Costing Analyst (Plant / Factory)

As a Cost Analyst in the organization, your role involves analyzing and forecasting costs related to material, labor, and overhead expenses across various manufacturing locations. You will evaluate production processes to identify inefficiencies impacting costs and ensure that manufacturing cost forecasts align with set targets and objectives. - Collaborate with finance and production teams to review budgets and standard costs for manufacturing locations. - Monitor cost variances, recommend corrective actions, and generate detailed reports on manufacturing costs, variances, and trends for management review. - Identify cost-saving opportunities in production and supply chain processes, propose and implement solutions to reduce waste, and optimize resources. - Work closely with cross-functional teams to align cost management strategies and provide insights during new product development or process changes. To be successful in this role, you should possess: - A Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field. - A Master's degree or professional certifications such as CIMA, CMA, or ICWA would be beneficial. - Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry. - Proficiency in financial modeling, cost accounting principles, and experience with ERP systems like SAP or Oracle. Utilizing ERP systems, costing tools, and financial software for data management and analysis is crucial. Maintaining accurate cost data in the system facilitates real-time decision-making and ensures compliance with financial policies. You will have an office-based work environment with occasional travel to manufacturing sites. Interaction with cross-functional teams in diverse cultural settings in a fast-paced environment that requires adaptability and multitasking is expected. Key Performance Indicators for this role include: - Accuracy of cost reports and variance analysis. - Successful identification and implementation of cost-saving initiatives. - Timeliness and quality of budgeting and forecasting processes. - Effective collaboration with cross-functional teams. Candidates should demonstrate a solid understanding of manufacturing processes and financial principles, with familiarity in sustainable manufacturing practices and the cost implications of environmental regulations considered desirable.,