Cost Management Expert

4 days ago

Nellore, Andhra Pradesh, India beBeeFinancial Full time ₹ 15,00,000 - ₹ 21,00,000

Job Summary:

This role is responsible for overseeing the financial and cost management aspects of the organization.

The successful candidate will be a strategic thinker with strong analytical skills, able to develop and maintain accurate cost sheets and conduct detailed analysis of costs to identify opportunities for improvement.

Key responsibilities include:

  • Developing and maintaining accurate cost sheets for products/services
  • Conducting detailed analysis of costs to identify opportunities for cost savings and recommending optimization strategies
  • Tracking and updating costs for raw materials, labor, overhead, and other expenses in real-time
  • Collaborating with procurement and production teams to ensure cost efficiency in sourcing and manufacturing
  • Comparing actual costs with budgets/estimates and investigating variances to propose corrective actions

Business Finance:

The incumbent will also be responsible for preparing financial forecasts, budgets, and cash flow reports to support business planning, as well as providing insights on break-even analysis, pricing strategies, and margin improvement opportunities.

Additionally, they will support management in decision-making with detailed cost-benefit analysis for investments and projects, ensuring compliance with internal policies and external regulations related to finance and costing.

Reporting and Collaboration:

The ideal candidate will have excellent communication and interpersonal skills to interact with various stakeholders, presenting periodic cost analysis reports and financial insights to senior management.

They will work closely with the accounts team to ensure accurate accounting of costs and inventory, collaborating with cross-functional teams to enhance processes and achieve cost efficiency.

Qualifications:

Requirements for this position include:

  • MBA/CA or ICWA
  • Proven experience (5-7 years) in cost analysis, business finance, or management accounting
  • Strong proficiency in MS Excel and financial modeling tools
  • Familiarity with ERP systems (e.g., Pharmacloud)
  • Analytical mindset with attention to detail and the ability to interpret complex financial data
  • Excellent communication and interpersonal skills to interact with various stakeholders

Location: Mehemdabad

Reporting: DGM Finance - HO

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