Job Description

Key Responsibilities: Cost Analysis & Reporting: Analyze production costs and prepare cost reports for management. Monitor and evaluate cost variances between actual and budgeted costs. Provide regular reports on cost trends, product pricing, and profitability. Conduct cost audits to ensure accurate financial reporting. Budgeting & Forecasting: Assist in preparing budgets and forecasts related to production and operational costs. Collaborate with departments to identify areas for cost savings and efficiency improvements. Provide insights into the cost structure and suggest pricing strategies based on cost analysis. Inventory Management: Track inventory levels and cost of goods sold (COGS). Oversee the process of inventory valuation to ensure proper cost allocation. Reconcile inventory discrepancies and make recommendations for improvements in stock management. Cost Allocation: Allocate costs to various departments, projects, or products based on cost drivers. Ensure that costs are correctly allocated and in line with company policies and accounting standards. Process Improvement: Identify opportunities to reduce costs and improve efficiency in production processes. Provide recommendations for cost optimization without compromising product quality. Internal Controls & Compliance: Ensure compliance with accounting principles (GAAP or IFRS), and internal financial controls. Assist in the preparation of financial audits and resolve any discrepancies related to cost accounting. Collaboration & Communication: Work closely with other departments (such as production, finance, and procurement) to gather cost data and provide financial insights. Communicate effectively with management regarding cost-related concerns and cost-saving opportunities. Qualifications & Skills: Education: Professional certifications such as CMA or ICWA. Experience: 7-12 years of experience in cost accounting, financial analysis, Preferably in manufacturing or a similar industry. Skills: Strong understanding of cost accounting principles and financial analysis techniques. Excellent attention to detail and accuracy in financial reporting. Advanced Excel skills (pivot tables, VLOOKUP, etc.) and data analysis. Ability to work independently and as part of a team. Strong analytical and problem-solving skills. Excellent communication and presentation skills.