Welspun Living Limited | Costing &MIS | Vapi

Welspun World; Vapi; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Welspun World in India seeks a seasoned Costing & Financial Analysis professional to lead cost accounting, budgeting, and reporting in textile production. You will drive cost optimization, analyze variances, and present actionable insights to senior management.

Ideal candidates bring extensive costing experience in spinning/yarn manufacturing, strong SAP/Excel skills, and the ability to coordinate across production, procurement, and finance teams.

Qualifications

• Experience in costing and financial analysis in textile manufacturing.
• Knowledge of SAP and Excel for reporting and analysis.
• Experience with budgeting, variance analysis, and cost optimization.

Responsibilities

• Oversee costing activities and analyze financial data to identify cost-saving opportunities.
• Prepare and analyze cost sheets, cost reports, and MIS.
• Develop and monitor budgets, forecasts, and actual-versus-budget performance.
• Analyze cost variances and recommend corrective actions to improve profitability.
• Monitor manufacturing costs, material consumption, and overheads.
• Ensure accurate financial records and compliance with accounting standards.
• Prepare and present financial reports and insights to senior management.
• Coordinate with production, procurement, and other departments for cost control.

Skills

Cost Accounting and Cost Analysis

Product and Manufacturing Costing

Cost Control and Cost Optimization

Budgeting and Variance Analysis

Financial MIS and Reporting

Financial Accounting and Statutory Com

SAP and MS Excel

Analytical and Problem-Solving Skills

Team Management and StakeholderCoord

Job description

Job Purpose

To oversee costing and financial analysis activities, ensuring accurate cost assessment, effective budgeting, cost optimization, and financial reporting to support business decisions and improve operational profitability.

2. Roles & Responsibilities

• Manage costing activities and analyze financial data to identify cost‑saving opportunities.
• Prepare, review, and analyze cost sheets, cost reports, and financial MIS.
• Develop and monitor budgets, forecasts, and actual‑versus‑budget performance.
• Analyze cost variances and recommend corrective actions to improve profitability.
• Monitor manufacturing costs, material consumption, production expenses, and overheads.
• Ensure accurate financial records and compliance with applicable accounting standards and statutory requirements.
• Prepare and present financial reports and actionable insights to senior management.
• Coordinate with production, procurement, and other departments for cost control and optimization.
• Use SAP, Excel, and other financial tools to improve reporting accuracy and operational efficiency.
• Support cost audits, financial audits, and compliance activities.
• Monitor changes in taxation laws and applicable financial regulations.
• Lead, guide, and develop team members to achieve departmental objectives.

3. Key Skills Required

• Cost Accounting and Cost Analysis
• Product and Manufacturing Costing
• Cost Control and Cost Optimization
• Budgeting and Variance Analysis
• Financial MIS and Reporting
• Financial Accounting and Statutory Compliance
• SAP and MS Excel
• Analytical and Problem‑Solving Skills
• Team Management and Stakeholder Coordination

4. Key Interactions

• Finance & Accounts
• Production and Manufacturing
• Procurement and Commercial Teams
• Financial Auditing
• Senior Management

5. Experience & Industry

• Experience: 38 years
• Preferred Industry: Textile & Apparel, particularly spinning and yarn manufacturing for candidates with relevant costing experience.