Responsibility: Prepare and maintain standard costing for all products.
Perform
Bill of Materials (BOM) validation. Review inventory valuation and costing. Prepare annual operating budgets. Monitor budget utilization and provide variance analysis.
Analyze Material Price
Variance (MPV).
Review Overhead Absorption
Variance and recommend corrective actions. Review slow-moving and obsolete inventory. Participate in physical stock verification. Ensure accurate inventory reconciliation. Monitor production cost per unit.
Review scrap and wastage. Drive cost reduction initiatives to improve manufacturing efficiency. Prepare daily, weekly, and monthly MIS reports. Direct & Indirect taxation experience Evaluate ROI (Return on Investment) and payback period for CAPEX investments.
Ensure compliance with internal control policies and procedures. Support internal and external audits. Ensure adherence to company policies and statutory requirements.