F&A -Costing & MIS | Jindal Steel | Angul

Jindal Steel Limited; Angul; On-site; INR 600,000 - 900,000; Full time

Job summary

Jindal Steel Limited in India, Odisha (Angul) is seeking a Costing Specialist to manage product costing across multiple products and categories. The role involves preparing standard and actual costs, building costing models, and conducting detailed variance analyses to drive cost optimization.

You will coordinate with Production, Supply Chain, and Procurement to understand variances, support pricing decisions, and contribute to inventory valuation and monthly closes.

Qualifications

• Experience with costing concepts and variance analysis.
• Strong MS Excel and MIS/reporting skills.
• Comfortable working with ERP/ costing and financial data.

Responsibilities

• Manage and maintain product costing for various products, grades, and categories.
• Prepare and analyze standard cost, actual cost, and product-wise cost sheets.
• Develop and maintain costing models considering raw materials, power, labor, overheads, and other cost components.
• Perform product-wise and process-wise cost analysis and identify cost drivers.
• Conduct standard vs. actual cost variance analysis and investigate deviations.
• Coordinate with Production/Operations to understand variances and identify cost reduction opportunities.
• Support product pricing and profitability analysis with accurate cost information.
• Monitor material price and consumption variances and assess their impact on costs.
• Prepare costing MIS and management reports, highlighting trends and variances.
• Support closing activities related to product costing and inventory valuation.
• Work with Supply Chain and Procurement to evaluate raw material price changes.
• Review BOMs, routings, production processes and cost drivers for accuracy.
• Assist in inventory valuation and reconciliation from a costing perspective.
• Identify opportunities for cost optimization and process improvement across manufacturing.

Job description

Key Responsibilities

• Manage and maintain product costing for various products, grades, and product categories.
• Prepare and analyze standard cost, actual cost, and product-wise cost sheets.
• Develop and maintain costing models considering raw materials, consumables, power, fuel, labour, overheads, conversion costs, and other relevant cost components.
• Perform product-wise and process-wise cost analysis and identify key cost drivers.
• Conduct standard vs. actual cost variance analysis and investigate significant deviations.
• Analyze variances related to raw material consumption, yield, power, fuel, labour, overheads, and production efficiency.
• Coordinate with Production/Operations teams to understand operational variances and identify opportunities for cost reduction.
• Support product pricing and profitability analysis by providing accurate product cost information.
• Monitor material price and consumption variances and assess their impact on product costs.
• Prepare periodic costing MIS and management reports, highlighting key trends, variances, and areas requiring corrective action.
• Support monthly, quarterly, and annual closing activities related to product costing and inventory valuation.
• Work closely with the Supply Chain and Procurement teams to evaluate the impact of changes in raw material prices and procurement costs.
• Review and validate BOMs, routings, production processes, and cost drivers for accurate product costing.
• Assist in inventory valuation and reconciliation from a costing perspective.
• Identify opportunities for cost optimization and process improvement across manufacturing operations.
• Support budgeting, forecasting, and cost reduction initiatives.
• Ensure adherence to accounting policies, internal controls, and applicable costing principles.
• Provide costing-related support during internal and statutory audits.

SAP / ERP Skills

• Hands-on experience in SAP HANA / SAP S4HANA is preferred.
• Strong understanding of SAP Product Costing / CO module will be an advantage.
• Experience in Material Ledger, Standard Costing, Actual Costing, BOM, Routing, Production Order Costing, and Variance Analysis will be preferred.
• Should be comfortable working with ERP-based costing and financial data.
• Strong MS Excel and MIS/reporting skills.