Cost Controller

+We are seeking a seasoned Costing and Pricing Specialist to take a pivotal role in overseeing all aspects of costing, cost analysis, and pricing strategy.

Position Title - Assistant General manager- Costing

Location- Aurangabad (Candidates from Pan India can Apply)

Experience- 10-15 years of work experience. Minimum 5 years in manufacturing industry.

Key Responsibilities-

1. Costing and Cost Analysis  Maintain and update costs in SAP systems.  Analyze and document costs related to materials, labor, and overhead expenses.  Develop and maintain accurate cost databases.  Identify cost-saving opportunities and recommend process improvements.  Monitor cost variances and collaborate with business units to mitigate discrepancies.  Prepare and support cost audits.

2. Pricing Strategy  Perform pricing simulations to forecast revenue and margin impacts.  Monitor market trends, competitor pricing, and customer demands.

3. Data Management & Reporting  Generate detailed cost and pricing reports for internal stakeholders.  Provide updates on cost structures, pricing adjustments, and their financial implications.  Ensure compliance with company policies and regulatory standards in cost and pricing decisions.

4. Collaboration  Work closely with finance, sales, procurement, and production teams to align pricing strategies with business objectives.  Support sales teams in customer negotiations by providing cost and pricing insights.  Participate in weekly performance meetings and quarterly reviews with the sales team.

5. Process Optimization  Develop and maintain pricing tools, models, and systems to enhance workflows.  Establish and promote best practices in cost and pricing management.  Prepare and present monthly management reports to communicate division, plant, sales, and product performance effectively

6. Financial Reporting & Compliance  Calculate and analyze product costs, including direct materials, labor, and overheads.  Prepare financial reports such as COGS (Cost of Goods Sold) statements.  Ensure timely completion of cost audit reports and statutory and tax audits.

7. Inventory Management  Monitor inventory levels and ensure accurate valuations through regular cycle counts.  Address potential inventory discrepancies proactively.

8. Budgeting and Forecasting  Support the annual budgeting process by providing accurate cost data and forecasts.  Update budget projections based on production volumes and market dynamics.