Talent.com
Cost Analyst

Cost Analyst

CoatsDelhi, IN
5 hours ago
Job description

About the job

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.

Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and specialty threads.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.

Following the acquisition of Texon and Rhenoflex, new Coats Footwear now has a complete range of footwear components to meet your needs, from heel counters to toe puffs and everything in-between. Through our technologically diverse product portfolio, we can cater to both current and future trends, setting new standards in the process, turning customer ideas into a reality and accelerating sustainability.

Headquartered in the UK, Coats

  • connects talent, textiles, and technology to make a better and more sustainable world.

For more info, visit our website : www.coats.com

Role Purpose

  • Transition of BU level costing activities to finance CoE
  • Responsible for product costing activities performed with in the ERP system (SAP) for the markets that have costing activities centralised
  • Establish process for analysis of variances (Price & Factory) and provide business insights including actionable items to reduce variances compared to established standards
  • Provide support and guidance for inventory valuation. This covers activities including calculation of capitalized variances and stock provisions
  • Liaise with technology teams to resolve issues in processes or reports
  • Perform ad hoc analysis as may be required including deep dives to identify issues
  • Validate dashboards and reports relating to inventory, procurement and factory performance
  • Support any group project that may require centralised costing support

    • Principal Accountabilities and Key Activities

    Single point contact for SAP product costing

  • Independently handle entire product costing activities on SAP.
  • Regular review of materials that are pending for cost release and liaise with markets for timely update of standard costs.
  • End to end support for the release of standard costs following established group methodology for standard cost calculation
  • Conduct reviews to ensure the accuracy of the standard costs
  • Review and validate master data components that have impact on product costing such as Bill of Materials, Routings, Costing Lot Size and Procurement Keys

    • Operational Analysis

  • Analyze procurement transactions and identify the cause for price variance
  • Review exceptions and abnormal variances and liaise with markets to take corrective action
  • Factory variance analysis and consolidation
  • Develop reports that provide insights into price and factory variances

    • Month Close Activities

  • Review of gross stocks and reports that provide value of gross stock based on group accounting policy
  • Calculate variance to be calculated based on group policies
  • Adherence to standard methodology for calculation of provisions and bring improvements in process as required

    • Ad hoc business support

  • Deep dives into transactions and processes to identify issues that may be present and provide solutions for such issues
  • Validation of dashboards and reports
  • Provide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation

    • Liaise with technology teams in resolution of issues with reports and processes

    Education, Qualification and Experience :

    Essential :

  • Certified / Qualified Accountant : An accountant certified by a professional accounting body (Chartered accountant or Cost and Management Accountant)
  • University Degree
  • A minimum of eight years of post-qualification work experience with a manufacturing organisation
  • Minimum of six years hands on experience with SAP product costing and end to end process knowledge
  • Knowledge on SAP MM and PP modules. Must have experience on how the non-financial information impacts costing.
  • Must have thorough understanding of SAP CO module and process flow for product costing and fixing errors in costing and transaction processing.
  • Experience with analysis of variances
  • Ability to communicate effectively with stakeholders (oral and written)
  • Ability to work independently or within a team environment and with multiple priorities.
  • Proficiency with spreadsheet applications (excel) and reporting and analysis tools (BW, BCS, Lumira etc.)

    • Desirable

  • Self-motivated
  • Collaboration in a remote work environment
  • Analytical and logical thinking skills
  • Focus on quality without sacrifice of time
  • Self-learning ability
  • Flexibility with time and scope of work

    • At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.

    Apply now to be part of our dynamic team and help shape the future of textiles.

    Create a job alert for this search

    Analyst • Delhi, IN

    Related jobs
    • Promoted
    • New!
    Cloud Cost Optimization Engineer

    Cloud Cost Optimization Engineer

    techjaysDelhi, IN
    What makes Techjays an inspiring place to work.At Techjays, we are driving the future of artificial intelligence with a bold mission to empower businesses worldwide by helping them build AI solutio...Show moreLast updated: 5 hours ago
    • Promoted
    Cost Management Specialist

    Cost Management Specialist

    OZONE PHARMACEUTICALS LIMITEDDelhi, Republic Of India, IN
    OPL) is one of India’s fastest-growing pharmaceutical companies with a strong presence in domestic and international markets. With over 2,400 employees across corporate offices, field teams, factori...Show moreLast updated: 30+ days ago
    • Promoted
    Cost Accountant

    Cost Accountant

    OZONE PHARMACEUTICALS LIMITEDDelhi, Republic Of India, IN
    OPL) is one of India’s fastest-growing pharmaceutical companies with a strong presence in domestic and international markets. With over 2,400 employees across corporate offices, field teams, factori...Show moreLast updated: 30+ days ago
    • Promoted
    • New!
    Cost Analyst

    Cost Analyst

    CoatsGhaziabad, IN
    Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to cr...Show moreLast updated: 5 hours ago
    • Promoted
    • New!
    Cost Engineer

    Cost Engineer

    GLOBE CONSULTANTDelhi, IN
    A renowned Oil and Gas company of Saudi Arabia is looking for Cost Engineers.We are seeking a detail-oriented and analytical Cost Engineer to manage project cost estimation, budgeting, and cost con...Show moreLast updated: 5 hours ago
    • Promoted
    Project Cost Analyst

    Project Cost Analyst

    AKM GlobalDelhi, Republic Of India, IN
    Required Experience and Skills.Strong knowledge of accounting principles and project accounting practices.Excellent reconciliation and financial control skills. Experience in pricing, costing, or bi...Show moreLast updated: 30+ days ago
    • Promoted
    Cost Manager

    Cost Manager

    ConfidentialDelhi
    We are seeking an experienced Cost Manager to join our team in India.The ideal candidate will be responsible for overseeing and managing the cost control processes for our projects, ensuring that b...Show moreLast updated: 30+ days ago
    • Promoted
    Medtronic - Compensation Analyst

    Medtronic - Compensation Analyst

    Medtronic (Medtronic)(279)Gurgaon, India
    Description : At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all.Youll lead with ...Show moreLast updated: 24 days ago
    • Promoted
    Oracle Costing Specialist

    Oracle Costing Specialist

    Jade GlobalDelhi, IN
    Remote
    Description : Job Title : Oracle Costing Specialist Position : Onshore / Offshore <...Show moreLast updated: 30+ days ago
    • Promoted
    Cost Controls Specialist

    Cost Controls Specialist

    ConfidentialGurgaon / Gurugram
    Essential Qualifications and Education : .Bachelor s degree in Business, Finance, Engineering, Construction Management, or related fields or. Must know about earned value systems.Problem-solving Attit...Show moreLast updated: 30+ days ago
    • Promoted
    Fraud & Payments Risk Analyst - 50820

    Fraud & Payments Risk Analyst - 50820

    TuringDelhi, Delhi, India
    About Turing : Based in San Francisco, California, Turing is the world's leading research accelerator for frontier AI labs and a trusted partner for global enterprises deploying advanced AI systems...Show moreLast updated: 11 days ago
    • Promoted
    Miles Analyst

    Miles Analyst

    DBiz.aiDelhi, India
    We are seeking a skilled professional with strong functional and technical expertise in the Miles application.The ideal candidate will have hands-on experience across various modules, be proficient...Show moreLast updated: 3 days ago
    • Promoted
    Project Cost Analyst

    Project Cost Analyst

    Navair International Ltd.Delhi, Republic Of India, IN
    Job Title : Billing Engineer – Fire Door Installation.Fire Door Manufacturing & Installation.Bike Mandatory for Site Visits. We are looking for a dynamic and responsible.The role involves managing da...Show moreLast updated: 1 day ago
    • Promoted
    Cost Engineer

    Cost Engineer

    ConfidentialGurugram, Gurgaon / Gurugram, India
    Produce cost estimates for components and assemblies within the Smiths portfolio using the relevant software system (currently aPriori). Contribute to benchmark market data used in the software syst...Show moreLast updated: 20 days ago
    • Promoted
    Quant Analyst

    Quant Analyst

    ConfidentialDelhi, India
    Quantitative Analyst : Hillroute Capital.Hillroute Capital is a regulated quantitative hedge fund specializing in global digital asset trading. We leverage sophisticated quantitative methodologies an...Show moreLast updated: 2 days ago
    • Promoted
    Collection Analyst

    Collection Analyst

    ConfidentialDelhi, India
    Support for credit team processing and clearing of orders, keep track of cheques collected by sales team or sent by customers ensuring they are properly accounted and allocated and the overall main...Show moreLast updated: 20 days ago
    • Promoted
    Cost Analysis and Reporting Lead

    Cost Analysis and Reporting Lead

    OZONE PHARMACEUTICALS LIMITEDDelhi, Republic Of India, IN
    OPL) is one of India’s fastest-growing pharmaceutical companies with a strong presence in domestic and international markets. With over 2,400 employees across corporate offices, field teams, factori...Show moreLast updated: 5 days ago
    • Promoted
    Senior Cost Specialist

    Senior Cost Specialist

    ConfidentialGurugram, India
    Relocation Authorized : National - Family.Telework Type : Full-Time Office / Project.Extraordinary teams building inspiring projects : . Differentiated by the quality of our people and our relentless drive ...Show moreLast updated: 3 days ago