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Assistant Costing Manager

4 weeks ago

Mumbai, India Ashish Life Science Full time

Role & responsibilities

  • Collect, analyze, and report on cost accounting data, including production costs, labour, raw materials, overheads, and other operational expenses.
  • Inventory valuation
  • Maintenance of costing and pricing module in System
  • Generation of price list on a quarterly basis
  • Prepare and maintain standard cost reports, conduct variance analysis (comparing actual costs to standard/budgeted costs), and identify discrepancies.
  • Generate periodic (Monthly, quarterly, annual) cost forecasts and budgeting reports for the company and individual departments/business units.
  • Prepare & review of plant & Subsidiary MIS
  • Analyze and report on profit margins for various products.
  • Preparation of product costing of new formulation and updating of existing on timely manner
  • Review of cost and assist Business development team for price revision on timely manner
  • Research and analyze material costs, production processes, and operational expenditures to identify cost-saving opportunities and recommend solutions.
  • Continuously monitor and improve accounting processes and systems to streamline and enhance the accuracy and efficiency of financial reporting.
  • Provide ad-hoc financial analysis and detailed reports as required by management.
  • Proactively identify opportunities for process enhancements, automation of cost calculations, and implementation of tools to streamline cost reporting procedures.
  • Provide financial insights and recommendations to improve operational efficiency and profitability.
  • Stay updated with industry trends, cost optimization strategies, and advanced cost accounting methodologies.
  • Assist with financial analysis and forecasting for new projects, investments, or business opportunities.

Preferred candidate profile

  • Work experience in cost accounting or a similar role for 5-8years.
  • Proficiency in accounting software Tally and ERP systems.