Job Title: MIS Executive - Cost Accounting
Industry: Iron & Steel
Experience: 4-8 Years
Qualification: Graduate (B. Com / BBA / BMS preferred; MBA Finance is a plus)
Department: Finance / Costing / MIS
Location: Tadipatri, Andhra Pradesh
Job Summary:
The MIS Executive will be responsible for preparing, analyzing, and maintaining management information systems with a focus on department-wise cost accounting in the iron and steel manufacturing environment. The role involves tracking production costs, variance analysis, budgeting support, and generating actionable insights for management.
Key Responsibilities:
- MIS & Reporting
- Prepare daily, weekly, and monthly MIS reports for management.
- Develop department-wise cost reports (production, procurement, logistics, etc.).
- Automate MIS reports using Excel (Pivot Tables, Power Query, Macros).
- Ensure data accuracy and timely reporting.
- Cost Accounting (Core Role)
- Monitor and analyze production costs (raw material, labor, overheads).
- Maintain cost sheets for steel/iron products.
- Conduct variance analysis (actual vs standard cost).
- Track per ton cost of production and identify cost-saving opportunities.
- Support inventory valuation and reconciliation.
- Department-wise Cost Tracking
- Allocate costs across departments (Melting, Rolling Mill, Furnace, Dispatch, etc.).
- Analyze department efficiency and cost utilization.
- Provide insights to reduce wastage and improve operational efficiency.
- Data Analysis & Controls
- Collect and validate data from plant, stores, and accounts.
- Maintain dashboards for cost trends and KPIs.
- Ensure internal controls for data accuracy and compliance.
- Budgeting & Forecasting
- Assist in preparation of annual budgets and monthly forecasts.
- Compare actual performance against budgets and highlight deviations.
- Coordination
- Work closely with production, procurement, and finance teams.
- Coordinate with plant teams for real-time data collection.
Key Skills Required:
- Strong knowledge of Cost Accounting & MIS reporting
- Advanced MS Excel (Pivot, VLOOKUP/XLOOKUP, Power Query; VBA is a plus)
- Understanding of iron & steel manufacturing processes
- Analytical and problem-solving skills
- Knowledge of ERP systems (SAP / Tally / Oracle preferred)
- Attention to detail and accuracy
Key KPIs / Performance Metrics:
- Accuracy and timeliness of MIS reports
- Cost variance reduction
- Efficiency in department-wise cost tracking
- Quality of insights provided to management
Preferred Candidate Profile:
- Experience in steel plants, rolling mills, or manufacturing units
- Exposure to production costing and inventory management
- Ability to handle large datasets and generate insights