Senior Manager – Costing & Inventory Valuation

Senior Manager – Costing & Inventory Valuation

Key Responsibilities

1. Cost Accounting & Financial Analysis

• Develop and implement cost accounting systems and procedures.
• Analyze and monitor production costs, profitability, and cost trends.
• Prepare detailed reports on cost findings for management.
• Collaborate with other departments to drive cost efficiency.
• Ensure compliance with financial regulations and internal policies.
• Prepare budgets and forecasts in liaison with financial teams.
• Review and identify cost reduction opportunities.
• Assist in month-end and year-end closing processes.

2. Inventory Management & Valuation

• Oversee the cost accounting for inventory management, ensuring accurate valuation and reconciliation of raw materials, work-in-progress, and finished goods.
• Collaborate with supply chain and production teams to streamline inventory cost reporting and reduce wastage.
• Ensure proper documentation and reporting of inventory adjustments (e.g., write-offs, obsolescence, or shrinkage).
• Prepare and provide regular inventory-related financial reports, including the cost of goods sold (COGS), inventory turnover ratio, and gross margin analysis.

3. Budgeting & Forecasting

• Assist in the development and implementation of annual budgets and forecasts for the manufacturing operations.
• Monitor actual financial performance against budgets, identifying and explaining variances.
• Provide inputs and support in developing financial projections for strategic initiatives, capital expenditure projects, and cost optimization programs.

4. Cost Control & Process Improvement

• Identify areas of cost improvement and operational efficiency enhancement within the manufacturing processes.
• Work closely with cross-functional teams to implement cost control measures and process improvements, ensuring adherence to standard operating procedures (SOPs) and best practices.
• Conduct regular reviews of manufacturing processes and cost drivers, making recommendations for cost reduction initiatives and performance optimization.

5. Compliance & Internal Controls

• Ensure adherence to regulatory and compliance requirements, including cost accounting standards (CAS) and company policies.
• Review and improve internal controls related to cost accounting processes.
• Collaborate with operations, production, and procurement teams to ensure cost-related insights are integrated into decision-making.
• Provide support for audits and liaise with external auditors regarding cost-related matters.

• Education

  : Bachelor’s degree in Accounting, Finance, or a related field; professional certifications (e.g., CA,CMA, CPA) preferred.

• Experience

  : Minimum of 4 - 8 years in a costing.

• Technical Skills

  : Experience with SAP ERP system.

• Analytical Skills

  : Strong analytical and problem-solving abilities, with attention to detail and accuracy.

• Communication Skills

  : Excellent verbal and written communication skills; ability to present complex financial information to stakeholders.

• Leadership Skills

  : Proven ability to lead and develop teams, manage multiple priorities, and work under pressure.

Desirable Attributes

• Experience in [specific industry, e.g., manufacturing, solar, green energy.
• Knowledge of cost accounting principles and practices.
• Ability to drive cost optimization initiatives and process improvements.