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Senior Cost Analyst

3 weeks ago

Rajkot, Gujarat, India beBeeManagement Full time ₹ 15,00,000 - ₹ 25,00,000

Job Title: Cost Management Specialist

Key Responsibilities:
  • Cost Analysis & Budgeting:
  • Develop and maintain a cost accounting system to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS).
  • 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 & Compliance:
  • 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 & Process Improvement:
  • 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.
  • Perform continuous assessment of costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy.
  • Cross-Functional Collaboration:
  • Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting.

The ideal candidate will have a strong understanding of cost accounting principles, financial regulations, and reporting. They will be able to communicate complex financial data clearly to non-financial stakeholders and possess excellent organizational, time-management, and multi-tasking skills.

Requirements:
  • 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.
  • Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports.
  • Experience in using ERP systems such as SAP, Oracle, or similar financial management software is highly desirable.
  • Skills:
  • Strong knowledge of 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.
  • Excellent organizational, time-management, and multi-tasking skills.