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
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