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Cost Analyst
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Date: 21 Nov 2025
Location: IN
Company: Coats
Position Title: Cost Analyst
Location: Remote,India
Job 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, Qualifications 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
- Versatility – Ability to learn new areas
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.
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