Chief Financial Operations Manager

Job Summary:

This role is responsible for leading the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS). The ideal candidate will have a strong background in costing management and financial analysis, with expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.

About You:

• Education:
• Institute of Cost and Works Accountants (ICWA) certification is required.
• CA
• Experience:
• Minimum 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment.
• Proven expertise in using ERP systems such as SAP, Oracle, or similar financial management software is highly desirable.
• 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.
• Personal Attributes:
• High attention to detail and accuracy.
• Strong communication, interpersonal, and leadership skills.

Your Responsibilities:

• Lead the development and maintenance of standard costing systems to ensure accuracy in cost allocation for materials, labor, and overheads.
• Prepare comprehensive cost budgets that align with the company's 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.
• 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.
• 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.
• Perform inventory revaluation.
• 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.
• Continuously assess costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy.
• Develop and integrate new systems or tools for better cost tracking, data analysis, and reporting.
• 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.

You'll be successful if you:

• Have a strong understanding of cost accounting principles and practices.
• Are proficient in using ERP systems such as SAP, Oracle, or similar financial management software.
• Have excellent analytical and problem-solving skills.
• Can communicate complex financial data clearly to non-financial stakeholders.

What We Offer:

We offer a dynamic and supportive work environment, opportunities for professional growth and development, and a competitive compensation package.

How to Apply:

Please submit your application, including your resume and cover letter, to [insert contact information].