Costing Head Full Time NEW

Designation

Costing Head – Costing & MIS

Department

Finance & Accounts

Location

Corporate Office, Hyderabad

Reporting to

CFO

Qualification & Exp.

CMA/CA with 12+ yrs of Post Qualification experience in Sugar Industries / Manufacturing Industries with multi-unit operations having various By Products

KEY RESPONSIBILITIES:

Product Costing (Integrated Operations):

• Prepare and maintain process-wise and product-wise costing for:
• Sugar (plantation to production)
• By-products (molasses, bagasse, press mud)
• Distillery products (ethanol, ENA, rectified spirit)
• Power (co-generation using bagasse/other fuels)
• Develop integrated cost models considering inter-unit transfers (e.g., molasses → distillery, bagasse → power)
• Ensure accurate cost allocation across all by-products

By-product & Revenue Optimization:

• Analyze profitability of by-products vs internal consumption
• Support decisions like:
• Sell vs use bagasse for power generation
• Molasses diversion to ethanol vs sale
• Track and improve realization per tonne of cane crushed

Cost Control & Efficiency Monitoring:

• Monitor key operational metrics such as:
• Recovery % (sugar)
• Distillery yield (litres per tonne of molasses/grain)
• Steam and power consumption efficiency
• Conduct variance analysis (cane cost, process losses, conversion costs)
• Identify and drive cost reduction initiatives across plants

Cane Costing & Pricing Support:

• Analyze cane procurement cost (FRP/SAP impact)
• Evaluate impact of government pricing policies on margins
• Support management in cane price planning and farmer payments strategy

Budgeting & Forecasting:

• Support preparation of annual budgets and rolling forecasts
• Track actuals vs budget and provide actionable insights
• Coordinate with plant and procurement teams for realistic planning

Inventory & Valuation:

• Ensure accurate valuation of:
• Sugar stock (including levy/free sale if applicable)
• Molasses, bagasse, ethanol inventory
• Handle complexities of season-end stock valuation
• Monitor obsolete or slow-moving inventory

MIS & Reporting:

• Provide detailed MIS including:
• Segment-wise profitability (Sugar / Distillery / Power)
• Product-wise contribution margins
• Unit-wise performance benchmarking
• Support pricing decisions for ethanol and power supply agreements

Internal Controls & Compliance:

• Strengthen costing-related internal controls
• Support audits (internal, statutory, cost audit)
• Ensure compliance with Indian Accounting Standards (Ind AS) and cost audit requirements

Cross-functional Coordination:

• Work closely with:
• Cane development team
• Plant operations (sugar, distillery, power)
• Marketing and regulatory teams
• Act as a business partner to plant heads and management

Key Skills & Competencies:

• Strong understanding of cost accounting and manufacturing processes
• Expertise in SAP S/4 HANA
• Analytical mindset with attention to detail
• Ability to influence plant teams and drive cost discipline
• Good communication and presentation skills