Purpose of the Role:

1. To Manage the Cost management functions of MTD

2. To Facilitate for MTD Exports RFQ - Products & Monitor and managae the Product Cost & Other Master Data

3. To support the Business Unit of MTD with Analytics and facilitate for Business Growth

4. To implement current costing tools/techniques specific for the business

Responsibilities & Accountabilities:

- To operate, update and support organization business process aimed at maintenance of the organizations Cost System in line with the requirements of the Cost Accounting Standards.
- To support Quotation/Pricing Workflow process, including but not limited to monitor and maintained the RFQ Master details also to report the RFQ Vs Actual for MTD Exports related Quotes
- To analyse Capacity and Utilisattion of Man/Machine/materials and support for Strategic pricing/ business growth
- To Develop Reporting NPD Stage wise COP and Target Cost Achivement & Coordinate with IT and complete the developments.
- To Analyse Expenses into Fixed and Variable and Link to Capacity Utilisation and Provide analytical for Strategic pricing
- To analyze WIP value and coordinate with concerned to regularize the long pending WIP & Review of Manufacturing Process
- To Monitor and report the unit performance in line with cost parameters & report the Cost of Production Trend
- To understand , Manage and monitor the costing system MTD and coordinate for preparing Cost audit Report & Other Statutory Compliances
- To Implement Department profit Centre Concept for MTD ( Reporting of Net Value addition of both production and service Departments)




- To Coordinate for NPD Target costing approach and analyse and report the NPD COP from Project Conceptualization to final end of the product periodically
- To 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
- To Visit Factory regularly, understand the business process, mfg process make necessary changes in system to provide accurate cost roll up of product
- To Understand NPD Process of MTD Products and periodical reporting for NPD profitability, Cost Vs Target Cost, from product inception to final life cycle end of the product
- To implement New costing Tools like ABC/ Bill of Toolings ( Wherever applicable) , Capacity Planning or Other Tools to improve the Data analytical and support for development of Decision support System
- Able 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
- "To 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"
- Assist in preparation of Cost Audit Report including automation of Reports
- "Implementation of Activity Based Costing System in the respective unit, create model for each function
- Report product wise cost roll up" .

Qualification: CMA Intermediate is preferred.

📌 Finance - Cost Management (Tamil Nadu)
🏢 Lakshmi Machine Works (LMW)
📍 Tamil Nadu