Costing Head, 20 to 25 years in Hyderabad

Job Description

• Develop and maintain the company\'s costing system, ensuring accurate and timely cost data.
• Analyze production costs, identify variances, and recommend corrective actions.
• Prepare detailed cost reports, including cost of goods sold (COGS), inventory valuation, and gross margin analysis.
• Conduct periodic cost audits to ensure compliance with company policies and industry standards.

• Collaborate with department heads to prepare annual budgets and quarterly forecasts.
• Monitor budget performance and analyze deviations from planned costs.
• Provide cost projections and scenario analysis to support strategic decision-making.

• Identify opportunities for cost reduction and process improvements.
• Implement cost control measures and track their effectiveness.
• Develop and monitor key cost performance indicators (KPIs) to ensure financial efficiency.

• Ensure accurate and timely preparation of cost-related financial statements.
• Support the CFO in presenting cost analysis and financial insights to the board of directors and stakeholders.
• with external auditors during financial audits, providing necessary cost data and documentation.

• Lead and develop the costing team, fostering a culture of continuous improvement and accountability.
• Provide training and guidance to team members on cost accounting principles and best practices.
• Collaborate with cross-functional teams to ensure alignment on cost-related matters.

• Ensure compliance with relevant accounting standards, regulations, and company policies.
• Develop and implement internal controls to safeguard the company\'s financial assets.
• Stay updated on industry trends and regulatory changes affecting cost accounting.

• Must have CMA from the Institute of Cost Accountants of India (ICWA).
• Minimum of 20 years of experience in cost accounting, with a track record of progressive responsibility in a public limited company.
• Strong knowledge of cost accounting principles, financial reporting, and budgeting processes.
• Proficient in cost accounting software and ERP systems (e.g., SAP, Oracle).
• Excellent analytical, problem-solving, and organizational skills.
• Strong communication and presentation skills.
• Ability to work collaboratively in a cross-functional team environment.