Chief Cost Optimization Specialist

1 day ago

Kota, Rajasthan, India beBeeCostAccounting Full time ₹ 80,00,000 - ₹ 1,25,00,000
Key Costing Manager Responsibilities:

Manage and analyze costs to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS). This includes detailed variance analysis, identifying opportunities for cost reduction, and providing recommendations for process improvements.

  • Develop and maintain standard costing systems to ensure accuracy in cost allocation for materials, labor, and overheads.
  • Prepare comprehensive 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.
Cost Reporting and Insights:
  • 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 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.
Process Improvement:
  • 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.
Qualifications & Requirements:
  • Education:
  • 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 managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
  • Skills:
  • Strong knowledge of 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.
  • Ability to work independently and as part of a collaborative team in a fast-paced environment.

Results-driven with a commitment to continuous improvement.

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