Responsible for the ongoing analysis of process constraints target costing projects margin analysis and tracing costs back to underlying activities. Support Manager in preparing budgets and rolling forecasts loading and unloading of costs and expenses to correct projects/jobs participate in the audit program to facilitate the finalization of financial statements inventory management costing and finance projects reporting
KEY RESPONSIBILITIES
Costing and pricing
Develop and maintain standard costs of finished goods and production components
Stay abreast of best cost matrices and trends in the packaging industry and advice management of same
Pricing / costing of new and existing products and submit to GM and FM for review
Managing price revision cycle ensuring timely and accurate price update
Close coordination with project manager and sales team
Portfolio management
Monitor key customer / product profitability perform analysis to identify profit improvement opportunities and work cross functionally to monetize the ideas and define corrective actions to drive profit
Responsible for tracking value generated by Cost Improvement & Value Generation activities. Identify value opportunities and cost leakages
Develop and implement tools and processes to guarantee the maintenance of the account profitability as per contractual agreement. Including the reflection of cost variations in material and conversion in the regularly updated price lists
Overall responsibility of product and customer portfolio analysis. Proactively foster initiatives for portfolio optimization and support key account financial reviews
Capex investment preparation and initial assessment against Companys KPIs
Process continuous improvement
Support Commercial and Finance teams in business process improvements implementing best practices and fully utilizing ERP system capabilities
In close collaboration with Finance team present tool and process improvement ideas for a faster and more accurate response to customer enquiries. Identify issues with existing procedures and use these findings to improve them or remove processes that aren t generating value
Oversee the planning development and implementation of project efforts that utilize information technology solutions principles standards and best practices
Critical assessment of processes and formats with a continuous improvement eye to enhance current practices improve efficiency and fully embed way of working
Develop and implement best practices processes and toolsets for effective portfolio/project management and take initiatives to educate staff on best practices and effective project execution
Ensure all documents and records are up to date and that record traceability and retrieval is upheld at all times. Ensure all processes procedures & activities comply with ISO and management procedures
Lead from commercial perspective the Budgeting / Forecasting processes
Management reports
Prepare various financial analysis related to manufacturing costs inventory and expense information for various customers as needed for decision making support. Provide critical assessment of all cost projections
Analyzes changes in product design raw materials manufacturing methods or services provided to determine effects on costs. Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services
Weekly/monthly Actual reporting assessment of performance vs Budget previous period SOP. Updating and maintaining of databases including pcs and tonnage
Work with all levels of leadership and relevant stakeholders to ensure project initiatives are managed and maintained; develop executive level presentations of the portfolio and project budget.
Ensure compliance to Safety Quality Food Safety and Environment requirements as specified in the global QHSE Management System with strict adherence to ISO and local regulatory authority.
Education/ Qualifications
Bachelor s degree in Accounting Finance Commerce or a related field is mandatory.
Professional certification in Cost Accounting preferred (CMA< ICWA india etc.)
Experience
68 years of experience in costing Variance analysis Product costing Budgeting Inventory management in Manufacturing/Engineering/ Industrial or productiondriven environments.
Experience or qualifications in project management methodologies is highly desirable.
Functional Skills & Specific Knowledge
Cost accounting principles and financial reporting standards in line with International Financial Reporting Standards.
Adept with Manufacturing processes workflows and cost drivers
Knowledge of ERP CRM and MS Excel tools and techniques mandatory
Knowledge and understanding of standard project management tools
Analytical & DetailOriented Ability to analyze complex data and provide insights
Communication Skills Ability to explain financial information clearly to nonfinancial stakeholders
Time Management & Organization Handle multiple projects or deadlines
Familiarity with compliance and internal control procedures
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