Duties & responsibilities

1. Product Costing & Cost Run

- Ensure accurate and timely product costing including material, labour, and overhead costs.
- Manage monthly and annual cost runs in SAP CO module.
- Analyse and validate cost estimates, BOMs, and routings for accuracy and efficiency.
- Maintain and update standard costing.

2. Budgeting and Forecasting

- Prepare and coordinate annual and monthly budgets in collaboration with all departments.
- Monitor actual performance vs budget and highlight significant deviations.
- Assist in rolling forecasts based on business inputs.

3. MIS Reporting

- Prepare and publish timely and accurate monthly MIS reports for management.
- Design and implement dashboards and KPIs for performance tracking.
- Provide cost and profitability reports by product, department, customer, or geography.

4. Reconciliation & Profit Analysis

- Reconcile accounting profit with costing profit, identifying reasons for differences.
- Support month-end closing activities related to cost accounting.

5. Variance Analysis





- Perform detailed variance analysis (Standard vs Actual costs) for material, labour, overheads, etc.
- Identify root causes for variances and coordinate with respective departments for explanations.
- Ensure proper accounting/posting of variances in SAP after getting the approval from respective authority.

6. Cost Audit & Compliance

- Prepare cost records and documentation for cost audit.
- Coordinate with cost auditors and provide required data and responses for timely completion of Cost Audit.
- Ensure compliance with statutory cost accounting standards.

7. SAP CO Module Management

- Handle master data maintenance, BOM Maintenance, Standard Costing of routings and reporting within SAP CO module.
- Ensure seamless integration with FI, MM, and PP modules.
- Work with IT/SAP teams to drive automation and improvements in costing processes

📌 Senior Manager - Costing & MIS (Jharsuguda)
🏢 Welspun World
📍 Jharsuguda