Chief Cost Optimization Specialist

1 day ago

Aurangabad, Maharashtra, India beBeeAccountant Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Job Title: Cost Accounting Manager

">Key Responsibilities:
  • Manage cost accounting functions to ensure accurate product costs, manufacturing overheads, and cost of goods sold (COGS).
  • Perform detailed cost variance analysis and provide recommendations for process improvements.
  • Develop standard costing systems to accurately allocate costs for materials, labor, and overheads.
Budgeting & Forecasting:
  • Prepare comprehensive cost budgets that align with financial goals and strategic objectives.
  • Regularly update forecasts based on business dynamics and collaborate 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 using appropriate costing methods.
  • Implement processes to minimize inventory obsolescence, improve turnover, and maintain accurate records.
Internal Controls & Compliance:
  • Ensure adherence to accounting standards and internal controls related to costing, inventory, and financial reporting.
  • Assist with audits by providing accurate and comprehensive costing and inventory data.
Process Improvement:
  • Continuously assess costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy.
Cross-Functional Collaboration:
  • Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting.

Qualifications & Requirements:

  • Education: Institute of Cost and Works Accountants (ICWA) certification required.
  • Experience: 8-10 years 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.
  • Skills: Strong knowledge of SAP environment, cost accounting principles, financial regulations, and reporting.

A proactive and results-driven professional committed to continuous improvement.

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