Titan Company | TEAL-Accounting & Costing Executive

Responsibilities

• Preparation and release of standard product costing (BOM/routing validation, cost roll in SAP).
• Execution of costing run, WIP calculation, variance analysis, and order settlement in SAP CO-PC.
• Monitoring material, labour, and overhead variances with root cause analysis.
• Management of Cost Center Accounting (CCA) planning, budgeting, assessment, and distribution cycles.
• Handling internal orders – budget control and settlements.
• Support to Sales/BD for RFQ costing, pricing decisions, and margin validation.
• Review of inventory valuation (RM, WIP, FG) and production order reconciliation.
• Monitoring overhead absorption and FI–CO reconciliation during period-end closing.
• Preparation of manufacturing budgets, forecasts, and AOP cost inputs.
• Analysis of scrap, yield, and cost reduction initiatives with operations.
• Conducting make vs buy, break-even, and strategic cost analysis.
• Ensuring compliance with cost audit, statutory audit, and Ind AS/IFRS requirements.

Titan Company Limited

Titan began in 1984 as Titan Watches Limited, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), with Xerxes Desai as its founding managing director. Its watch factory was built at Hosur in Tamil Nadu, and J. R. D. Tata dedicated the complex in March 1988. The company was later renamed Titan Industries and, in 2013, Titan Company Limited. Besides watches under brands such as Titan, Fastrack, Sonata and Xylys, it sells jewellery through Tanishq, Mia, Zoya and CaratLane, prescription eyewear through Titan EyePlus, Skinn fragrances and Taneira women's ethnicwear. Titan is listed on the National Stock Exchange (TITAN) and BSE (500114); its registered office is in Hosur and its corporate office in Electronic City, Bengaluru. Its wholly owned subsidiary Titan Engineering & Automation Limited (TEAL), formerly Titan's precision engineering division, makes precision components and sub-assemblies for aerospace and defence customers at Hosur and builds automated assembly and testing lines for other manufacturers.

Its finance openings are in Bengaluru, Mumbai, Hosur and Chennai, and cover financial planning and analysis, indirect taxation, internal audit, mergers and acquisitions, regional commercial finance for the jewellery division and fixed asset accounting, while TEAL hires for accounting and costing roles in Hosur and Chennai. Most roles ask for a qualified Chartered Accountant, the costing role for a Cost Accountant (ICWA), and experience asked for ranges from two to ten years.

• Industry: Consumer lifestyle products: watches and wearables, jewellery (Tanishq, Mia, Zoya, CaratLane), eyewear, fragrances and ethnicwear; precision engineering and automation through its subsidiary TEAL
• Headquarters: Bengaluru, India (corporate office; registered office in Hosur, Tamil Nadu; listed on the NSE and BSE)
• In India: Corporate office in Electronic City, Bengaluru, registered office and watch factory in Hosur; subsidiary Titan Engineering & Automation Limited (TEAL) in Hosur