Senior Financial Analyst

4 days ago

Dombivli, Maharashtra, India beBeeCosting Full time ₹ 20,00,000 - ₹ 25,00,000

Job Opportunity

Our organization seeks an experienced Costing Specialist to oversee the accounting of costs, product pricing, and cost management.

Key Responsibilities:

  • Cost Management & Analysis
  • Manage costing systems, ensuring accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS).
  • Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations 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, aligning with financial goals and strategic objectives.
  • Regularly update and forecast costs based on business dynamics, collaborating with key departments for timely inputs.
  • Monitor expenditure against budgeted figures and take corrective action where necessary.
  • 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.
  • Cross-Functional Collaboration
  • Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting.
  • Provide cost insights for pricing decisions, product profitability analysis, and overall business strategy.

Qualifications & Requirements:

  • Education: Institute of Cost and Works Accountants (ICWA) certification is required.
  • Experience: Minimum 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment.
  • Skills:
  • Strong knowledge of SAP environment, cost accounting principles, financial regulations, and reporting.
  • 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.

A proactive individual with strong attention to detail, excellent communication skills, and ability to work independently or as part of a team.

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