledge
Problem Solving & Analysis
Quality & Process Orientation Behavioral Competencies
Achievement Orientation
Service Orientation
Focus on Delivery
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