
Senior Cost Management Professional
1 day ago
Key Responsibilities:
- Develop, maintain and optimize accurate cost sheets for products/services, encompassing direct and indirect cost components.
- Conduct detailed analysis of costs to identify opportunities for cost reduction and propose strategies for optimization.
- Track and update costs for raw materials, labor, overhead, and other expenses in real-time.
- Collaborate with procurement and production teams to ensure cost efficiency in sourcing and manufacturing.
- Compare actual costs with budgets/estimates and investigate variances to propose corrective actions.
Financial Planning and Forecasting:
- Prepare financial forecasts, budgets, and cash flow reports to support business planning.
- Provide insights on break-even analysis, pricing strategies, and margin improvement opportunities.
- Support management in decision-making with detailed cost-benefit analysis for investments and projects.
- Ensure compliance with internal policies and external regulations related to finance and costing.
Reporting and Collaboration:
- Present periodic cost analysis reports and financial insights to senior management.
- Work closely with the accounts team to ensure accurate accounting of costs and inventory.
- Collaborate with cross-functional teams to enhance processes and achieve cost efficiency.
Qualifications:
- Bachelor's/Master's degree in Business Administration, Finance, or a related field.
- 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.
- 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
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