Team Member - Cost Management

Responsibilities & Accountabilities:

lTo operate, update and support organisation business process aimed at maintenance of the organisation’s Cost System in line with the requirements of the Cost Accounting Standards.

lTo support Quotation/Pricing Workflow process, including but not limited to monitor and maintaind the RFQ Master details also to report the RFQ Vs Actual for TMD Exports related Quotes

lTo Analyse Capacity  and Utilisattion of Man/Machine/materials  and support for Strategic pricing/ business growth

lTo Develop Reporting NPD Stage wise COP and Target Cost Achivement &  Coordinate with IT and complete the developments.

lTo Analyse Expenses into Fixed and Variable and  Link to Capacity Utilisation and Provide analytical for Strategic pricing

lTo analyze WIP value and coordinate with concerned to regularize the long pending WIP & Review of Manufacturing Process

lTo Monitor and report the unit performance in line with  cost parameters & report the Cost of Production Trend

lTo understand ,  Manage and monitor the costing system TMD and coordinate for preparing Cost audit Report  & Other Statutory Compliances

lTo Implement Departement  profit Centre Concept for TMD ( Reporting of Net Value addition of both production and service Departments)

lTo Coordinate for NPD Target costing approach and  analyse and reprot ther NPD COP from Project conceptulsiation to final end  of the product periodically

lTo do a Cost Roll Up for assigned components and raw material and report the actual landed cost,Work Order Variance & Item Cost Variance Analysis to ensure reporting of Accurate Cost by the user departments

lTo Visit  Factoroy regulary, understand the business process, mfg process make necessary changes in system to provide accurate cost roll up of product

lTo Understand NPD Process of TMD Products and periodical reporting for NPD profitabiltiy, Cost Vs Target Cost, from product inception to final life cycle end of the product

lTo implement New costing Tools  like ABC/ Bill of Toolings ( Wherever applicable) , Capacity Planning or Other Tools to improve the Data analytical and support for developmemnt  of Decision support System

lAble to read Financial Statement analysis and do  reconciliation of Costing and Financial Profit statement on periodical basis. Preparation of MIS on Cost/Profitability of Products and Services/process value addition

lTo Develop Decision support system relating to  Cost Management  functions at the unit Level/ Corporate Level and  To Implement new Costing Tools relevant to Unit Level Costing

lAssist in preparation of Cost Audit Report including automation of Reports

lImplementation of Activity Based Costing System in the respective unit, create model for each function and report

lReport productwise cost roll up