Cost Analyst

Greetings from Team Management Services (TMS), an end-to-end HR consulting services firm!

Currently we have an urgent job opening for Cost Analyst with one of our clients, located at Navi Mumbai.

Our client:

Our client is a diversified global manufacturer with annual revenue exceeding $7 billion. They deliver innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. They combine global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of 29,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, USA.

Designation: Cost Analyst

Qualification: CA/ICWA, CMA

Experience: 2-4 Years

Location: Navi Mumbai

Job Description:

• Gather and analyze financial data.

• Determine standard costs and investigate variances with actual costs.

• Prepare relevant reports incl. Gross Margin analysis, both periodically and ad-hoc

• Help management make important decisions based on costs and benefits (e.g., investments, market growth, pricing changes)

• Create and manage budgets and monitor spending.

• Support/Lead in Cost Audit, Statutory/Internal/SOX Audit

• Monitor changes in processes or methods to calculate effects on overall costs.

• Estimate product costs for existing and new Products.

• Forecast and analyze costs of processes, labor, and inventory.

• Review of cost parameter in co-ordination with Operations/SCM team and Suggest cost-reducing or profitable solutions.

• Inventory Management incl. monitoring of MOQ, Slow and Non-Moving inventory

• Conduct market research to support future business planning/Pricing in co-ordination with Sales and Marketing.

• Cross over with FP&A activities, as needed.

• Working as end user for Oracle ERP implementation.

Required Skills:

• Strong analytical skills

• A business acumen

• Great attention to detail

• Preferable ERP Experience SAP/Oracle

Full time