
Senior Cost Management Specialist
10 hours ago
As a seasoned Cost Management Specialist, you will be responsible for leading our cost accounting function with expertise and precision.
Key Responsibilities:
Cost Optimization- Develop and implement strategic cost management plans to ensure accurate calculation of product costs and manufacturing overheads.
- Conduct thorough cost variance analysis to identify opportunities for reduction and provide actionable recommendations to stakeholders.
- Create comprehensive cost budgets that align with organizational financial goals and objectives.
- Regularly update and forecast costs based on business dynamics, collaborating with key teams for timely inputs.
- Provide detailed costing reports, including standard vs actual variance analysis and insights on cost trends.
- Present findings to senior leadership, highlighting key cost drivers and offering recommendations for improvement.
- Ensure accurate inventory valuation for raw materials, work-in-progress, and finished goods using optimal costing methods.
- Implement robust processes to minimize inventory obsolescence, improve turnover rates, and maintain accurate records.
- Maintain adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting.
- Assist with internal and external audits by providing accurate and comprehensive costing and inventory data.
- Continuously assess costing methods and accounting processes to identify areas for enhancement and implement improvements for increased efficiency and accuracy.
- Develop and integrate new systems or tools for better cost tracking, data analysis, and reporting.
Requirements:
- 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment.
- Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
- Experience with ERP systems such as SAP, Oracle, or similar financial management software is highly desirable.
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