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Vacancy For CA,CMA As Manager- Costing & Budgeting in CEAT Ltd , Chennai

Company: CEAT Tyres Limited
Location: Chennai

Required Skills: CA,CMA , Manager- Costing & Budgeting
Required Exp: 3 to 5 years
Address: Chennai
Category: CMA Jobs



Implementation and / or improvement of activity based costing and accounting systems
Identifying Cost Reduction opportunities Reduction of Fixed Cost & Conversion from Fixed to Variable, scrap and indirect material cost
Daily, weekly and monthly monitoring that of Conversion cost and Inventory
No. of process improvements, QIPs and Kaizens
Budget preparation, tracking and variance analysis
Compliance towards statutory audits



Facilitate the annual budgeting process with the Division heads, Plant Finance Head and other support functions
Initiate and coordinate financial planning and budgeting activities at the different divisions and sectors for the plant
Evaluate the various Capex proposals by the departments and develop them further if found suitable


Initiate, coordinate, and prepare Plant specific budgets in line with the guidance provided by Corporate
Conduct the annual budget meeting with the Department heads, Plant Finance Head and other support functions
Liaison with the Department Heads and support functions in submitting their projections and targets in a timely and accurate manner
Extract information of the financial performance of the business from the historical databases
Extract expenses information from the databases relating to direct costs, indirect costs, fixed costs and variable costs
Project the operating costs for production and the project execution by building various scenarios with variables like labor, material cost, time, etc under guidance of GM Finance
Conduct analysis of budget vs actual adherence to budgets for departments
Ensure control over expenses by regular feedback on budgets and actual expenses
Keep control over the Budgeted Capex and Actual Capex spends and highlighting any deviations
Participate with the Corporate Finance team in developing requirements for budgeting standards

Cost Management:

Ensure implementation of standard costing and activity base costing systems in line with corporate guidance
Ensure reconciliation between the financial accounting and costing system to ensure seamless financial reporting and analysis
Perform product costing and raw material costing, to accurately assess product profitability
Provide required information for cost benefit analysis, transfer pricing in consultation with the Plant Finance Head
Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports, budgeting /forecasting support
Track and monitor Conversion cost on daily, week and monthly basis and highlight any deviations to key stake holders to discuss upon the resolution
Conduct physical inventory checks and resolve issues with regards to any variance if observed

Cost Audit

Keep Cost Records as required for Annual Cost Audit
Interact with internal and external auditors in completing audits
Ensure adherence to Statutory Requirement of Cost Auditor & Complete Cost Audit
Analyse BOM Vs Actual RM Consumption Analysis
Providing Key Financial Data to outside Agencies (as required)

Documentation, & MIS

Maintain costing and budgeting reports for the Plant
Ensure the high level accuracy and timely submission of all MIS reports
Ensure accurate and timely SAP updation on FICO for all costing processes and activities, and monitor the quality of updation on SAP by the Plant team
Perform variance analysis in SAP reports

Education and Experience Required




4 6 years in costing
JOB FUNCTION:Accounting / Tax / Company Secretary / Audit
INDUSTRY:Automobiles / Auto Component / Auto Ancillary , Manufacturing / Industrial
COMPANY TURNOVER -2500 - 5000 Crores
COMPANY SIZE -5001 - 10000 Employees
Date Posted:02-Oct-2019
Posted By: kumar shubham
Views 99

Source: Time


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