Cost Analyst- Finance

Job Description

Role Overview: We are seeking a detail-oriented and analytical Cost Analyst to support the finance and operations teams by analyzing cost structures, monitoring variances, and recommending cost-saving strategies. The ideal candidate will have experience in product costing, budgeting, and variance analysis within a manufacturing or FMCG setup. ________________________________________ Key Responsibilities: Cost Analysis & Control: Analyze cost variances related to raw materials, labor, and overheads. Conduct product costing and process costing for manufactured goods. Evaluate standard costs vs. actual costs and investigate discrepancies. Manufacturing & Operations Finance: Collaborate with plant teams to track production costs and identify inefficiencies. Monitor cost drivers in the supply chain and manufacturing units. Prepare costing sheets for new and existing products. Budgeting & Forecasting: Assist in preparing annual budgets, standard cost rollups, and forecasting models. Monitor monthly spending and ensure adherence to budgets. Inventory & Cost Accounting: Oversee inventory valuation and ensure correct accounting of stock in ERP. Support internal audits and stock reconciliations. Ensure correct application of costing methods (FIFO, weighted average, etc.) Reporting & Insights: Generate MIS reports on cost trends, profitability, and financial KPIs. Provide insights and recommendations to senior management for cost optimization. ________________________________________ Required Skills & Competencies: Strong knowledge of cost accounting principles and financial analysis Proficiency in MS Excel, ERP tools (e.g., SAP, Oracle, Tally, Zoho), and costing modules Analytical mindset with attention to detail Excellent communication and cross-functional collaboration skills ________________________________________ Qualifications: Bachelor’s degree in Finance, Accounting, or Commerce CMA (Cost & Management Accountant) qualified or pursuing (preferred) 3–6 years of experience in costing or financial analysis, ideally in a product-based company Job Type: Full-time Pay: ₹200,000.00 - ₹250,000.00 per year Benefits: Paid sick time Paid time off Schedule: Day shift Supplemental Pay: Performance bonus Work Location: In person Application Deadline: 30/06/2025 Expected Start Date: 01/07/2025