Financial Operations Manager

5 days ago

Kurnool, Andhra Pradesh, India beBeeAccountant Full time ₹ 16,00,000 - ₹ 21,30,000
Job Opportunity:

We are seeking a seasoned Cost Manager to oversee our cost accounting function and ensure accurate calculation of product costs, manufacturing overheads, and COGS.

Key Responsibilities:
  • Cost Management & Analysis:
  • Ensure accurate product costs, manufacturing overheads, and COGS calculation through detailed cost variance analysis
  • Develop and maintain standard costing systems for accurate cost allocation of materials, labor, and overheads
  • Budgeting & Forecasting:
  • Prepare comprehensive cost budgets that 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
  • Cost Reporting:
  • Provide regular and detailed costing reports, including standard vs. actual variance analysis and insights on cost trends
  • Presentation of findings to senior management, highlighting key cost drivers and offering actionable recommendations for improvement
  • Inventory Management:
  • Accurate inventory valuation for raw materials, work-in-progress, and finished goods using appropriate costing methods
  • Implementation of robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records
  • Internal Controls & Compliance:
  • Adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting
  • Assistance with internal and external audits by providing accurate and comprehensive costing and inventory data
  • Process Improvement:
  • Continuous assessment of costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy
  • Development and integration of new systems or tools for better cost tracking, data analysis, and reporting
  • Cross-Functional Collaboration:
  • Collaboration with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting
  • Providing cost insights for pricing decisions, product profitability analysis, and overall business strategy

The ideal candidate will possess excellent analytical and problem-solving skills, strong communication and interpersonal abilities, and the capacity to work independently and as part of a collaborative team in a fast-paced environment.

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