What You'll Do
Key Responsibilities
- Costing & Product Cost Analysis
- Maintain and update standard costs for materials, labor, and overheads.
- Analyze product margins, cost trends, and cost of goods manufactured.
- Provide costing support for new products, engineering changes, and pricing scenarios.
- Inventory & Variance Analysis
- Perform monthly inventory valuation and reconciliation.
- Analyze PPV, MUV, yield variances, labor efficiency, absorption variances, and overhead variances.
- Monitor inventory aging, scrap trends, and obsolescence provisions.
- Validate cycle count audits and drive annual physical inventory verification.
- Financial Reporting & Compliance
- Prepare cost reports, dashboards, and financial analysis for management.
- Support monthly closing activities (accruals, adjustments, journal entries).
- Ensure compliance with internal controls, accounting standards, SOX compliances and company policies.
- Ensure cost records comply with statutory requirements (Cost Audit, Cost Accounting Standards).
- Ensure accuracy of cost-related general ledger accounts and support audits (internal/external).
- Budgeting & Forecasting
- Drive annual cost budgeting, standard cost roll-up, and forecast updates for plant operations.
- Support savings tracking for cost reduction and productivity improvement initiatives.
- Operations Support
- Work closely with production, engineering, procurement, and sales to provide timely and accurate cost information.
- Support lean, Kaizen, and continuous improvement initiatives with cost impact evaluations.
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Qualifications
Qualifications
- Bachelor's degree in accounting, Finance, or Commerce.
- Professional certification preferred: CMA / ICWA or equivalent.
- 810 years of experience in cost accounting or plant finance (manufacturing preferred).
Skills
- Strong knowledge of standard costing, BOM, inventory accounting, and variance analysis.
- Proficiency in ERP systems (MFGPRO/QAD).
- Advanced Excel skills; familiarity with Power BI is a plus.
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Key Competencies
- Strong analytical and problem-solving skills.
- Attention to detail and accuracy.
- Ability to work cross-functionally in a manufacturing environment.
- Excellent communication and presentation skills.
- Ability to work under tight deadlines.
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