Costing Officer - Manufacturing
Weir Minerals
Bangalore
Onsite
Purpose of Role:Seeking a detail-oriented and experienced Costing Officer - Manufacturing to join our finance team. The ideal candidate will have a strong background in cost accounting within an engineering manufacturing environment and be proficient in SAP.
This role involves analyzing and managing costs to ensure the financial efficiency of our manufacturing processes. You will need to have demonstrated experience in cost reduction initiatives and process improvements, as well as knowledge with lean manufacturing principles.
Key Responsibilities:
Cost Analysis: Analyse and review plant operational costs, including raw materials, labour, and overhead.
Variance Analysis: Analyse Production variance, Purchase Price Variance, Gross Margins and explaining variances between actual and standard costs.
Budgeting and Forecasting: Assist in the preparation of annual budgets and forecasts, including standard product cost development and cost centre budgeting.
Product Costing: Estimating costs for existing, new, and proposed products.
Inventory Management: Supervise physical inventory counts and cycle counts, ensuring accuracy in inventory records.
SAP Utilization: Utilize SAP for cost accounting activities, including data entry, report generation, and variance analysis.
Compliance: Ensure compliance with internal controls and Cost Accounting Record Rules (CARR) and Cost Audit Report Rules.
Reporting: Prepare monthly, quarterly, and annual cost reports for management, highlighting key cost drivers and areas for improvement.
Collaboration: Work closely with the manufacturing, Engineering and supply chain teams to provide cost-related support and insights.
Safety First: Demonstrate 100% commitment to our zero harm behaviors in support of our drive towards developing a world class safety culture.
Job Knowledge/Education and Qualifications:
Education: Bachelor’s degree in Accounting, Finance, Engineering or a related field. CMA certification is a plus.
Experience: Minimum of 4-5 years of cost accounting experience in an engineering manufacturing environment.
Technical Skills: Proficiency in SAP and Microsoft Office Suite, particularly Excel.
Analytical Skills: Strong analytical and problem-solving skills with attention to detail.
Communication: Excellent verbal and written communication skills.
Team Player: Ability to work collaboratively with cross-functional teams.
Why choose Weir:
Be part of a global organization dedicated to building a better future: At Weir, the growing world depends on us. It depends on us constantly reinventing, quickly adapting and continually finding better, faster, more sustainable ways to access the resources it needs to thrive. And it depends on each of us doing the best work of our lives. It’s a big challenge – but it is exciting.
An opportunity to grow your own way: Everything moves fast in the dynamic world of Weir. This creates opportunities for us to take on new challenges, explore new areas, learn, progress and excel. Best of all, there is no set path that our people must take. Instead, everyone is given the support and freedom to tailor-make their own career and do the best work of their lives.
Feel empowered to be yourself and belong: Weir is a welcoming, inclusive place, where each individual’s contribution is recognized and all employees are encouraged to innovate, collaborate and be themselves. We continually focus on people and their wellbeing. We believe in fairness and choose to be honest, transparent and authentic in everything we do.
Founded in 1871, Weir is a world leading engineering business with a purpose to make mining operations smarter, more efficient and sustainable. Thanks to Weir’s technology, our customers can produce essential metals and minerals using less energy, water and waste at lower cost. With the increasing need for metals and minerals for climate change solutions, Weir colleagues are playing their part in powering a low carbon future. We are a global family of 11,000 uniquely talented people in over 60 counties, inspiring each other to do the best work of our lives.
For additional information about what it is like to work at Weir, please visit our Career Page and LinkedIn Life Page.
Weir is committed to an inclusive and diverse workplace. We are an equal opportunity employer and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, veteran status, disability, age, or any other legally protected status.
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