Strategic Cost Management Specialist

3 days ago

Mysore, Karnataka, India beBeeCosting Full time ₹ 1,20,00,000 - ₹ 2,00,00,000
Job Description

We are seeking a skilled Costing Professional to join our team.

The successful candidate will be responsible for managing the cost accounting function, ensuring accurate product costs, manufacturing overheads, and cost of goods sold (COGS).

Key responsibilities include:

  • Developing and maintaining standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads.
  • Preparing comprehensive cost budgets that align with the company's financial goals and strategic objectives.
  • Regularly updating and forecasting costs based on business dynamics, collaborating with key departments for timely inputs.
  • Monitoring expenditure against budgeted figures and taking corrective action where necessary.
  • Providing regular and detailed costing reports, including standard vs actual variance analysis and insights on cost trends.
  • Ensuring accurate inventory valuation for raw materials, work-in-progress (WIP), and finished goods using appropriate costing methods.

Additionally, the successful candidate will be responsible for implementing robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records.

They must also ensure adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting.

Responsibilities may also include assisting with internal and external audits by providing accurate and comprehensive costing and inventory data.

Required Skills & Qualifications

To succeed in this role, candidates must possess the following qualifications:

  • Education: Institute of Cost and Works Accountants (ICWA) certification is required.
  • CA
  • Experience: 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.
  • Advanced proficiency in Microsoft Excel, including macros.
  • Strong analytical and problem-solving abilities.
  • Ability to communicate complex financial data clearly to non-financial stakeholders.
  • Excellent organizational, time-management, and multi-tasking skills.

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