Senior Cost Analyst

Vishay Precision Group, Inc.; Chennai District; On-site; INR 2,500,000 - 4,200,000; Full time

Benefits offered by this job

Best in the industry

Job summary

Vishay Precision Group, Inc. is seeking a Senior Cost Analyst to join the Finance team on a full-time basis in Chennai, Tamil Nadu, India. The role focuses on standard cost updates in the ERP system, cost and inventory reconciliations, and ensuring SOX controls are robust.

The position requires Commerce graduate with ICWA/CA and 12+ years of costing, budgeting, and accounting experience. Proficiency in MFGpro, QAD, and MS Office is preferred.

Qualifications

• 12+ years of experience in Costing, Budgeting and Accounting.
• ICWA/CA or equivalent professional qualification preferred.

Responsibilities

• Update standard pricing in ERP with budget parameters for items.
• Perform revenue and COGS reconciliations and variance analysis.
• Manage inventory movement, reconciliation, and cycle counts.
• Review controls for SOX compliance and internal controls.
• Prepare accurate costing for relocation and R&D models.
• Assess obsolescence, revaluation, and transfer pricing quarterly.

Skills

Costing

Budgeting

Accounting

SOX compliance

MFGpro

QAD

TM1

Education

Commerce graduate

ICWA/CA

Tools

MFGpro

MS Office

QAD

TM1

Job description

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.

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