Senior Cost Analyst Position

7 hours ago

Mumbai, Maharashtra, India beBeeAccounting Full time ₹ 37,50,000 - ₹ 45,00,000

Cost Accounting Specialist Opportunity

Job Summary:

We are seeking a skilled Cost Accounting Specialist to join our team. The ideal candidate will have expertise in managing costing systems, preparing budgets, and performing variance analysis.

  • Key Responsibilities:
  • Oversee the cost accounting function to ensure accurate calculation of product costs.
  • Perform detailed cost variance analysis to identify cost reduction opportunities.
  • Develop and maintain standard costing systems 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.
  • 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.
Requirements:

To be considered for this role, you must have:

  • A strong background 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.
  • Advanced proficiency in Microsoft Excel, including macros.
  • Strong analytical and problem-solving abilities.
  • Ability to communicate complex financial data clearly to non-financial stakeholders.
Benefits:

This is an opportunity for a proactive and results-driven individual who is committed to continuous improvement.

Additional Information:

The successful candidate will be responsible for ensuring accurate inventory valuation for raw materials, work-in-progress (WIP), and finished goods using appropriate costing methods. They will also implement robust processes to minimize inventory obsolescence and improve inventory turnover.

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