Cost Analyst- Finance

As a Cost Analyst, you will play a crucial role in supporting the finance and operations teams of the company. Your main responsibilities will include: - Analyzing cost variances related to raw materials, labor, and overheads. - Conducting product costing and process costing for manufactured goods. - Evaluating standard costs vs. actual costs and investigating discrepancies. - Collaborating with plant teams to track production costs and identify inefficiencies. - Monitoring cost drivers in the supply chain and manufacturing units. - Preparing costing sheets for new and existing products. - Assisting in preparing annual budgets, standard cost rollups, and forecasting models. - Monitoring monthly spending and ensuring adherence to budgets. - Overseeing inventory valuation and ensuring correct accounting of stock in ERP. - Supporting internal audits and stock reconciliations. - Ensuring correct application of costing methods (FIFO, weighted average, etc.). - Generating MIS reports on cost trends, profitability, and financial KPIs. - Providing insights and recommendations to senior management for cost optimization. To excel in this role, you should possess the following skills and 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 required for this position include: - 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. This is a full-time position with benefits such as paid sick time, paid time off, and a performance bonus. The work schedule is during the day shift, and the work location is in person. The application deadline is 30/06/2025, with an expected start date of 01/07/2025.,