Senior Associate - Finance

Senior Associate – Finance

Location: Ambasamudram

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 speciality 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.

What you will do (Key Responsibilities): 

• Manage Standard costing revision, Actual cost and Variance analysis.
• Analyze cost drivers, identify inefficiencies and recommend cost saving initiatives.
• Continuous review of BOM & Routing and its updating
• Involve in FP&A activities viz., Planning, Cashflow forecast, Capex Proposals, Variance analysis including submission of Financial Bridges on time
• Make use of the Controlling module & Product Costing Module in SAP to monitor key areas.
• Provide Product Cost Information primarily to Commercial on a periodic basis with Margin analysis (Quarterly Replacement costs as well as periodic ad-hoc cost requests).
• Provide information to enable transfer pricing returns to be compiled and maintain cost records for cost audit.
• Conduct monthly reviews with Plant team on Variance analysis & Performance reporting with focus on conversion costs.
• Involve in Stock valuation process on need basis and Analyse Price and Factory Variances.
• Support statutory, tax and cost audits.

Who you are (Requirements):

• Qualified CMA/CA (Semi qualified with relevant experience may also be considered)
• Thorough understanding of costing principles with 1-2 years’ experience in costing function in a large manufacturing concern.
• Basic Knowledge of SAP / ERP system would be an added advantage.
• Strong Analytical skills.
• Good Interpersonal skills.
• Good Written and Oral communication is preferred.

Required Skills & Competencies

• Maintenance of data with relevant insights in a structured manner
• Provide key deliverables on time
• Knowledge in Power BI / other data tools is an added advantage
• Drive automation and process improvements in Costing & FP&A activities

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.