AM/DM - Finance ( Costing )

Job Description

Primary Responsibilities: Review and preparation of Variable Cost & Overheads with variance analysis Vs Budget/Forecast/Last Month Actual. Analyze manufacturing costs, raw material cost, labor, and overhead to determine profitability. Perform cost estimates for every product in SAP with accuracy. Facilitate preparation of annual budgets on cost, KPIs and overheads. Ensure compliance to month end deliverables including inventory management. Identify cost saving initiatives and monitor the same through WCM / other initiatives. Preparations of all capex proposals and post review analysis Support to all Statutory and Cost Audit Activities. Ensure adherence to Standard Operating Procedures. Conduct cost analysis and prepare cost estimates for new and existing products, ensuring accuracy and adherence to established standards. Collaborate with cross-functional teams to gather relevant data and information required for cost calculations. Monitor and analyze actual costs against budgeted costs, identifying and investigating any discrepancies or variances. Prepare and maintain cost report, providing management with insightful analysis and recommendations for cost optimization. Assist in the development and implementation of cost control measures and procedures to enhance efficiency and profitability. Conduct regular inventory audits, reconciling physical stock with system records and identifying any discrepancies. Provide guidance and support to team members, fostering their professional growth and development. Determine and calculate formulas for fixed and variable costs, and monthly purchases. Prepare cost forecasts for monthly, quarterly, or annual operating schedules Maintain appropriate cost records and coordinate cost audits. Manage customer invoicing process, Receivables management, Timely reporting to the management and receivables follow-up with customers. Stay updated with industry trends and changes in costing methodologies, ensuring compliance with regulatory requirements. Knowledge and Skill Requirements: Able to demonstrate forward thinking, ability to problem solve, and propose solutions. Good decision making & analytical skills, Good Analytical and Problem-Solving Skills. Good written and verbal communication skills. Excellent in MS Excel. Experience in SAP-FI or CO Qualifications / Experience: Cost Accountant (from Institute of Cost Accountants of India) A minimum of 2 years of work experience as a cost accountant, analyst, or other relevant role Working Days : Mon - Sat ( 9.00 am to 5.30 pm)