Date Jan 27 2026 Location Pune IN Company AkzoNobel About AkzoNobel Since 1792 we ve been supplying the innovative paints and coatings that help to color people s lives and protect what matters most Our world class portfolio of brands - including Dulux International Sikkens and Interpon - is trusted by customers around the globe We re active in more than 150 countries and use our expertise to sustain and enhance the fabric of everyday life Because we believe every surface is an opportunity It s what you d expect from a pioneering and long-established paints company that s dedicated to providing sustainable solutions and preserving the best of what we have today - while creating an even better tomorrow Let s paint the future together For more information please visit www akzonobel com 2024 Akzo Nobel N V All rights reserved Job Purpose The Costing Analyst in VMC COE is responsible for Analyze costing result trend analysis Material ledger and RM price analysis manages price variations and corrections performs high-level financial reviews ensures accurate inventory revaluation and analyses ICD Price Difference Publish cost split reports prepare MIS reports update tariff rates and maintain markups to maintain financial accuracy and optimize cost management etc Use advanced data platforms like CFIN PowerBI and SAP BI and leverage to its full advantage Active interaction with ISC and Commercial functions R2R experts Accounting Controllers and FP A about product costing related subjects support ad-hoc activities ensure compliance of various policies related to product costing adherence to company s accounting policies treatments As a reliable business partner the analyst identifies and flags process and system issues related to costing ensuring adherence to AkzoNobel s accounting standards They contribute to key projects and continuously improve processes through CI initiatives Candidates should be open to learning new skills and versatile in exploring new ways of working Analysts are expected to prioritize skill development to keep pace with market and competitor advancements such as AI and automation Key Accountabilities 1 Costing Run Analysis and Release Analysis Critically analyze results of different costing runs for RMP SEFI FINI ICD SET and Config materials Error resolution Guide costing officer in quickly resolving the costing errors so as to ease the subsequent steps in the process Anticipation Anticipate the end-to-end impact of each costing run to P L e g impact of RMP changes into SEFI FINI etc Concurrence of ISC Nav s Replying ISC Nav s queries and obtain their concurrence for cost release 2 Material Ledger Run MAP Analysis ML run analysis Conduct thorough analysis of material ledger run results MAP analysis For ML active plants MAP analysis to be emphasized to ensure accurate valuation 3 Ensure accurate RMP Cost Analysis Initiate and conduct Raw Material Price RMP analysis identify the abnormalities and highlight the impact on SEFI FINI products Price variation resolution Contact P2I I2P for RMP price variations and provide feedback for quick corrections Price correction Implement price corrections and update Moving Average Price MAP if system correction is not possible 4 Inventory Reval Analysis Sync with RMP movements Review SEFI FINI SET impacts in line with R P price movements Impact of tariff changes To validate the impact of tariff changes are accurately reflecting in the end products Review of other changes To review and understand the reason for any other deviation in cost except for RMP or tariff e g BOM change costing lot size change etc Decision making For any abnormal items in case of no satisfactory response action by other team P2I I2P MM etc analyst will decide to hold the cost release of those SKUs and keep the previous period cost as is Review of Inv Reval G L Reclass month end Inv Reval automated entries Review analyze and share any other Inv Reval entries posted during the month Experience o Proven work experience of 5 to 7 years in costing and FP A role o Having worked in a large-scale manufacturing organization having industry knowledge to improve financial analysis and cost management o Professional Degree in Accounting or Costing ACA ICWA CMA o Costing team is collectively handling product costing activities pertaining to 152 Production Sites BU wise ranging from 15 to 30 sites o Strong stakeholder management skill able to prioritize and work with multiple supervisors stakeholders such as ISC Nav s Commercial Controllers Accounting Controllers FP A other finance towers like R2R I2P P2I MDM etc o Hands on to prepare present dashboard report with different dimension incl consolidation for management reviews o Strong knowledge of Financial Cost accounting Product costing Transfer pricing IFRS Financial Statements and process as well as system end to end flow of manufacturing with an innovative problem-solving approach o Practical experience of advanced accounting concepts such as treatment of different Price differences Inventory revaluations transfer pricing inter company mark-ups profit eliminations etc o Strong analytical skills to quickly analyze complex costing processes such as costing runs material ledger run raw material price analysis process order settlement etc and assess the end-to-end impact of each costing run on the Profit Loss statement o In-depth knowledge of process order settlement and material ledger runs familiarity with ICD transactions proficiency in managing material master attributes strong analytical skills for financial reviews and effective communication skills for managing price variations and collaborating with cross-functional teams o Ability to gauge impact of critical components on the product costing such as tariff rates recovery workings etc o In depth understanding of crucial factors of the product cost such as movements in MAP resultant changes in cost of dependent outputs SEFI FINI ICD etc o Hands on experience of handling internal audits related to process as well as finance o Ability to conduct high-level financial reviews and provide insights on intercompany price differences o Excellent verbal and written communication skills are crucial the ability to understand and manage your own emotions as well as those of others At AkzoNobel we are highly committed to ensuring an inclusive and respectful workplace where all employees can be their best self We strive to embrace diversity in a context of tolerance Our talent acquisition process plays an integral part in this journey as setting the foundations for a diverse environment For this reason we train and educate on the implications of our Unconscious Bias in order for our TA and hiring managers to be mindful of them and take corrective actions when applicable In our organization all qualified applicants receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age or disability Requisition ID 51231