Sr Executive To Deputy Manager

Role & responsibilities:

• Tracking and Analyzing Costs:

  Collecting and analyzing data on production costs (raw materials, labor, overhead, etc.), operational expenses, and other business activities.

• Identifying Inefficiencies:

  Highlighting areas where costs are higher than anticipated, or where processes can be streamlined for better efficiency.

• Cost Reduction Strategies:

  Developing and implementing strategies to control and reduce costs, such as identifying more profitable vendors for raw materials or suggesting policy changes to improve cash flow.

• Forecasting and Budgeting:

  Assisting in preparing detailed cost budgets and financial forecasts.

• Performance Evaluation:

  Analyzing variances between actual and standard costs to assess operational and financial performance.

• Supporting Pricing Decisions:

  Providing cost-based data to help management determine competitive and profitable pricing strategies.

Reporting and compliance

• Developing Cost Reports:

  Preparing detailed cost reports, including comparisons of standard vs. actual costs, identifying variances, and analyzing profitability by product or category.

• Maintaining Financial Records:

  Ensuring accurate classification of expenses and maintaining the company's balance sheets and accounting records in compliance with standards like Generally Accepted Accounting Principles (GAAP).

• Supporting Audits:

  Assisting with internal and external audits by providing documentation and explanations related to cost accounting practices.

• Compliance and Regulatory Standards:

  Ensuring adherence to regulatory cost accounting standards and financial reporting requirements.