Senior Financial Cost Analyst

3 days ago

Bengaluru, Karnataka, India beBeeAnalyst Full time ₹ 14,95,000 - ₹ 19,98,000

Job Description

Key Responsibilities:

  • Cost Analysis and Planning:
  • Lead the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and COGS.
  • Perform in-depth 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.
  • Financial Budgeting and Forecasting:
  • Prepare comprehensive financial budgets, aligning with company 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 and Insights:
  • 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.
  • Perform inventory revaluation as needed.
  • Compliance and Internal Controls:
  • 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 and Innovation:
  • 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.
  • Cross-Functional Collaboration:
  • Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting.
  • Provide cost insights for pricing decisions, product profitability analysis, and overall business strategy.

Qualifications and Requirements

  • Education:
  • ICWA certification is required.
  • CA qualification is preferred.
  • 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 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.
  • Excellent organizational, time-management, and multi-tasking skills.
  • 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.

A results-driven individual with a commitment to continuous improvement.

  • Senior Financial Analyst

    4 weeks ago

    Bengaluru, Karnataka, India Deluxe Full time

    The Senior Financial Analyst is primarily concerned with accounting, analysis, and reporting functions. The position is responsible for the preparation and analysis of monthly financial statements, ensures the accuracy of the general ledger, preparation of financial reports, statistical records and annual operating budgets, preparation of audit work papers,...

  • Senior Financial Analyst

    6 days ago

    Bengaluru, Karnataka, India beBeeFinancial Full time ₹ 4,00,000 - ₹ 8,00,000

    Job Title: Senior Financial Analyst">We are seeking a seasoned Senior Financial Analyst to join our team.">You will be responsible for managing the accounting process from start to finish.Key tasks include:

  • Senior Financial Analyst

    17 hours ago

    Bengaluru, Karnataka, India beBeeFinancial Full time ₹ 9,00,000 - ₹ 12,00,000

    Senior Financial AnalystWe are seeking a highly skilled Senior Financial Analyst to join our team. As a Senior Financial Analyst, you will be responsible for providing financial analysis and insights to support business decisions.The ideal candidate will have a strong background in finance, excellent analytical skills, and the ability to communicate complex...

  • Senior Financial Analyst

    5 days ago

    Bengaluru, Karnataka, India beBeeFinancial Full time

    We are seeking a highly skilled Senior Financial Analyst to join our team.About the RoleThis is a dynamic and challenging role that requires a strong analytical mindset and excellent financial expertise.You will be responsible for guiding project managers on economic and financial decisions, conducting periodic project reviews, and enhancing project results...

  • Senior Financial Analyst

    5 days ago

    Bengaluru, Karnataka, India beBeeFinance Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

    Senior Financial Analyst - Strategic PartnerThis role is pivotal in aligning financial considerations with broader business strategies and goals.Provide financial insights to support the development of strategic plans and initiatives.Assess the financial impact of proposed strategies and recommend adjustments as needed.Build and maintain financial models to...

  • Cost analyst

    3 days ago

    Bengaluru, Karnataka, India Illumina Full time

    Job DescriptionPrimary Responsibilities- Support the development and maintenance of should-cost models across key commodity categories including plastics, metals, electronics, and assemblies.- Collaborate with the Senior Analyst and cross-functional teams to gather data inputs (BOMs, 3D models, supplier quotes) required forcost modeling and analysis.-...

  • Senior Financial Analyst

    7 days ago

    Bengaluru, Karnataka, India beBeeFinancial Full time ₹ 9,00,000 - ₹ 15,00,000

    Job Title: Senior Financial AnalystWe are seeking a seasoned Senior Financial Analyst to oversee daily accounting operations, ensuring seamless financial management and compliance with industry standards.About the Role:Manage and oversee daily accounting functions, including accounts payable/receivable, general ledger, and budgeting.Prepare accurate and...

  • Financial Analyst FP&A

    3 days ago

    Bengaluru, Karnataka, India Deluxe Full time

    Financial Analyst-Team FP&A The Financial Analyst is primarily concerned with planning, analysis, and reporting functions. The position is responsible for support towards the preparation and analysis of monthly financial reports, statistical records, regular forecasting, annual operating budgets, variance analysis, audit support, and completion of special...

  • Senior Financial Analyst

    1 day ago

    Bengaluru, Karnataka, India beBeeFinancial Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

    Job Title:Senior Financial AnalystAs a Senior Financial Analyst, you will be responsible for providing high-quality financial analysis and recommendations to support business decisions.About the Department:Our department is responsible for providing modeling and financial analysis, research, due diligence, valuation, and portfolio management services to our...

  • Costing and Financial Expert

    2 days ago

    Bengaluru, Karnataka, India beBeeFinance Full time ₹ 20,00,000 - ₹ 30,00,000

    Job TitleA key role in our organization is available for a dedicated Costing & Finance Manager.This position requires strong analytical skills and the ability to interpret complex financial data. The ideal candidate will have experience in cost analysis, business finance, or management accounting.The successful candidate will be responsible for developing...