
Sr Executive To Deputy Manager
5 days ago
Role & responsibilities:
- Tracking and Analyzing Costs: Collecting and analyzing data on production costs (raw materials, labor, overhead, etc.), operational expenses, and other business activities.
- Identifying Inefficiencies: Highlighting areas where costs are higher than anticipated, or where processes can be streamlined for better efficiency.
- Cost Reduction Strategies: Developing and implementing strategies to control and reduce costs, such as identifying more profitable vendors for raw materials or suggesting policy changes to improve cash flow.
- Forecasting and Budgeting: Assisting in preparing detailed cost budgets and financial forecasts.
- Performance Evaluation: Analyzing variances between actual and standard costs to assess operational and financial performance.
- Supporting Pricing Decisions: Providing cost-based data to help management determine competitive and profitable pricing strategies.
Reporting and compliance
- Developing Cost Reports: Preparing detailed cost reports, including comparisons of standard vs. actual costs, identifying variances, and analyzing profitability by product or category.
- Maintaining Financial Records: Ensuring accurate classification of expenses and maintaining the company's balance sheets and accounting records in compliance with standards like Generally Accepted Accounting Principles (GAAP).
- Supporting Audits: Assisting with internal and external audits by providing documentation and explanations related to cost accounting practices.
- Compliance and Regulatory Standards: Ensuring adherence to regulatory cost accounting standards and financial reporting requirements.
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