Logo of Huzzle

Home

Matches

Explore

Manage

Support Cost Control

image

Aditya Birla Group

Jan 21

Applications are closed

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy

Requirements

  • Proficiency in ERP systems and cost control tools (e.g., SAP, Oracle).
  • Advanced Excel skills (pivot tables, vlookup, index-match etc.).
  • Strong understanding of budgeting frameworks, WBS, and financial reporting standards.

Responsibilities

  • Budget Management:
  • Develop and allocate budgets for project packages based on requirements and milestones.
  • Establish tracking numbers and Work Breakdown Structure (WBS) for accurate financial reporting.
  • Monitoring and Reporting:
  • Track budgets allocated for packages, monitor actual expenses/orders, and analyze cost overruns or savings.
  • Prepare monthly financial reports, including budget variance analysis.
  • Ensure timely updates on cost performance and forecasts to stakeholders.
  • Rolling Projections and Planning:
  • Collaborate with the finance team to study project needs and prepare rolling financial projections.
  • Coordinate with stakeholders to ensure accurate data collection for future planning.
  • Provide timely updates on anticipated costs to improve decision-making and resource allocation.
  • Billing and Provisions Management:
  • Track and compile in-process bills to ensure accurate financial provisions are made for the months.
  • Reconcile and validate pending bills, ensuring proper documentation for all transactions.
  • Work with the procurement and accounts teams to address discrepancies in payment processes.
  • Coordination and Documentation:
  • Collaborate with project teams, procurement, and accounts to compile financial data and requirements.
  • Draft and review approval notes for budget reallocations and additional expenses.
  • Payment Tracking:
  • Track payment milestones and follow up to ensure timely disbursements and cost adjustments.
  • Forecasting and Analysis:
  • Conduct financial projections using inputs from various stakeholders.
  • Identify cost-saving opportunities and propose strategies for financial optimization.

FAQs

What are the primary responsibilities of the Support Cost Control role?

The primary responsibilities include budget management, monitoring and reporting on expenses, rolling projections and planning, billing and provisions management, coordination and documentation, payment tracking, and forecasting and analysis.

What skills are required for this position?

Proficiency in ERP systems and cost control tools (such as SAP and Oracle), advanced Excel skills (including pivot tables and vlookup), and a strong understanding of budgeting frameworks, Work Breakdown Structure (WBS), and financial reporting standards are required.

How often are financial reports prepared?

Monthly financial reports are prepared, which include budget variance analysis for ongoing projects.

Who do I collaborate with in this role?

You will collaborate with project teams, the finance team, procurement, accounts teams, and various stakeholders to compile and analyze financial data.

What is the process for handling cost overruns?

Cost overruns are monitored regularly, and analyses are conducted to identify causes and propose strategies for financial optimization. This information is then reported to stakeholders for informed decision-making.

Is there a focus on cost-saving opportunities in this role?

Yes, identifying cost-saving opportunities is a key part of the role, along with proposing strategies for financial optimization.

What tools will I use in this position?

You will use ERP systems and cost control tools, as well as advanced Excel for creating and analyzing financial reports.

How is budget allocation determined for project packages?

Budgets for project packages are developed and allocated based on project requirements and milestones, established tracking numbers, and a comprehensive Work Breakdown Structure (WBS).

What is the significance of rolling projections in this role?

Rolling projections are significant as they help in studying project needs and preparing future financial forecasts, enabling better decision-making and resource allocation.

Are there opportunities for professional development in this position?

Yes, there are opportunities for professional development, including gaining expertise in financial management tools and methodologies, as well as exposure to cross-functional collaboration.

image

Aditya Birla Group

Manufacturing & Electronics
Industry
10,001+
Employees

Mission & Purpose

We are Big In Your Life. A journey like no other. Offering innovative products and services, reaching out to millions globally, adding value and adding purpose. As a global industrial powerhouse, we impact millions of lives daily. A global conglomerate, Aditya Birla Group is in the League of Fortune 500, anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities across 41 countries. We are Big In Your Life through a myriad of offerings, from aluminium beverage cans to construction materials, fashion wear, tyres and plastics, voice and data services, and much more. Our seven decade-long growth journey is underpinned by our philosophy of responsible business practices and stakeholder value creation. Today, Aditya Birla Group businesses are global powerhouses across sectors such as metals, pulp and fibre, chemicals, textiles, carbon black, telecom and cement. Our overseas operations across North America and South America, Europe, Africa and Asia account for 50% of the Group's revenues. We are an employer of choice and were named the 'AON Best Employer in India' for 2018 - the third time in the last seven years.

Get notified when Aditya Birla Group posts a new role

Get Hired with Huzzle

Discover jobs with AI-powered precision. Autofill and track applications, create tailored resumes, and find the best opportunities across the web – all by simply chatting.

Already have an account?