Optimizing Business Performance through Strategic Cost Management

4 days ago

Pune, Maharashtra, India beBeeCostManagement Full time ₹ 22,42,000 - ₹ 28,95,000

Job Title: Cost Management Specialist

Our organization is seeking a highly skilled Cost Management Specialist to join our team. As a key member of our finance department, you will be responsible for managing costs and analyzing data to optimize business performance.

  • Key Responsibilities:
  • Develop and implement cost-saving strategies to reduce expenses and improve profitability.
  • Manage cost accounting processes, ensuring accurate product costs, manufacturing overheads, and COGS.
  • Analyze cost trends and identify opportunities for process improvements.
  • Budgeting & Forecasting:
  • Prepare comprehensive budgets aligning with financial goals and strategic objectives.
  • Regularly update forecasts based on business dynamics, collaborating with key departments.
  • Cost Reporting:
  • Provide regular detailed costing reports, including variance analysis and insights on cost trends.
  • Present findings to senior management, highlighting key cost drivers and offering actionable recommendations.
  • Inventory Management:
  • Ensure accurate inventory valuation using appropriate costing methods.
  • Implement processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate records.
  • Internal Controls & Compliance:
  • Ensure adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting.
  • Assist with 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.

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 environment.
  • Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
  • Skills:
  • Strong knowledge of SAP environment, cost accounting principles, financial regulations, and reporting.
  • Advanced proficiency in Microsoft Excel, including macros.
  • Personal Attributes:
  • High attention to detail and accuracy.
  • Strong communication, interpersonal, and leadership skills.

This is an excellent opportunity for a motivated and results-driven individual who is committed to continuous improvement and wants to make a meaningful contribution to our organization.

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