Cost Accounting Manager

Key Responsibilities:- Cost Management & Analysis: - Oversee the cost accounting function to ensure accurate calculation of product costs, manufacturing overheads, and cost of goods sold (COGS). - Perform detailed cost variance analysis, identify cost reduction opportunities, and provide recommendations to management for process improvements. - Develop and maintain standard costing systems, ensuring accuracy in cost allocation for materials, labor, and overheads. - Budgeting & Forecasting: - Prepare comprehensive cost budgets, ensuring they align with the company’s financial goals and strategic objectives. - Regularly update and forecast costs based on business dynamics, collaborating with key departments for timely inputs. - Monitor expenditure against budgeted figures and take corrective action where necessary. - Cost Reporting: - Provide regular and detailed costing reports, including standard Vs Actual variance analysis and insights on cost trends. - Present findings to senior management, highlighting key cost drivers and offering actionable recommendations for improvement. - Inventory Management: - Ensure accurate inventory valuation for raw materials, work-in-progress (WIP), and finished goods using appropriate costing methods. - Implement robust processes to minimize inventory obsolescence, improve inventory turnover, and ensure accurate inventory records. - Perform inventory revaluation - Internal Controls & Compliance: - Ensure adherence to accounting standards, financial regulations, and internal controls related to costing, inventory, and financial reporting. - Assist with internal and external audits by providing accurate and comprehensive costing and inventory data. - Process Improvement: - Continuously assess costing methods and accounting processes to identify and implement improvements for enhanced efficiency and accuracy. - Develop and integrate new systems or tools for better cost tracking, data analysis, and reporting. - Cross-Functional Collaboration: - Collaborate with production, procurement, and supply chain teams to gather relevant data for cost tracking and forecasting. - Provide cost insights for pricing decisions, product profitability analysis, and overall business strategieQualifications & Requirements:- Education: - Institute of Cost and Works Accountants (ICWA) certification is required. - CA - Experience: - Minimum 8-10 years of experience in cost accounting, costing management, or financial analysis in a manufacturing or production environment. - Proven expertise in managing costing systems, preparing budgets, performing variance analysis, and generating detailed cost reports. - Experience in using ERP systems such as SAP, Oracle, or similar financial management software is highly desirable. - Skills: - Strong knowledge of SAP environment. cost accounting principles, financial regulations, and reporting. - Advanced proficiency in Microsoft Excel, including macros. - Strong analytical and problem-solving abilities. - Ability to communicate complex financial data clearly to non-financial stakeholders. - Excellent organizational, time-management, and multi-tasking skills. - Personal Attributes: - High attention to detail and accuracy. - Strong communication, interpersonal, and leadership skills. - Ability to work independently and as part of a collaborative team in a fast-paced environment.Proactive and results-driven with a commitment to continuous improvement

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