
Chief Cost Optimization Specialist
3 days ago
- Strategic Cost Management & Analysis
- Oversee the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS).
- Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations to management for process improvements.
- Develop and maintain standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads.
- Prepare comprehensive cost budgets, ensuring they 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.
A proactive and results-driven individual with a commitment to continuous improvement.
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