Manager / Senior Manager Cost Accounting

MAIN DUTIES AND RESPONSIBILITIES

Cost analysis and control

• Track expenses:

  Collect and analyze data on costs related to materials, labor, and overhead for specific products, processes, and projects.

• Identify variances:

  Compare actual costs with budgeted or standard costs to find discrepancies, determine their causes, and suggest corrective actions.

• Implement cost-saving measures:

   Use analysis to identify inefficiencies and recommend strategies to reduce costs and boost profitability. 

Budgeting and forecasting

• Prepare budgets:

   Help create detailed cost budgets and forecasts for different departments or projects.

• Evaluate performance:

   Compare actual financial performance against budgets to assess efficiency and pinpoint areas for improvement. 

Inventory valuation

• Manage inventory costs:

   Track inventory levels and determine the accurate cost of inventory on hand, which is crucial for financial reporting.

• Assess obsolescence:

   Calculate the reserve for slow-moving and obsolete inventory to ensure it is properly valued. 

Pricing decisions

• Support pricing strategies:

  Provide cost-based data to help management set profitable and competitive prices for products and services.

• Calculate margins:

   Determine the gross margin and contribution margin for products to assess their profitability. 

Financial reporting and compliance

• Prepare cost reports:

   Generate regular reports on production costs, profitability, and variances for internal management.

• Support audits:

   Assist internal and external auditors by providing detailed reports on cost structures and inventory.

• Ensure compliance:

   Adhere to relevant cost accounting standards and financial reporting standards. 

CANDIDATE PROFILE

• CWA with an experience of 5 10 years
• Should possess accounting, analytical, budget management, and financial modelling skills as well as strong business acumen.
• Familiar with common productivity tools and various financial and reporting software.
• Relevant soft skills include leadership, time management, collaboration, communication, and presentation. 
• Hands-on experience in finance, banking, taxation, lending, investments, private equity, real estate finance, insurance, and other related fields
• Experience in creating and presenting financial reports to various stakeholders.

Interested Candidates can share their CV on payal.makwana@arya.in