
Senior Cost and Financial Manager
3 days ago
Cost and Financial Management Position
We are seeking a highly skilled professional to oversee the financial management of our organization. The successful candidate will be responsible for developing and maintaining accurate cost sheets, conducting detailed analysis of costs, and recommending optimization strategies.
Key Responsibilities:
- Develop and maintain accurate cost sheets for products/services, including direct and indirect cost components.
- Conduct detailed analysis of costs to identify cost-saving opportunities and recommend optimization strategies.
- 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 Analysis:
- 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:
- Presents periodic cost analysis reports and financial insights to senior management.
- Works closely with the accounts team to ensure accurate accounting of costs and inventory.
- Collaborates with cross-functional teams to enhance processes and achieve cost efficiency.
Qualifications:
- MBA/CA and ICWA qualifications.
- 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.
What We Offer:
- A dynamic and supportive work environment.
- Opportunities for professional growth and development.
- A competitive salary and benefits package.
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