Key Responsibilities:
- Cost Accounting & Financial Analysis:
- Lead and manage the cost accounting processes, including cost allocation, inventory valuation, and cost variance analysis.
- Prepare and analyze monthly, quarterly, and annual cost reports and present findings to senior management.
- Develop and maintain standard cost models and ensure alignment with organizational goals.
- Budgeting & Forecasting:
- Work closely with finance and operations teams to support budget development and cost forecasting.
- Assist in the preparation of annual budgets, including analysis of cost trends, resource allocation, and variance reporting.
- Cost Control & Optimization:
- Analyze and monitor product costs, manufacturing expenses, and operational efficiencies to identify cost-saving opportunities.
- Implement cost control measures to improve profitability and ensure adherence to the budget.
- Inventory Management:
- Oversee the cost accounting for inventory management, ensuring accurate valuation and reconciliation of raw materials, work-in-progress, and finished goods.
- Collaborate with supply chain and production teams to streamline inventory cost reporting and reduce wastage.
- Compliance & Internal Controls:
- Ensure adherence to regulatory and compliance requirements, including cost accounting standards (CAS) and company policies.
- Review and improve internal controls related to cost accounting processes.
- Collaboration & Stakeholder Management:
- Collaborate with operations, production, and procurement teams to ensure cost-related insights are integrated into decision-making.
- Provide support for audits and liaise with external auditors regarding cost-related matters.
Qualifications & Skills:
- CMA, ICWA, or CA qualification is mandatory.
- 2-5 years of experience in cost accounting.
- Expertise in cost analysis, budgeting, and forecasting.
- Strong knowledge of inventory management, variance analysis, and cost optimization.
- Proficiency in ERP systems (SAP, Oracle, etc.) and advanced Excel skills. Proficiency in dynamics would be preferred.
- Excellent communication, problem-solving, and analytical skills.
- Ability to work in a fast-paced environment and handle multiple projects simultaneously.
Preferred:
- Knowledge of Indian and international cost accounting standards.
