Costing Professional

5 days ago

Chandigarh, Chandigarh, India beBeeCosting Full time ₹ 20,00,000 - ₹ 25,00,000

A key member of the finance team, a Costing Manager plays a crucial role in driving business profitability by analyzing and optimizing product costing and operational processes.

Key Responsibilities
  • Cost Analysis:
    • Collects, classifies, and analyzes cost information for products and services to understand actual costs and variances from standard costs.
  • Standard Cost Development:
    • Establishes and maintains standard costs for materials, labor, and overhead in the accounting system.
  • Budgeting & Forecasting:
    • Assists in the development and maintenance of annual budgets and forecasts, and prepares detailed cost reports.
  • Variance Analysis:
    • Analyzes actual costs against budgeted or standard costs to explain differences (variances) and identify areas for improvement.
  • Profitability Analysis:
    • Evaluates the profitability of products, services, and business processes to inform strategic pricing and decision-making.
  • Inventory Management:
    • Monitors inventory levels, performs stock counts, and values inventory.
  • Process Improvement:
    • Recommends changes to operational and financial processes to reduce costs and increase efficiency.
  • Reporting:
    • Prepares financial and management reports to provide insights into the company's cost performance and financial standing.
  • Compliance:
    • Ensures accuracy of cost accounting data and compliance with accounting standards.

Qualifications

  • A Bachelor's degree in B.Com/M.Com / Accounting, Cost Accounting
  • 10-15 years' of costing experience in a manufacturing setup
  • Strong verbal or written communication skills

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