Manager - Costing

le contenu du travail

Exp: 8-10 years; To lead and direct budget planning, expenses control processes and oversee the provision of appropriate tools, methods, technology and guidance to continuously enhance the budgeting and cost control efficiency in line with the groups budgeting policies, standards and guidelines. Functional Responsibilities Ensure that costs of products and services of Malabar Group are allocated according to corporate procedures and in compliance with financial accounting standards. Analyze the costs of materials, processes, and labor to determine methods of reducing costs. Develop and implement company’s cost control procedures and policies. Run the monthly cost forecasts and ensure all targets are met within the stipulated time. Ensure that there is accurate recording of expenditure in the appropriate journals and ledgers. Monitor generation of reconciliation reports in order to identify and highlight gaps, if any, and take corrective actions to report accurate financial performance. Gather historical cost data (materials, labor, depreciation, operating expenses etc.) for the preparation of budget reports so that budget spending is tracked and excess are anticipated and justified in order to be pre-approved and included in the budget plans. Encourage the budget holders to submit budgets at the expected time. Monitor the preparation of annual operating budget (including revenue budget, inventory budget, various cost budgets, etc.) and annual financial budget (including Capital expenditure budget, cash budget, etc.) of different functions within the group. Manage the financial reporting process by preparing timely MIS reports, consolidated and group wise for calculating profitability and monthly reviews, managing the cash flow and the free cash flows, which helps the firm in calculating the fund which can be reinvested. Oversee the cost control systems, manages and interprets cost audits, and prepares cost accounting reports for presentation to top management. Participate in meetings to review non-standard variances and gross margin analysis with senior management. Assists senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports. Apportion costs between manifold units of management and prepare, devise, and regulate procedures for establishing unit cost of services and products. Ensure the arrangement of cost to material costs, wages, and overhead costs. Formulate goals and assessments annually, in a timely manner. Suggest to ameliorate accounting methods and processes. Maintain accurate costing methodology in the ERP system. Develop costing methodology and KPI reporting for inventory & management cost reporting (P&L). Conduct monthly manufacturing and overhead variance research, analysis and reporting, including labor/overhead absorption by product lines. Prepare and analyze department expense variances (actual to budgets/forecasts), monthly revenues & associated gross margin analysis. Drive the development of procedures and controls that ensure meaningful and reliable product costs