OmniActive Health Technologies - Assistant Director - Costing - ICWA (6-10 yrs)

Job Purpose and Scope:

Accountable for managing the costing of products and optimizing inventory levels across products / locations.

Will be a key partner in managing working capital optimally and our products are competitively prices at the market place.

Responsibilities:

- Implement and automate end-to-end costing and inventory valuation through the SAP.

- Conceptualize and implement effective systems, policies and procedures to ensure a robust cost and MIS reporting system.

- Provide management with reports specifying and comparing factors affecting prices and profitability.

- Prepare and Analyse product wise variance of cost of material and overheads of Budget vs Actual.

- Perform analytical procedures and finalize reporting of variance analysis in discussion with various plant locations.

- Analysing & reporting of purchase price variance (PPV) vs. budget and previous year.

- Responsible for COGS reconciliation and variance analysis between standard and actual cost.

- Inventory analysis, monitoring and controlling.

- Review inventory of RM, WIP, and FG, Days of inventory outstanding (DIO); Provide necessary insights about inventory in S&OP; Propose inventory related provision as per Accounting policy and recommend Inventory liquidation and write-offs plans as per companys DOA.

- Partnering with procurement team on pricing & vendor payment strategy.

- Prepare and finalize annual budget of costing, standard costing and BOM in discussion with Plant Heads and present to the management.

- Conduct an analysis of monthly operating cost and prepare a monthly financial performance report.

- Responsible for the preparation, maintain adequate reports and timely completion of annual cost audit.

- Utilize information derived from cost reporting to drive cost saving initiatives throughout the factory and supply chain function.

- Develop visual dashboards for fixed overheads/manufacturing overhead cost as part of Lean programs.

- Prepare and share ad-hoc reports/weekly report to various stakeholders from time to time.

Qualifications, Experience & Skills

Education:

- ICWA Experience: 8-15 years of experience.

- Minimum working experience of 6+ years in SAP.

- Experience in manufacturing organizations.

Skills & Competencies:

- Multi tasking and should be able to prioritize.

- Ability to deal with ambiguity.

- Work in high-pressure situation.

- Stakeholder management.

- Should have an analytical bend of mind.

- Experience of costing and inventory valuation implementation in SAP.