Man Industries – Manager/Assistant General Manager – Costing & MIS Man Industries

The Corporate Institute; Mumbai; On-site; INR 600,000 - 1,000,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking a seasoned Finance Analyst to lead costing, financial analysis, and MIS reporting for plant operations. You will analyse order costing, monitor variances, and drive actionable improvements across functions.

You will review budgets and cash flows, assess credit and trade finance processes, verify Capex and POs, and coordinate weekly reviews with Finance and Marketing. Strong stakeholder communication is essential.

Responsibilities

• Analyse order‑wise costing (bidding, acceptance, actual costing) and report variances.
• Analyse ongoing orders costing vs approved costing to enable timely corrective actions.
• Analyse plant operation costs (material, labor, overhead) and identify optimization opportunities.
• Develop actionable insights and present findings to management for timely decisions.
• Monitor actual vs standard variance analyses and drive corrective actions.
• Evaluate order‑wise yield, profitability and pricing strategies.
• Lead cost reduction and efficiency improvement initiatives.
• Review Plant MRMs.
• Analyse financial reports and MIS to provide insights.
• Analyse budgets, forecasts and cash flows to identify trends, risks and opportunities.
• Identify and raise CS MIS red flags proactively.
• Monitor weekly collection status and debtor aging reports.
• Track retention amounts, bank guarantees and late delivery charges.
• Review customer credit limits semi-annually to manage credit risk.
• Conduct due diligence on new shipping/logistics providers before onboarding.
• Review high-value Capex and purchase orders, including strategic materials.
• Evaluate steel tolerances, price calculations and estimation parameters for procurement controls.
• Coordinate with Finance and Marketing for structured weekly reviews.
• Prepare MoMs with clear follow-up actions to drive accountability.
• Escalate any deviation from plans or policies to management immediately.
• Communicate findings, recommendations and action plans to stakeholders.
• Coordinate with IT to ensure ERP aligns with control requirements.

Job description

1. Costing:

• Analyse 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 and 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 and MIS Reporting:

• Review of Plant MRMs.
• Analyse financial reports and 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 and 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 and 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 and 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.