Financial Performance Specialist

4 hours ago

Meerut, Uttar Pradesh, India beBeeAccountant Full time ₹ 20,00,000 - ₹ 25,00,000

Job Overview:

We are seeking an accomplished Cost Manager to oversee the cost accounting function. The ideal candidate will be responsible for ensuring accurate calculation of product costs, manufacturing overheads, and COGS.

Key Responsibilities:
  • Cost Analysis & Management:
  • Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations for process improvements.
  • Develop and maintain standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads.
  • Budgeting & Forecasting:
  • Prepare comprehensive cost budgets, ensuring they align with 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.
  • Present findings to senior management, highlighting key cost drivers and offering actionable recommendations for improvement.
  • Inventory Management:
  • Ensure accurate inventory valuation for raw materials, WIP, and finished goods using appropriate costing methods.
  • Implement robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records.
  • Internal Controls & Compliance:
  • Ensure adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting.
  • Assist with internal and external audits by providing accurate and comprehensive costing and inventory data.
  • Process Improvement:
  • Continuously assess costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy.
  • Develop and integrate new systems or tools for better cost tracking, data analysis, and reporting.

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