Senior Cost Analyst

Vishay Precision Group, Inc. (VPG); Chennai District; On-site; INR 1,200,000 - 2,400,000; Full time

Benefits offered by this job

Best in the industry

Job summary

Vishay Precision Group, Inc. (VPG) in Chennai seeks a Senior Cost Analyst to join our Finance team on a full-time basis.

You will own costing, budgeting, and financial planning processes while ensuring accurate standard costs in ERP and supporting revenue and COGS reconciliations across products. Candidates should hold a Commerce degree with ICWA/CA and bring 12+ years of costing experience, including MFGpro and MS Office.

Qualifications

• Commerce graduate with ICWA or CA
• 12+ years of costing, budgeting, and accounting experience
• Knowledge of MFGpro and MS Office required

Responsibilities

• Ensure standard price updates in QAD with correct calculations per budget parameters
• Perform sales reconciliation and COGS variance analysis
• Manage inventory movement, cycle counts, and physical counts as scheduled
• Review controls for SOX compliance
• Prepare accurate costing for relocation and R&D models
• Review obsolescence, transfer pricing adjustments, and revaluations
• Validate cost of goods sold and analyze BOM-based variances
• Ensure TM1 vs QAD matching and analyze income statement variances
• Track capital expenditure and related cost data

Skills

Cost analysis

Budgeting

Accounting

MS Office

QAD / TM1 knowledge

Education

Commerce Graduate with ICWA/CA

Tools

MFGpro

MS Office

QAD

TM1

Job description

As a global leader in precision measurement sensing technologies, VPG addresses an expanding array of applications in which accuracy, reliability, and repeatability make the difference. Whether in the design and safety of new generations of cars, trucks, and planes or optimizing advanced medical equipment and consumer products, VPG’s deep engineering expertise makes the world safer, smarter, and more productive.

We are seeking a highly motivated Senior Cost Analyst to join our Finance team on a full-time basis:

Major Responsibilities:

• Ensure the standard price update in QAD with proper calculation for Purchase or Manufacturer item number as per budget parameters.
• Sales Reconciliation including Revenue Recognition along with respective COG’s reconciliation including major variance
• Inventory movement and reconciliation along with physical count March & December including cycle count process.
• Review the controls required for SOX compliance.
• To prepare accurate costing for the new relocation & R&D models
• Inventory obsolescence, Locom, Inventory revaluation impact and Transfer Price adjustment quarterly.
• To review the Standard Cost and Actual Costs for any inaccuracies in ERP system
• To validate the cost of goods sold
• Preparing accurate budget workings based on Bill of Materials for individual product and to analyze for the Top variances, ensuring Transfer Price for each product is very accurate
• Ensuring Tm1 vs QAD are perfectly matching including analysis major variance of Income statement.
• Capital expenditure tracking.

As a global leader in precision measurement sensing technologies, VPG addresses an expanding array of applications in which accuracy, reliability, and repeatability make the difference. Whether in the design and safety of new generations of cars, trucks, and planes or optimizing advanced medical equipment and consumer products, VPG’s deep engineering expertise makes the world safer, smarter, and more productive.

We are seeking a highly motivated Senior Cost Analyst to join our Finance team on a full-time basis:

Major Responsibilities:

• Ensure the standard price update in QAD with proper calculation for Purchase or Manufacturer item number as per budget parameters.
• Sales Reconciliation including Revenue Recognition along with respective COG’s reconciliation including major variance
• Inventory movement and reconciliation along with physical count March & December including cycle count process.
• Review the controls required for SOX compliance.
• To prepare accurate costing for the new relocation & R&D models
• Inventory obsolescence, Locom, Inventory revaluation impact and Transfer Price adjustment quarterly.
• To review the Standard Cost and Actual Costs for any inaccuracies in ERP system
• To validate the cost of goods sold
• Preparing accurate budget workings based on Bill of Materials for individual product and to analyze for the Top variances, ensuring Transfer Price for each product is very accurate
• Ensuring Tm1 vs QAD are perfectly matching including analysis major variance of Income statement.
• Capital expenditure tracking.

Requirements:

Academic/Professional Education: Commerce Graduate with qualified ICWA / CA

Relevant Experience: 12 + years’ experience in Costing, Budgeting, Accounting

Technical Skills/Knowledge: Knowledge in MFGpro & MS office

Benefits:

Best in the industry