Cost Optimization Specialist

Designation : Assistant Manager Costing

Education / Other requirements : ( MANDATORY)

Cost & Management Accountant (CMA) or pursuing Cost & Management Accountant (CMA)

Location : Andheri West, Lokhandwala

Job Description / Key Responsibilities :

• Collect, analyze, and report on cost accounting data, including production costs, labour, raw materials, overheads, and other operational expenses.
• Inventory valuation
• Maintenance of costing and pricing module in System
• Generation of price list on a quarterly basis
• Prepare and maintain standard cost reports, conduct variance analysis (comparing actual costs to standard / budgeted costs), and identify discrepancies.
• Generate periodic (Monthly, quarterly, annual) cost forecasts and budgeting reports for the company and individual departments / business units.
• Prepare & review of plant & Subsidiary MIS
• Analyze and report on profit margins for various products.
• Preparation of product costing of new formulation and updating of existing on timely manner
• Review of cost and assist Business development team for price revision on timely manner
• Research and analyze material costs, production processes, and operational expenditures to identify cost-saving opportunities and recommend solutions.
• Continuously monitor and improve accounting processes and systems to streamline and enhance the accuracy and efficiency of financial reporting.
• Provide ad-hoc financial analysis and detailed reports as required by management.
• Proactively identify opportunities for process enhancements, automation of cost calculations, and implementation of tools to streamline cost reporting procedures.
• Provide financial insights and recommendations to improve operational efficiency and profitability.
• Stay updated with industry trends, cost optimization strategies, and advanced cost accounting methodologies.
• Assist with financial analysis and forecasting for new projects, investments, or business opportunities.