
Senior Cost Manager
1 day ago
As a strategic financial leader, you will play a pivotal role in driving business growth and profitability. Your expertise in cost analysis and management will be instrumental in optimizing costs, improving efficiency, and ensuring compliance with internal policies and external regulations.
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.
Business Finance:
- 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 degree in Accounting, Finance, or 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 ability to interpret complex financial data.
- Excellent communication and interpersonal skills to interact with various stakeholders.
Location: Mehemdabad
Reporting: DGM Finance - HO
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