Cost Accountant

Role Overview: As a Cost Accountant at our company, you will be a key player in driving cost reduction initiatives. Your primary focus will be on optimizing costs, improving efficiency, and enhancing profitability through thorough analysis and strategic planning. A background in the Manufacturing industry will be beneficial for excelling in this role. Key Responsibilities: - Analyze current cost structures, both direct and indirect, to identify areas for improvement and potential cost reduction opportunities. - Collaborate with cross-functional teams including operations, procurement, and finance to gather data, assess cost drivers, and develop strategies for reducing expenses. - Conduct cost analysis and variance analysis to monitor performance against budgeted costs, pinpoint areas of overspending or inefficiencies. - Support the implementation of cost reduction projects by streamlining processes, negotiating with suppliers, and maximizing available resources. - Create cost models and financial forecasts to evaluate the anticipated impact of proposed cost reduction efforts on the organization's financial well-being. - Track and report on the progress of cost reduction initiatives, document achieved savings, identify challenges, and propose necessary adjustments. - Assist in the preparation of cost-related reports, presentations, and business cases to present findings, recommendations, and return on investment analysis to management and key stakeholders. - Stay updated on industry trends, best practices, and emerging technologies relevant to cost management and reduction strategies. - Collaborate with internal audit and compliance teams to ensure compliance with internal controls, policies, and regulatory requirements during cost reduction activities. Qualifications & Experience: - ICWA degree is required. - 2-4 years of experience in cost reduction, budgeting, and related areas of Cost Accounting & Financial Analysis, preferably in the FMCG industry.,