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Chief Cost Optimization Specialist

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Hyderabad, Telangana, India beBeeCostManager Full time ₹ 15,00,000 - ₹ 25,00,000

Key Responsibilities:

The ideal candidate will be accountable for creating and maintaining accurate cost profiles, conducting thorough analyses of expenditures, and identifying opportunities for expense reduction and optimization.

  • Develop and maintain precise cost profiles for products/services, including direct and indirect cost elements.

  • Conduct comprehensive analyses of expenditures to identify expense reduction opportunities and recommend strategies for optimization.

  • Monitor and update costs for raw materials, labor, overhead, and other expenses in real-time.

  • Collaborate with procurement and production teams to ensure cost-effectiveness in sourcing and manufacturing.

  • Compare actual expenditures 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 and strategy development.

  • Provide insights on break-even analysis, pricing strategies, and margin improvement opportunities.

  • Support management in decision-making with detailed cost-benefit analyses for investments and projects.

  • Ensure compliance with internal policies and external regulations related to finance and costing.

Reporting and Collaboration:

  • Present periodic expenditure analysis reports and financial insights to senior management.

  • Work closely with the accounts team to ensure accurate accounting of expenditures and inventory.

  • Collaborate with cross-functional teams to enhance processes and achieve cost-effectiveness.

Qualifications:

  • Master's degree in Business Administration or equivalent qualifications.

  • 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.

  • Analytical mindset with attention to detail and ability to interpret complex financial data.

  • Excellent communication and interpersonal skills.