Key Responsibilities:
Cost Management:
- Factory cost analyses.
- Calculate and analyse Standard Cost Estimates for products during Budget and Forecast periods. Maintain quarterly, actual and the 12-month rolling forecast cost sets on SAP.
- Analyse Labour; Overheads costs (Incl. analysis of manning levels, manpower and throughputs on the lines) and explain variances.
- Analyse Fixed Costs (e.g. Support Services costs) and variances associated with Fixed costs.
- Weekly and monthly analyses of process orders and closing of process orders
- Analysis and reconciliation of the various variance categories with relevant corrective action. Prepare feasibility costing exercises.
- Ensure that all PD inputs are accurate and relevant with actual.
- Provide necessary support to management to Calculate the organisational performance in relation to the costs incurred and establish different methodologies to control costs.
- Management of material master data.
Budget Management:
- Preparation of Fixed Costs Budgets (Incl. depreciation) by Cost Centre and by Work Centre.
- Preparation of Indirect Labour Budget cost by Cost Centre.
- Preparation of Direct Labour Budget cost by work centre based on applicable shift systems.
- Budget analyses and review against the business strategy.
Activity Based Costing:
- SAP. Calculate work centre activities based on factory standards.
- Evaluate the impact of cost drivers on the products and cost base of the product.
- Maintain Statistical Key Figures in SAP and review and adjust annually.
- Create and Execute assessment cycles (allocate overheads to work centres).
- Analyse and explain over and Under absorption of overheads costs.
Assets:
- Safeguarding of assets, internal controls & processes.
- Depreciation and reporting.
- AFCE- Calculations, reports and project management.
Bill Of Material (BOM) Management:
- Conduct BOM Audits and analyse it against factory yields and throughputs ensuring that floor practice matches BOM.
Governance, Risk and Compliance Management:
- Participate in Continuous Improvement programs in the factory.
- Ensure site effective internal controls and assist Finance Manager with closing out audit findings.
General Management:
- Monthly explanation of movement in fixed expenses vs. budget and latest estimates. Prepare monthly, quarterly, and annual factory commentary (management reports).
- Submit manufacturing statistics. System integrity.
- Management of month end close and preparation of applicable journals. Perform various ad-hoc tasks.
Experience / Qualifications:
- 4 to 7 years of experience in the finance industry
- Extensive knowledge in SAP for costing / production / inventory
- CA / CPA
- MNC Experience
