Costing Team Lead

Siemens; Panaji; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Siemens Verna Plant in Goa seeks an experienced finance professional to join the Finance Costing team. You will partner with the Factory CFO to ensure cost transparency, accurate profitability analysis, and robust budgeting for the manufacturing unit.

You will lead costing processes, standard cost updates, EVA reporting, and cost audits while collaborating with global teams on templates, reporting, and digitalization initiatives.

Qualifications

• Graduate in accounting, CA/ICWA or Masters from reputed institute will be preferred or BTech with knowledge on Costing.
• Knowledge of Siemens reporting systems/environment is preferred.
• 8+ years of relevant experience in finance.
• Experience in a manufacturing organization with multi-national exposure.
• Extensive knowledge of product costing and cost audits.

Responsibilities

• Serve as a trusted finance partner to the Factory Finance CFO with cost transparency and financial performance insights.
• Lead and manage all factory-related costing, budgeting, and reporting activities.
• Support annual budgets and long-term financial planning for the factory.
• Oversee product costing, standard cost updates, and cost variance analysis.
• Manage regulatory compliance and cost audits for the factory.
• Develop and maintain cost accounting systems, documentation, and records.
• Prepare product-level EVA and provide decision-support insights.
• Design costing templates for product managers and collaborate with global teams.
• Establish and track KPI for estimated vs actual product costs.
• Handle inventory accounting, reconciliations, and price verifications.
• Manage month-end closing for revenue and cost-related accounting.
• Review profitability and balance sheet accounts; conduct internal cost audits.
• Provide actionable corrective actions from profitability analyses.
• Support digitalization and automation initiatives in finance.

Skills

Costing

Cost variance

Financial planning

P&L analysis

Leadership

Collaboration

MNC experience

Education

CA/ICWA

MBA Finance

BTech costing

Tools

SAP ERP

Job description

We're improving the way we live and work by intelligently connecting energy systems, buildings, and industries!!

Smart infrastructure from Siemens makes the world a more connected and caring place – where resources are valued, where impact on the world is considered, where sustainable energy is delivered optimally and efficiently. It provides the flexible infrastructure to allow society to evolve and respond to changing conditions. Technology and the ingenuity of people come together to be at one with our environments and to care for our world. We do this from the macro to the micro level, from physical products, components, and systems to connected, cloud-based digital offerings and services. Siemens offers a broad portfolio of grid control and automation; low- and medium-voltage power distribution, switching and control; and building automation, fire safety and security, HVAC control and energy solutions.

JOIN US! WE MAKE REAL WHAT MATTERS. THIS IS YOUR ROLE

What will you do?

As a member of the Finance Costing team for the GIS Operations at the factory in Verna, Goa and will be responsible for supporting the Factory Finance CFO to ensure an high level of financial integrity and performance of the factory.

The Key Deliverables And Responsibilities Would Be

• Serve as a trusted finance partner to the Factory Finance CFO by providing accurate management insights on cost transparency, financial performance including P&L, cash flow management, and ensuring seamless operational support.
• Lead and manage all factory-related financial planning and reporting activities, ensuring timely and accurate submissions.
• Support annual budgets, including factory target agreements, and support long term financial planning.
• Oversee product costing processes, standard cost updates, cost variance analysis, and preparation of detailed costing reports.
• Manage the complete regulatory compliance and cost audit requirements for the factory.
• Develop, implement, and maintain the organization’s cost accounting systems, documentation, and financial records.
• Prepare product-level EVA (Economic Value Added) and provide insights for decision-making.
• Design and maintain costing templates to support product managers in preparing accurate product cost estimates while collaborating with global, virtual, and cross-functional teams.
• Establish and track key performance metrics to compare estimated versus actual product costs over time.
• Handle inventory accounting, reconciliations, reporting, price verifications for incoming orders, and initiate credit/debit notes for discrepancies.
• Manage month-end closing activities, ensuring timely and precise completion of revenue and cost-related accounting tasks.
• Review and monitor profitability and balance sheet accounts, and conduct internal cost audits.
• Prepare and analyze order-wise and product portfolio-wise profitability, providing corrective action recommendations where necessary.
• Support and drive digitalization and automation initiatives within the finance function to enhance efficiency and accuracy in financial processes.

You will be required to work in person in the Verna Plant, Goa.

What will you need to succeed?

• Graduate in accounting, CA/ ICWA or Masters from reputed institute will be preferred Or BTech with knowledge on Costing.
• Knowledge of Siemens reporting systems/environment is preferred
• 8+ years of relevant experience .
• Experience in a Finance role with a medium to large size manufacturing organization (preferred in handling engineered product), significant experience working in a multi-national environment and in a matrix organization.
• Extensive knowledge of product costing
• ERP (SAP) and Finance systems knowledge
• Demonstrated leadership capability
• Capable to successfully manage multiple priorities and reporting requirements
• Autonomous, self-driven
• Collaborative, team player with strong interpersonal skills

WE DON'T NEED SUPERHEROES, JUST SUPER MINDS!

WE'VE GOT QUITE A LOT TO OFFER. HOW ABOUT YOU?

We're Siemens. A collection of over 379,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality and we welcome applications that reflect the diversity of the communities we work in across Gender, LGBTQ+, Abilities & Ethnicity. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and imagination, and help us shape tomorrow.

Find out more about Smart Infrastructure at: https://new.siemens.com/global/en/company/topic-areas/smart-infrastructure.html and about Siemens careers at: www.siemens.com/careers