Assistant General Manager-Costing & Budgeting(Jewellery Industry)

Assistant General Manager-Costing Budgeting(Jewellery Industry) V Support Solutions Assistant General Manager-Costing Budgeting(Jewellery Industry)

Job Summary

Job Details

• Posting Location: Coimbatore (Tamil Nadu)
• Reports To: GM Costing Budgeting
• Experience: 10 to 15 years post-qualification experience exclusively in costing and budgeting functions
• Qualification: CMA Qualified
• Communication Level: Tamil / English / Hindi (Preferred)
• Job Category: Costing Budgeting
• Job Type: Full Time
• Job Location: Coimbatore
• Industry: Jewellery Industry

Responsibilities

Functional Responsibilities

• Accurately determine the manufacturing cost of products and ensure timely cost updates
• Analyze and prepare Costing Profit Loss accounts to support internal decision-making
• Validate strategic investments including ROI, CAPEX, KAIZEN projects
• Monitor, review, and optimize pricing for existing and new products
• Track, analyze, and control costs department-wise,including consumables, manpower, and overhead expenses
• Perform variance and trend analysis comparing actual costs vs budgets
• Ensure costing PL reconciles correctly with finance records
• Update and revise key costing factors regularly and reflect changes in the ERP system
• Prepare monthly MIS reports, balanced scorecards, and support activity-based costing (ABC) initiatives
• Evaluate capacity utilization and efficiency of high-value machinery

Managerial Responsibilities

• Review cost elements for prototype samples, new product models, and operational development (OPD) requests
• Prepare and present cost sheets for price revision discussions with management
• Update and maintain ERP rate charts for store/non-gold prices

Problem Solving Process Improvement

• Identify revenue leakages and establish continuous cost monitoring systems
• Conduct competitor cost analysis and implement internal cost reduction measures
• Request necessary computer hardware or peripherals to support costing functions

Decision Making

• Finalize manufacturing costs for samples and new or modified products
• Evaluate and decide cost parameters for new projects and proposals

Documentation Compliance

• Maintain detailed monthly records of costing PL accounts
• Update and manage the Costing Manual as part of the Integrated Quality Management System (IQMS)
• Keep accurate ERP records for rate charts, stone master data, and agreement master files

Communication Coordination

• Participate actively in HOD meetings, core committees, innovation councils, and pricing review sessions
• Coordinate with RD, Production, Marketing, and other internal departments for costing data collection and analysis
• Engage with external stakeholders like customers and competitors for make-or-buy decisions and pricing benchmarking

Skills and Competencies

• Strong expertise in product costing, budgeting, and variance analysis (costing focus only)
• Deep understanding of production processes and product life cycles
• Experience in data analytics, forecasting, and reporting tools
• Proficiency with MS Excel, PowerPoint, Word, and ERP systems (preferably Microsoft Dynamics AX)
• Excellent planning, coordination, and communication skills

Qualifications

• CMA Qualified
• 10 to 15 years post-qualification experience exclusively in costing and budgeting functions

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