Costing FP&A Executive

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Date: Apr 21, 2026

Location: Pune, IN

Company: AkzoNobel

About AkzoNobel

Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance the fabric of everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.

For more information please visit www.akzonobel.com

Job Responsibilities

Long Description

Costing run & error analysis

Execution: Execute the first cost run (CK40N) for RM, PM followed by subsequent costing runs for SEFI, FINI, ICD, SET, TRAD, Configured Materials, etc.
Error resolution: Perform early error resolution and ensure accurate marking of raw and packing prices.
Release: Schedule and manage the release of costing runs.

ICD Price conditions update & publish pricelist

Update: Updating ICD prices in Live environment & PIR in non-live ERP environment
Publish: Prepare & Publish ICD price lists to ensure ICD transactions at latest cost

Material Ledger run & error analysis:

Execution: Perform Material Ledger run for the relevant plants where ML is active
Error analysis: Understand the errors in ML, identify the drivers and take up for resolution

Inventory Reval Analysis:

Sync with RMP movements: Prepare SEFI/FINI/SET impacts in line with raw and packing price changes.

Review of other changes: Identify the other component Impact on Revaluation (e.g. BOM change, costing lot size change, etc.)

Report: Prepare the consolidated Inventory Revaluation report at BU Level.

Tariff Maintenance:

Maintenance: Update the tariff rates, perform thorough analysis, ensure accurate tariff being loaded on the products as approved by ISC Nav’s.

ICD Price Difference Analysis:

Analyze and report the price movements: In case of ICD materials, preparing a price difference file, conducting primary analysis, and updating all required details.

Material Master Review:

Review: Periodic review of Material Master for inconsistencies such as DNC, deletion flag, etc.
Flagging: To flag the material master issues to the relevant teams (MDM, plant technical team, etc.)
Correction: Follow ups for necessary corrections to ensure release of accurate cost of the products

Specialized costing Activities:

New Product Costing: Upon introduction of new product (after the completion of preceding steps by other stakeholders), officer is required to perform costing of the new product. Also, assess the cost basis the existing similar product and flag in case of any evident errors in the preceding steps.
Cost simulation: Perform the cost simulations basis Ad-hoc request and provide the cost to the stakeholder to assist them in processing the necessary changes in the product BOM/routing
Customized process: Conduct plant specific processes such as ZFKKPA1 and ZFTRP50 runs, including analysis and marking.
Daily NPI Tracking: Develop and maintain a daily NPI tracking report that includes detailed cost splits for review and analysis.

Control & Compliance:

Internal Audit: Support requirements towards Statutory and Internal Audit

Others: Adhere to control guidelines and checks

Short Description

CI & Digitization:

Improvement & Standardization: Enhance & standardize data & report for efficiency.
Efficiency: Eliminate, simplify, standardize, and automate outputs.
Horizontal Deployment: Share best practices and collaborate across BU.
Data Support: Provide data for new and existing project charters.
Learning & Development: Support continuous learning and CI culture within the team.
Harmonization: Develop SOPs, work instructions, and process maps to simplify workflows.
Organized Approach: Systematically store information for easy access.
Digitalization

Learn and leverage AI tools.
Identify digital innovation opportunities.
Streamline processes with digital assistance.
Train and support users in new technologies.

Training & Development:

Training: Impart training on various topics (such as Ind AS, use of AI, etc.) to other team members which strengthens team capabilities
Knowledge sharing: Conduct session and share knowledge within team and across region on process, business understanding, tools, SOP, workflow etc.
Self-help Tools: Prepare self-help tools that can be referred in future by finance community
Skill development: Leverage AkzoNobel’s internal learning programs for skill development

Other support (SOP, Workflow & training):

SOP & Standardization: Preparation of SOPs which helps smooth execution of the activities and handover / takeover in case of any transition
Ad hoc reports: To provide ad hoc reports to stakeholders which help them in their decision making (e.g. impact of VMC change through RMPI / change in BOM / routing, trend of top-down adjustments, etc.)

Financial Tools:

Understanding of tools: VMC CoE Team is expected to understand financial tools and critically evaluate how it can be best leveraged/enhanced for routine work.
System Improvement: Drive actions towards closure of gaps identified in system / conditions / process.
Current Trend: Tools like CFIN, Power BI, HFM, SAP, Alteryx is crucial for success of VMC CoE; associates are expected to work on these tools.