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SAP CO (FICO) Consultant

Experience: 8–10 Years

Role: SAP CO (FICO) Consultant – Offshore Resource

Employment Type: Full-Time

Job Summary

We are looking for an experienced SAP CO (FICO) Consultant with strong functional expertise in Product Cost Controlling (CO-PC), Material Ledger, Actual Costing, Project Systems (PS), and Revenue Recognition.

The candidate will support the design, configuration, implementation, and ongoing maintenance of SAP Controlling processes, with a strong focus on product costing, actual labor costing, project profitability, WIP, settlement, and revenue recognition for engineering and construction projects. The role will involve close collaboration with onshore teams, SAP PS, FI, and PA resources.

Key Responsibilities

SAP CO / Product Costing

• Design, configure, and support SAP CO processes with a strong focus on Product Cost Controlling (CO-PC).
• Configure and maintain Material Ledger and Actual Costing processes.
• Support standard costing, actual costing, and cost component structures.
• Perform and analyze variance calculations, including:
• Purchase Price Variances (PPV)
• Production Variances
• Material and Activity Variances
• Support period-end closing activities related to CO-PC and Material Ledger.
• Analyze costing issues and provide functional solutions.

Actual Labor Costing & Cost Center Accounting

• Configure and support actual labor costing for project-based engineering and construction activities.
• Configure activity types, cost centers, activity rates, and rate calculations.
• Support labor cost allocation and project cost tracking.
• Analyze actual versus planned labor costs and identify cost variances.
• Ensure accurate integration of labor costs across CO and Project Systems.

Project Costing & Revenue Recognition

• Work closely with SAP PS teams to support project-based costing and profitability reporting.
• Implement and maintain Revenue Recognition using Results Analysis (RA) methods, including:
• Percentage of Completion (POC)
• Cost-based methods
• Revenue-based methods
• Configure and support Work in Progress (WIP) calculation and settlement.
• Support project revenue recognition, cost recognition, and profitability reporting.
• Troubleshoot RA, WIP, settlement, and project profitability reconciliation issues.

Integration & S/4HANA

• Maintain integration points between CO, PS, FI, and PA (Profitability Analysis).
• Ensure accurate flow of costs and revenues across integrated SAP modules.
• Work with SAP S/4HANA architecture, including a strong understanding of the Universal Journal (ACDOCA).
• Support S/4HANA implementations and migration activities involving CO, Material Ledger, and costing.
• Analyze and resolve integration and posting issues across modules.

Implementation & Support

• Participate in full lifecycle SAP implementations and major S/4HANA migration projects.
• Gather business requirements and translate them into SAP CO functional solutions.
• Prepare functional specifications, configuration documentation, test scripts, and process documentation.
• Perform configuration, unit testing, integration testing, and support UAT.
• Troubleshoot production issues and provide timely functional resolutions.
• Support period-end and year-end closing activities.
• Collaborate with onshore teams and offshore functional/technical resources.
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Required Qualifications & Skills

• 7 –12 years of overall SAP CO/FICO experience with strong functional expertise.
• Strong hands-on experience in Product Cost Controlling (CO-PC).
• Strong experience with Material Ledger and Actual Costing.
• Experience with standard costing and variance analysis.
• Deep understanding of:
• Purchase Price Variances
• Production Variances
• WIP
• Settlement
• Period-end closing
• Strong experience in actual labor costing, activity types, cost centers, and rate calculations.
• Hands-on experience with Results Analysis (RA) and Revenue Recognition.
• Good understanding of project-based costing and profitability.
• Strong knowledge of SAP S/4HANA architecture and ACDOCA.
• Experience integrating CO with FI, PS, and PA.
• Strong analytical and troubleshooting skills.

Project Experience

• Minimum 2 full lifecycle SAP implementations or major S/4HANA migration projects.
• Projects should include significant experience with Material Ledger, Standard Costing, and/or Actual Costing.
• Experience supporting engineering, construction, or other project-based industries is highly desirable.

Preferred Skills

• Experience with SAP S/4HANA Finance and Controlling.
• Knowledge of SAP Project Systems (PS).
• Experience with SAP Profitability Analysis (CO-PA).
• Experience in engineering and construction project environments.
• Exposure to SAP Fiori and S/4HANA reporting.
• SAP CO/FICO certification is an advantage.

Education

• Bachelor's or Master's degree in Accounting, Finance, Information Systems, Computer Science, Engineering, or a related discipline.

Key Competencies

• Strong functional and analytical capabilities.
• Excellent problem-solving and troubleshooting skills.
• Strong communication and stakeholder management skills.
• Ability to work effectively with onshore and offshore teams.
• Ability to manage multiple priorities in a project and support environment.
• Strong understanding of business processes and financial controls.

• 3+ years experience in strategic sourcing, supply chain management or supplier management
• Bachelor’s degree - BE/ BTech
• Experience in supplier negotiations
• Understanding technical requirements and translating them to business/ sourcing parameters is a must
• Smart, creative thinker and problem-solver, fast learner, with demonstrated initiative
• Willingness to adapt to fast changing situations encountered in startups
• Strong writer and communicator, excellent listener, with superior sales skills and comfort regularly interacting with strangers

• MBA from a reputed college
• Experience in consumer electronics and good understanding of electronics manufacturing
• Prior experience in setting up sourcing programs, supplier management scorecards and dashboards