F&A -Costing & MIS || Jindal Steel || Angul

Key Responsibilities

• Manage and maintain product costing for various products, grades, and product categories.
• Prepare and analyze standard cost, actual cost, and product-wise cost sheets.
• Develop and maintain costing models considering raw materials, consumables, power, fuel, labour, overheads, conversion costs, and other relevant cost components.
• Perform product-wise and process-wise cost analysis and identify key cost drivers.
• Conduct standard vs. actual cost variance analysis and investigate significant deviations.
• Analyze variances related to raw material consumption, yield, power, fuel, labour, overheads, and production efficiency.
• Coordinate with Production/Operations teams to understand operational variances and identify opportunities for cost reduction.
• Support product pricing and profitability analysis by providing accurate product cost information.
• Monitor material price and consumption variances and assess their impact on product costs.
• Prepare periodic costing MIS and management reports, highlighting key trends, variances, and areas requiring corrective action.
• Support monthly, quarterly, and annual closing activities related to product costing and inventory valuation.
• Work closely with the Supply Chain and Procurement teams to evaluate the impact of changes in raw material prices and procurement costs.
• Review and validate BOMs, routings, production processes, and cost drivers for accurate product costing.
• Assist in inventory valuation and reconciliation from a costing perspective.
• Identify opportunities for cost optimization and process improvement across manufacturing operations.
• Support budgeting, forecasting, and cost reduction initiatives.
• Ensure adherence to accounting policies, internal controls, and applicable costing principles.
• Provide costing-related support during internal and statutory audits.

SAP / ERP Skills

• Hands-on experience in SAP HANA / SAP S4HANA is preferred.
• Strong understanding of SAP Product Costing / CO module will be an advantage.
• Experience in Material Ledger, Standard Costing, Actual Costing, BOM, Routing, Production Order Costing, and Variance Analysis will be preferred.
• Should be comfortable working with ERP-based costing and financial data.
• Strong MS Excel and MIS/reporting skills.