Objectives of the function

To provide accurate, timely, and insightful financial analysis and reporting on key operational KPIs, material costs, and in-house parts costing. This role supports decision-making by delivering detailed cost evaluations, variance analyses, and trend reporting, ensuring alignment with the financial and operational goals. This role will drive cost transparency, identify cost-saving opportunities, and enhance the accuracy of cost allocations, enabling the organization to optimize its manufacturing operations and improve profitability

Responsibilities

• EI, MOD Business & Large Project Financial Controlling e.g. prepare and analyze all financial statements.
• Material Cost Budgeting and Variance Analysis. Monthly reporting of BU vs Actual Variance Analysis of: Recovery gap, Activity-rates, Overheads.
• Prepare monthly 3 months rolling material cost forecast.
• Inward & outward freight cost monitoring & controlling
• Evaluate each operational KPIs, and work with all stakeholders to achieve the KPI target.
• Monitor and implement plant internal controls (as per ON & SOPs) as necessary to ensure reporting integrity and identify risks
• Support Make or Buy, negotiation and relocation decisions
• Make Parts DPC Monitoring on monthly Basis
• Cost Center Creation, Create & Maintain Assessment Cycles (Annual/As required)
• Maintain Standard Cost and Perform Variance analysis.
• Planned/Actual Activity Rate Calculation and Overhead absorption variance analysis
• Maintain accuracy in transactions and records for inventory. Support annual physical inventory audit and monthly perpetual inventory system
• Lead the Capital Budgeting Process. Maintain a high-quality FAR, effectively manage the capitalization process in accordance with ON and WI.
• Maintain Cost records and cost audits to meet criteria, as outlined in the Companies (Cost Records and Audit) Rules.
• Update monthly/Quarterly Info Record in SAP etc.