Lead Costing

Job Title: Lead Costing & MIS

Job Purpose (Why the Job Exists?)

To manage costing, management information systems (MIS), budgeting, forecasting, and financial analysis to enable effective business decision-making. The role is responsible for ensuring accurate product costing, timely MIS reporting, budget monitoring, cost optimization, and strengthening financial controls while supporting overall business profitability.

Role & Responsibilities

• Prepare and maintain accurate product-wise costing sheets, BOM costing, and cost estimates.
• Analyze manufacturing costs, identify cost drivers, and recommend cost optimization initiatives.
• Perform monthly cost variance analysis against budgets, standards, and actual performance.
• Prepare daily, weekly, monthly, and management MIS reports with meaningful business insights.
• Develop financial dashboards and reports for senior management.
• Coordinate with Production, Purchase, Stores, Sales, and Finance teams to collect and validate cost-related data.
• Prepare monthly forecasts and monitor actual performance against forecasts.
• Support preparation of annual budgets, business plans, and financial projections.
• Conduct profitability analysis by product, customer, process, and business segment.
• Monitor departmental budgets and provide variance analysis with corrective action recommendations.
• Verify and approve vendor bills, debit notes, credit notes, journal vouchers, and financial documents in line with company policies.
• Assist in monthly, quarterly, and annual financial closing activities.
• Support statutory, internal, and cost audits by preparing schedules and reconciliations.
• Ensure compliance with accounting standards, internal controls, and financial governance.
• Identify opportunities for process automation and continuous improvement in costing and MIS functions.
• Develop and maintain reports in SAP, Excel, and other reporting tools.
• Present financial analysis and business performance reports to management for strategic decision-making.

Preferred Candidate Profile

• CA / CMA / with relevant experience.
• 515 years of experience in Costing, MIS, Budgeting, Financial Analysis, or Management Reporting in a manufacturing industry.
• Experience in Steel, Metals, Cement, Power, Engineering, or Process Industry will be preferred.
• Strong understanding of product costing, standard costing, inventory valuation, and variance analysis.
• Hands-on experience with SAP (FI/CO/MM) and advanced Microsoft Excel (Pivot Tables, Power Query, Power Pivot, Advanced Formulas, Dashboards).
• Knowledge of budgeting, forecasting, financial statements, and business planning.
• Good analytical, problem-solving, and financial modeling skills.
• Ability to interpret financial data and provide actionable business insights.
• Strong communication and stakeholder management skills with cross-functional teams.
• High attention to detail, accuracy, and commitment to timelines.
• Experience in developing MIS dashboards using Power BI or similar BI tools will be an added advantage.

Key Skills

• Product Costing
• Cost Control & Cost Optimization
• MIS Reporting
• Budgeting & Forecasting
• Variance Analysis
• Financial Analysis
• Business Planning
• SAP (FI/CO/MM)
• Advanced Excel
• Power BI (Preferred)
• Financial Statements
• Internal Controls
• Manufacturing Costing
• Data Analysis
• Business Analytics