[New Job Vacancy] Cost Analyst job in Coats Group plc, (India) – Jobs in India

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Job Opening details:-
Company Name :-
Coats Group plc
Position Name :-
Cost Analyst
Company Location :-
Job Category :
 General jobs

Full Job Description :-
Date: 10-Mar-2022
Location: IN
Company: Coats
About Coats
Coats is the world’s leading industrial thread company. At home in some 50 countries, Coats has a workforce of 17,000 people across six continents. Coats’ pioneering history and innovative culture ensure the company leads the way around the world. It provides complementary and value-added products, services and software solutions to the apparel and footwear industries. It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection. Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series, a participant in the UN Global Compact and a Network member of the Ellen MacArthur Foundation.

Role Purpose
Responsible for product costing activities performed with in the ERP system (SAP) for the markets that have costing activities centralized
Establish process for analysis of variances (Price & Factory) and provide business insights including actionable items to reduce variances compared to established standards
Provide support and guidance for inventory valuation. This covers activities including calculation of capitalized variances and stock provisions
Liaise with technology teams to resolve issues in processes or reports
Perform ad hoc analysis as may be required including deep dives to identify issues
Validate dashboards and reports relating to inventory, procurement and factory performance
Support any group project that may require centralized costing support

Principal Accountabilities & Key Activities
Product costing
Regular review of materials that are pending for cost release and liaise with markets for timely update of standard costs
End to end support for the release of standard costs following established group methodology for standard cost calculation
Conduct reviews to ensure the accuracy of the standard costs
Review and validate master data components that have impact on product costing such as Bill of Materials, Routings, Costing Lot Size and Procurement Keys

Variance analysis
Analyse procurement transactions and identify the cause for price variance
Review exceptions and abnormal variances and liaise with markets to take corrective action
Factory variance analysis and consolidation
Develop reports that provide insights into price and factory variances

Inventory valuation

Review of gross stocks and reports that provide value of gross stock based on group accounting policy
Calculate variance to be calculated based on group policies
Adherence to standard methodology for calculation of provisions and bring improvements in process as required

Ad hoc business support

Deep dives into transactions and processes to identify issues that may be present and provide solutions for such issues
Validation of dashboards and reports
Provide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation
Liaise with technology teams in resolution of issues with reports and processes
Education, Qualifications and Experience
Qualified ICWA – Cost and Management Accountant
A minimum of four years of post-qualification work experience with a manufacturing organisation
Minimum of 2 years hands on experience with SAP product costing and end to end process knowledge
Should be familiar with SAP MM and PP modules. Must have experience on how the non-financial information impacts costing
Experience with analysis of variances
Ability to communicate effectively with stakeholders (oral and written)
Ability to work independently or within a team environment and with multiple priorities.
Proficiency with spreadsheet applications (excel) and reporting and analysis tools (BW, BCS, Lumira etc.)

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