AGM / DGM - Costing & MIS

Man Industries; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Man Industries in Mumbai invites applications for the AGM Costing & MIS role in the Chairman & MDs office to strengthen order costing, RM yield analyses, and MIS framework. You will provide independent actionable insights and data-driven recommendations to support informed decision-making across all business functions.

The role covers costing analysis, variance monitoring, profitability and pricing strategies, and cost optimization; financial analysis, budgeting, cash flows, and risk flags;

Responsibilities

• Analyze order-wise costing for Customer orders bidding, acceptance, actual costing for the executed orders and report variances.
• Costing analysis of the ongoing orders vs approved costing for timely corrective action
• Plant operation cost analyses - material, labor & overhead costs and identify cost optimization opportunities.
• Develop actionable insights and elevate findings to the management to facilitate timely, informed decision-making.
• Monitor variance analysis (actual vs standard) and drive corrective actions.
• Evaluate order wise yield computation, Profitability and pricing strategies.
• Lead initiatives for cost reduction and efficiency improvement.
• Review of Plant MRMs
• Analyse financial reports & MIS and provide insight
• Analyses of Budget, forecasts, and cash flows to identify trends, risks, and business opportunities.
• Identify and elevate red flags related to Company Secretary (CS) MIS in a proactive manner.
• Monitor weekly collection status and debtor ageing reports.
• Track Retention amounts, Bank Guarantees (BG), and Late Delivery (LD) charges.
• Review and assess customer credit limits on a half-yearly basis to manage credit risk exposure.
• Conduct due diligence on new shipping/logistics companies before onboarding.
• Review and analyse high-value Capital Expenditure (Capex) and Purchase Orders (POs), including strategic materials.
• Evaluate steel tolerance, price calculations, and estimation parameters for robust procurement controls
• Coordinate with Finance and Marketing teams for structured weekly review meetings.
• Prepare Minutes of Meetings (MoM) with clearly defined follow-up actions to drive accountability across functions.
• Ensure any deviation from approved plans or policies is escalated to management immediately.
• Effectively communicate findings, recommendations, and action plans to all relevant stakeholders.
• Coordinate with IT/Systems teams to ensure the ERP system is aligned with organizational control requirements.

Job description

The AGM Costing & MIS is responsible in the Chairman & MDs office for the strengthening the organization's order costing, RM yield analyses, weekly / monthly MIS framework, financial governance, risk management practices. This role acts as a strategic partner to the Chairman's Office providing independent actionable insights, and data-driven recommendations to support informed decision-making across all business functions.

1. Costing

• Analyze order-wise costing for Customer orders bidding, acceptance, actual costing for the executed orders and report variances.
• Costing analysis of the ongoing orders vs approved costing for timely corrective action
• Plant operation cost analyses - material, labor & overhead costs and identify cost optimization opportunities.
• Develop actionable insights and elevate findings to the management to facilitate timely, informed decision-making.
• Monitor variance analysis (actual vs standard) and drive corrective actions.
• Evaluate order wise yield computation, Profitability and pricing strategies.
• Lead initiatives for cost reduction and efficiency improvement.

2. Financial Analysis & MIS Reporting

• Review of Plant MRMs
• Analyse financial reports & MIS and provide insight
• Analyses of Budget, forecasts, and cash flows to identify trends, risks, and business opportunities.
• Identify and elevate red flags related to Company Secretary (CS) MIS in a proactive manner.

3. Collections, Debtors & Trade Finance Monitoring

• Monitor weekly collection status and debtor ageing reports.
• Track Retention amounts, Bank Guarantees (BG), and Late Delivery (LD) charges.
• Review and assess customer credit limits on a half-yearly basis to manage credit risk exposure.
• Conduct due diligence on new shipping/logistics companies before onboarding.

4. Capex, Purchase Orders & Cost Sheet Verification

• Review and analyse high-value Capital Expenditure (Capex) and Purchase Orders (POs), including strategic materials.
• Evaluate steel tolerance, price calculations, and estimation parameters for robust procurement controls

5. Coordination & Stakeholder Management

• Coordinate with Finance and Marketing teams for structured weekly review meetings.
• Prepare Minutes of Meetings (MoM) with clearly defined follow-up actions to drive accountability across functions.
• Ensure any deviation from approved plans or policies is escalated to management immediately.
• Effectively communicate findings, recommendations, and action plans to all relevant stakeholders.

6. IT / System improvement

• Coordinate with IT/Systems teams to ensure the ERP system is aligned with organizational control requirements.