Chief Cost Optimization Specialist

2 days ago

Hubli, Karnataka, India beBeeFinance Full time ₹ 19,50,000 - ₹ 26,15,000
Job Overview

Critical Role of Costing & Finance Management:

We are seeking a highly skilled professional to oversee the development and maintenance of accurate cost sheets for products/services, encompassing direct and indirect cost components.

The successful candidate will conduct in-depth analysis of costs to identify potential savings opportunities and recommend optimization strategies.

This involves tracking and updating costs for raw materials, labor, overhead, and other expenses in real-time, collaborating with procurement and production teams to ensure cost efficiency in sourcing and manufacturing, and comparing actual costs with budgets/estimates and investigating variances to propose corrective actions.

Strategic Financial Planning:

The ideal candidate will prepare comprehensive financial forecasts, budgets, and cash flow reports to support business planning, provide insights on break-even analysis, pricing strategies, and margin improvement opportunities, and support management in decision-making with detailed cost-benefit analysis for investments and projects.

In addition, the successful candidate will ensure compliance with internal policies and external regulations related to finance and costing.

Reporting and Collaboration:

The chosen candidate will 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, and collaborate with cross-functional teams to enhance processes and achieve cost efficiency.

Requirements:

To be successful in this role, you will require an MBA/CA and ICWA qualification, 5-7 years of experience in cost analysis, business finance, or management accounting, strong proficiency in MS Excel and financial modeling tools, familiarity with ERP systems, an analytical mindset with attention to detail, and excellent communication and interpersonal skills to interact with various stakeholders.

Key Skills and Qualifications:

  • • Strong understanding of financial principles and concepts
  • Ability to analyze complex data and develop recommendations
  • Excellent communication and presentation skills
  • Familiarity with ERP systems and financial modeling tools
  • Strong analytical and problem-solving skills
  • MBA/CA and ICWA qualification

What We Offer:

Opportunities for career growth and professional development

Collaborative and dynamic work environmentCompetitive salary and benefits package

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