Chief Cost Optimization Specialist

4 days ago

Coimbatore, Tamil Nadu, India beBeeCostAccountingManager Full time ₹ 12,00,000 - ₹ 15,00,000
Job Summary:

We are seeking a highly skilled Cost Accounting Manager to join our team. The successful candidate will be responsible for overseeing the cost accounting function, ensuring accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS). This is an excellent opportunity for a proactive and results-driven individual with a commitment to continuous improvement.

Main Responsibilities:

  • Cost Management & Analysis
    • Oversee the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and COGS.
    • Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations to management for process improvements.
  • Budgeting & Forecasting
    • Prepare comprehensive cost budgets, ensuring they 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.
    • Monitor expenditure against budgeted figures and take corrective action where necessary.
  • 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, work-in-progress (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.
Required Skills & Qualifications:
  • Education:
    • Institute of Cost and Works Accountants (ICWA) certification is required.
    • CA
  • Experience:
    • Minimum 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment.
  • Skills:
    • Strong knowledge of SAP environment. cost accounting principles, financial regulations, and reporting.
    • Advanced proficiency in Microsoft Excel, including macros.
    • Strong analytical and problem-solving abilities.
    • Ability to communicate complex financial data clearly to non-financial stakeholders.
Personal Attributes:
  • High attention to detail and accuracy.
  • Strong communication, interpersonal, and leadership skills.
  • Ability to work independently and as part of a collaborative team in a fast-paced environment.

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