Senior Cost

1 day ago

Fort Mumbai Maharashtra, India Devmani Traders Pvt Ltd Full time ₹ 2,50,000 - ₹ 5,00,000 per year

Position Summary

We are seeking a highly experienced Senior Cost & Financial Analyst with 15+ years of progressive responsibility in cost accounting, financial analysis, and strategic business support. This role is pivotal in driving financial insight, improving cost efficiency, and supporting decision-making across the enterprise. The ideal candidate will have deep expertise in standard costing, variance analysis, and ERP systems, with a strong ability to influence stakeholders across finance, manufacturing, logistics, supply chain, and commercial functions.

Key Responsibilities

  • Lead strategic cost analysis initiatives to support key business decisions, profitability assessments, and long-term planning.
  • Oversee and mentor Cost Analysts/Specialists in developing and maintaining standard product costs, ensuring alignment with corporate policies and best practices.
  • Manage end-to-end cost modeling for new and existing products, including new product introduction (NPI), Original Equipment (OE), and aftermarket costing.
  • Conduct advanced variance analysis (purchase price, production, logistics, and overhead variances) and present actionable insights to leadership.
  • Provide in-depth analysis of product master data, cost drivers, and supply chain impacts to drive cost optimization strategies.
  • Partner with Commercial and Marketing teams to assess product profitability, pricing strategies, and margin improvement opportunities.
  • Play a key role in the annual standard cost setting process, ensuring robust governance and cross-functional alignment.
  • Develop and execute complex test cases and validation scenarios for ERP or cost system enhancements; ensure interface accuracy and integrity of financial systems.
  • Deliver timely and accurate cost reporting, including month-end and year-to-date variance analysis vs. budgets, forecasts, and prior year.
  • Support the financial forecasting and budgeting process with detailed cost input and sensitivity analysis.
  • Champion continuous improvement by identifying opportunities to enhance cost accounting processes, tools, and reporting capabilities.
  • Communicate complex cost insights to senior management and cross-functional stakeholders through clear, data-driven presentations.

Qualifications & Skills

  • Bachelor's degree in Accounting, Finance, or a related field; Cost Accounting Certification (e.g., CMA) highly preferred.
  • Minimum 15 years of progressive experience in cost accounting, financial analysis, or manufacturing finance roles.
  • Demonstrated expertise in standard costing, variance analysis, and cost control in a manufacturing or industrial environment.
  • Strong proficiency with ERP systems (e.g., SAP, Oracle, or equivalent) and financial planning/reporting tools.
  • Proven experience working in cross-functional environments, influencing stakeholders in manufacturing, supply chain, sales, and marketing.
  • Excellent analytical and problem-solving skills with a deep understanding of product and operational cost drivers.
  • High level of accuracy, attention to detail, and ability to manage multiple priorities under tight deadlines.
  • Strong communication and presentation skills, with the ability to translate financial data into actionable business insights.

Job Type: Full-time

Pay: Up to ₹500,000.00 per year

Location:

  • Fort, Mumbai, Maharashtra (Preferred)

Work Location: In person

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