Product Costing & Standard Setting
• Develop, maintain, and update standard cost systems for a wide range of valves.
• Periodically review and update Bill of Materials (BOM) and routings to reflect current material prices and labor rates.
• Ensure accurate end-to-end product costing from raw materials (castings/forgings) to final assembly. Variance Analysis
• Conduct monthly variance analysis covering material price, material usage, labor efficiency, and overhead absorption.
• Investigate root causes for variances and present actionable insights to senior management. Inventory Management
• Oversee inventory valuation of Raw Materials, Work-in-Progress (WIP), and Finished Goods.
• Coordinate with Supply Chain and Operations for periodic physical stock verification.
• Perform reconciliation between physical stock and book records and investigate discrepancies.
• Manage provisions for slow-moving and obsolete inventory.
• Analyze yield loss, wastage, and inventory turnover to optimize working capital. Budgeting & Forecasting
• Lead the annual plant budgeting process and quarterly forecasting cycles.
• Develop financial models and “what-if” scenarios for new products and manufacturing process changes. Cost Reduction & Lean Manufacturing
• Identify inefficiencies across production lines and costing processes.
• Collaborate with Engineering and Production teams to implement cost-saving initiatives through value engineering and lean principles. Pricing Support
• Provide accurate and detailed cost structures to Sales and Marketing teams.
• Support techno-commercial offers and competitive bidding processes. Compliance & Audit
• Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
• Lead preparation and completion of annual cost audits as per the Companies Act.
• Maintain complete and accurate cost records for audit and regulatory purposes. Pricing Support
• Provide accurate and detailed cost structures to Sales and Marketing teams.
• Support techno-commercial offers and competitive bidding processes. Compliance & Audit
• Ensure compliance with Cost Accounting Standards (CAS), internal controls, and statutory requirements.
• Lead preparation and completion of annual cost audits as per the Companies Act.
• Maintain complete and accurate cost records for audit and regulatory purposes. Procure-to-Pay (P2P) Management
• Oversee Procure-to-Pay activities including PO verification and invoice processing.
• Ensure timely vendor payments, vendor reconciliations, and correct TDS deductions.
• Strengthen internal controls to prevent unauthorized payments. GST & Statutory Compliance
• Manage end-to-end GST compliance including GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C.
• Perform monthly reconciliations between books and GSTR-2B to maximize ITC eligibility. • Handle GST audits, notices, scrutiny, and appeals.
• Oversee E-invoicing and E-way bill compliance across registrations. • Manage import/export documentation and customs duty compliance, including HS code classification.
Team Management • Lead, mentor, and develop the finance and accounting team.
• Define KPIs, conduct performance reviews, and ensure workload distribution across AP, inventory, and compliance functions. • Act as a key liaison between Finance, Procurement, Supply Chain, Production, and Sales teams.
Skills Required
- Experience developing and maintaining standard costing systems for manufactured products
- Experience with Bill of Materials, routings, material costs, labor rates, and overhead absorption
- Experience conducting material, labor, usage, efficiency, and overhead variance analysis
- Experience with inventory valuation, physical stock reconciliation, and obsolete inventory provisions
- Experience leading plant budgeting, forecasting, and financial modeling
- Experience with cost reduction, value engineering, or lean manufacturing initiatives
- Experience supporting pricing, techno-commercial offers, and competitive bidding
- Knowledge of Cost Accounting Standards, internal controls, statutory requirements, and cost audits
- Experience overseeing procure-to-pay activities, vendor reconciliations, payments, and TDS deductions
- Experience managing GST compliance, GST reconciliations, audits, notices, scrutiny, and appeals
- Knowledge of e-invoicing, e-way bills, import/export documentation, customs duties, and HS code classification
- Experience leading, mentoring, and evaluating finance and accounting teams
What We Do
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers. Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy. Valmet's net sales in 2019 were approximately EUR 3.5 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.
