Assistant Manager - Costing, Budgeting & MIS

1. Designation - Assistant Manager

Location - Jarod

Company - Kosamba Glass Deco Pvt. Ltd. (Corrugation Plant )

Experience- 5 to 10 years

Glimpse of JD:

Job Overview:

The Costing, Budgeting, and Management Information System (MIS) Manager is responsible for overseeing the financial planning, budgeting, and management of company costs. This role involves managing cost analysis, preparing and tracking budgets, and ensuring accurate and timely reporting of financial performance. The manager will also lead efforts to improve financial processes through the development and optimization of MIS systems to support strategic decision-making.

Key Responsibilities:

Costing & Cost Control:

• Develop and maintain cost allocation systems, ensuring accurate product/service costing and cost management.
• Analyze cost trends and provide recommendations for cost-saving initiatives and process improvements.
• Monitor cost variance and report deviations from budgeted costs, providing reasons and corrective actions.
• Conduct regular audits of costing procedures to ensure compliance with company policies and industry standards

Budgeting:

• Lead the annual budgeting process, working closely with department heads to prepare accurate and realistic budgets.
• Monitor budget performance and conduct variance analysis, reporting key insights to senior management.
• Provide financial guidance and advice to various departments to ensure budgetary compliance and achieve financial goals.
• Assist in forecasting and updating the budget based on changes in market conditions, operations, and other external factors.

MIS Management & Reporting:

• Design and implement an efficient MIS framework for tracking key financial and operational metrics.
• Generate regular management reports that highlight financial performance, trends, and variances.
• Ensure the timely and accurate delivery of financial reports, including profit and loss statements, balance sheets, cash flow forecasts, and other key metrics.
• Support senior management with in-depth analysis of financial data to inform strategic decision-making.
• Ensure that the MIS system is aligned with the company's objectives and provide recommendations for system upgrades or process improvements.

Data Analysis & Decision Support:

• Provide actionable insights through data analysis to optimize financial performance.
• Work closely with business units to provide data-driven recommendations on cost reduction, efficiency improvement, and profitability.
• Collaborate with other departments to integrate financial data into broader business planning processes.