Costing Team Lead ( Finance )

Role & responsibilities

• Serve as a trusted finance partner to the Factory Finance CFO by providing accurate management insights on cost transparency, financial performance including P&L, cash flow management, and ensuring seamless operational support.
• Lead and manage all factory-related financial planning and reporting activities, ensuring timely and accurate submissions.
• Support annual budgets, including factory target agreements, and support long term financial planning.
• Oversee product costing processes, standard cost updates, cost variance analysis, and preparation of detailed costing reports.
• Manage the complete regulatory compliance and cost audit requirements for the factory.
• Develop, implement, and maintain the organizations cost accounting systems, documentation, and financial records.
• Prepare product-level EVA (Economic Value Added) and provide insights for decision-making.
• Design and maintain costing templates to support product managers in preparing accurate product cost estimates while collaborating with global, virtual, and cross-functional teams.
• Establish and track key performance metrics to compare estimated versus actual product costs over time.
• Handle inventory accounting, reconciliations, reporting, price verifications for incoming orders, and initiate credit/debit notes for discrepancies.
• Manage month-end closing activities, ensuring timely and precise completion of revenue and cost-related accounting tasks.
• Review and monitor profitability and balance sheet accounts, and conduct internal cost audits.
• Prepare and analyze order-wise and product portfolio-wise profitability, providing corrective action recommendations where necessary.
• Support and drive digitalization and automation initiatives within the finance function to enhance efficiency and accuracy in financial processes.

Preferred candidate profile

• Graduate in accounting, CA/ ICWA or Masters from reputed institute will be preferred .
• Knowledge of Siemens reporting systems/environment is preferred
• 8+ years of relevant experience .
• Experience in a Finance role with a medium to large size manufacturing organization (preferred in handling engineered product), significant experience working in a multi-national environment and in a matrix organization.
• Extensive knowledge of product costing
• ERP (SAP) and Finance systems knowledge
• Demonstrated leadership capability
• Capable to successfully manage multiple priorities and reporting requirements
• Autonomous, self-driven
• Collaborative, team player with strong interpersonal skills