Manager - Costing & Budgeting (CFO-08)

Manager - Costing & Budgeting (CFO-08)

18 Mar

18 Mar



Job Description

This position will be responsible for leading the Costing in the preparation of robust financial plan, cost benefit analysis and costing estimate for CEAT by ensuring accurate estimation of costs and consolidation of the same for the various sites and plants. This position shall also provide estimation support to the BD and Marketing team from a pricing perspective.


Accurate estimation of costs for the products & Projects

Cost management of the products by monitoring them as per prescribed budgets

Accurate Export Benefit Analysis

Adherence to statutory and compliance norms

Accurate and Timely information provision for IT / ATMA /PRE Certification

Cost Audit Management and Compliance


Cost Management

Cost Structure and Design

Design cost structures that are comprehensive in capturing the total cost component of the product

Apply standard costing procedures to product / process cost derivations and identify products/processes to be discontinued

Review Cost structure from time to time and change where needed

Prepare Costing Manual and define SOP for Costing department

Costing Analysis and Processes

Oversee product/project costing, fixed assets costing, inventory costing, variance analysis, raw material costing, cost benefit analysis, transfer pricing & reconciliation of cost data for decision making purposes for the various businesses, in consultation with the CFO using various statistical tools and costing techniques

Develop the costing systems using unit costs activity based costing principles and ensuring that report extraction from the financial systems is seamless and effective

Undertake activity based costing evaluation of materials to identify areas for improvement, and utilize the same for making recommendations

Project the operating costs for production and the project execution by building various scenarios with variables like labour, material cost, time, etc.

Conduct Export Benefit Analysis by working out provisions, execute duty free input reconciliation with focus on product schemes

Conduct costing runs and identify costs for each SKU / Material FG and SFG and maintain master files for all materials / SKUs

Provide necessary information and reports for getting PRE Certifications

Tracking and Monitoring Track costs and material from Raw Material Inwarding, Conversion, to Finished Goods and Dispatch with inputs from Plant Finance

Conduct annual cost audits with established parameters and take efforts to correct deviations

Interact with internal and external auditors in completing audits

Monitor the variances of actual costs incurred against the budgeted costs, probable reasons, and highlight areas for improvements in operations, or inherent structural bottleneck

Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports

Provide Support to Sales and Marketing Team Provide costing support to the S&M; team to enable a robust price quoting process to maximize product margins

Support the Sales and Marketing teams in negotiation process by providing support on costing and estimation for the proposal

Reporting and Analysis

Perform ageing analysis of the stock levels at the Plants, and highlight the same to the SCM team for optimum inventory planning

Conduct Export benefit analysis and prepare reports for the management

Review cost sheets and cost audit reports

Establish cost sheets for each SKU and track opening and closing inventory and provide for all necessary information that is required for Cost Audits

Costing MIS and Documentation

Ensure cost accounting record rules are followed in the department

Reconcile the consumption data cost by calculating the variance through the reports from SAP and MIS

Managing costing data in SAP, valuation of Inventory, verification of bills and reconciliation of accounts

Prepare Costing MIS for Product costing, Breakeven & contribution analysis, rejection analysis, customer wise/ product wise profitability

Ensure accurate reporting in the areas of Manufacturing (yield, consumption norms. cost of poor quality, rejections, etc), Cost trends, price and usage variances over business plans etc.

Coordinate with plants, exports and departments to get SKU wise reports of finished goods and raw materials

Ensure the high level accuracy and timely submission of all MIS reports

People Management

Manage performance of the team and ensure that team is working in line with organizational value system

Ensure team is adequately trained and proactively work with HR at capability enhancement of team

Conduct effective performance appraisals and provide regular feedback

Education and Experience Required


CA :Only 1st Attempt or MBA Finance from Tier 1 institutes.


5 - 10 years, with relevant costing experience.

Working Knowledge of S4Hana, material ledger, standard costing etc.

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