Cost Optimization Specialist

2 weeks ago


pune, India beBeeFinancial Full time

Cost AnalystThe role of the Cost Analyst involves managing and analyzing financial data to optimize business performance.Key Responsibilities:Transition of business unit costing activities to a centralized functionResponsible for product costing activities performed within the enterprise resource planning system (ERP) for the markets that have costing activities centralizedEstablish process for analysis of variances (Price & Factory)Provide business insights including actionable items to reduce variances compared to established standardsSupport and guidance for inventory valuationPrincipal Accountabilities and Key Activities:Single point contact for ERP product costingIndependently handle entire product costing activities on ERPRegular review of materials that are pending for cost release and liaison with markets for timely update of standard costsEnd-to-end support for the release of standard costs following established methodology for standard cost calculationOperational Analysis:Analyze procurement transactions and identify the cause for price varianceReview exceptions and abnormal variances and liaison with markets to take corrective actionFactory variance analysis and consolidationMonth Close Activities:Review of gross stocks and reports that provide value of gross stock based on accounting policyCalculate variance to be calculated based on accounting policiesAdherence to standard methodology for calculation of provisions and bring improvements in process as requiredAd hoc Business Support:Deep dives into transactions and processes to identify issues that may be present and provide solutions for such issuesValidation of dashboards and reportsProvide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation



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