Financial Strategist

8 hours ago

Varanasi, Uttar Pradesh, India beBeeCost Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Job Title: Cost Manager

As a cost professional, you will be responsible for overseeing the financial management function to ensure accurate calculation of product costs and profitability.

The key responsibilities include:

  • Cost Optimization & Analysis:
  • Perform detailed cost variance analysis, identify areas for cost reduction, and provide recommendations to senior management for process improvements.
  • Develop and maintain standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads.
  • Budgeting & Forecasting:
  • Prepare comprehensive cost budgets, ensuring they align with the company's financial goals and strategic objectives.
  • Regularly update and forecast costs based on business dynamics, collaborating with key departments for timely inputs.
  • Cost Reporting:
  • Provide regular and detailed costing reports, including standard Vs Actual variance analysis and insights on cost trends.
  • Present findings to senior management, highlighting key cost drivers and offering actionable recommendations for improvement.
  • Inventory Management:
  • Ensure accurate inventory valuation for raw materials, work-in-progress (WIP), and finished goods using appropriate costing methods.
  • Implement robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records.
  • Internal Controls & Compliance:
  • Ensure 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.

The ideal candidate will have:

  • Minimum 8-10 years of experience in cost accounting, financial analysis, or a related field.
  • Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
  • Experience in using ERP systems such as SAP or Oracle is highly desirable.

You should possess strong analytical and problem-solving abilities, with excellent communication, interpersonal, and leadership skills. The ability to work independently and as part of a collaborative team in a fast-paced environment is essential.

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