Chief Financial Strategist

1 day ago

Erode, Tamil Nadu, India beBeeCostManagement Full time ₹ 20,00,000 - ₹ 30,00,000
Job Title:

Cost Management Professional

As a seasoned Cost Management Professional, you will play a pivotal role in driving business growth and profitability through effective cost management. Your expertise in financial analysis, budgeting, and forecasting will be invaluable in helping our organization make informed decisions.

Key Responsibilities:

  • Develop and maintain accurate cost sheets for products/services, including direct and indirect cost components.
  • Conduct detailed analysis of costs to identify cost-saving opportunities and recommend optimization strategies.
  • Track and update costs for raw materials, labor, overhead, and other expenses in real-time.
  • Collaborate with procurement and production teams to ensure cost efficiency in sourcing and manufacturing.
  • Compare actual costs with budgets/estimates and investigate variances to propose corrective actions.

Financial Planning and Analysis

  • Prepare financial forecasts, budgets, and cash flow reports to support business planning.
  • Provide insights on break-even analysis, pricing strategies, and margin improvement opportunities.
  • Support management in decision-making with detailed cost-benefit analysis for investments and projects.
  • Ensure compliance with internal policies and external regulations related to finance and costing.

Reporting and Collaboration

  • Present periodic cost analysis reports and financial insights to senior management.
  • Work closely with the accounts team to ensure accurate accounting of costs and inventory.
  • Collaborate with cross-functional teams to enhance processes and achieve cost efficiency.

Qualifications

  • MBA/CA and ICWA or equivalent qualification.
  • Proven experience (5-7 years) in cost analysis, business finance, or management accounting.
  • Strong proficiency in MS Excel and financial modeling tools.
  • Familiarity with ERP systems.
  • Analytical mindset with attention to detail and the ability to interpret complex financial data.
  • Excellent communication and interpersonal skills to interact with various stakeholders.

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