Junior Costing Executive

3 weeks ago

Coimbatore, India Premier Fine Linens Full time

Position: Junior Executive Costing

Responsibilities:

  • Conduct cost analysis and prepare cost estimates for new and existing products, ensuring accuracy and adherence to established standards.
  • Prepare cost sheets / Validate cost sheets of all products, thoroughly understand the cost components and certify cost sheets.
  • Prepare cost details including standard costing for factory and initiate discussion, analyze standard cost and actual cost.
  • Analyze SAP costing & validate cost routings configured in SAP system.
  • Validate SAP BOM cost, Activity cost to ensure WIPs and FG are valued properly.
  • Collaborate with cross-functional teams to gather relevant data and information required for cost calculations.
  • Monitor and analyze actual costs against budgeted costs, identifying and investigating any discrepancies or variances.
  • Prepare and maintain cost report, providing management with insightful analysis and recommendations for cost optimization.
  • Assist in the development and implementation of cost control measures and procedures to enhance efficiency and profitability.
  • Conduct regular inventory audits, reconciling physical stock with system records and identifying any discrepancies.
  • Stay updated with industry trends and changes in costing methodologies, ensuring compliance with regulatory requirements.
  • Provide guidance and support to team members, fostering their professional growth and development.

Requirements:

  • A minimum of 0 to 3 years of experience in a similar role within a Textile Industry is preferable.
  • B.COM / M.COM / MBA (Finance) / CMA is preferred.
  • Knowledge/ Experience in SAP costing is an added advantage.
  • In-depth knowledge of cost accounting principles and methodologies in a Textile environment.
  • Proficient in using cost accounting software and MS Excel for data analysis and reporting.
  • Strong analytical and problem-solving skills, with the ability to interpret complex data and provide actionable insights.
  • Excellent attention to detail and accuracy, ensuring precise cost calculations and reporting.
  • Effective communication skills, both written and verbal, to collaborate with cross-functional teams and present findings to management.
  • Ability to work independently and meet tight deadlines in a fast-paced environment.
  • Strong organizational and multitasking abilities, prioritizing tasks effectively.

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