Manager - Costing - Valves & Steam Engineering Industry - ICWA

Job Role : Manager - Manufacturing Costing - Ahmednagar (Maharashtra)

Industry : Manufacturing Industry (Valves, Steam, Industrial Equipment, Chemical)

Qualification : ICWA (Mandatory)

Job Description:

- Responsible for setting up and maintenance of accurate process cost information, reconciliation of standard costs to actual costs, maintenance of perpetual inventory system, participating in the month end close and budgeting process, and day-to-day operations and reporting requirements.

- Responsible for developing/maintaining an effective cost accounting system to reduce costs and improve overall profitability.

Duties & Responsibilities:

- Process Cost accounting - responsible for the accurate reporting of Cost of raw material, machine cost, Machine hour rate, labor cost, manufacturing process cost, etc.

- Design the strategical SOPs for tracking the costing parameters of existing rates & new market rates, Analysis parameters, protocols, monthly reviews, etc.

- Prepare analysis report on standard cost, estimated cost & actual cost.

- Performs regular cycle counts to correct inventory misstatements.

- Maintenance of a perpetual inventory system.

- Monthly closing process - schedule and coordinate with outside departments and within the department to meet the 4-day close.

- Actively participate in the annual budgeting process by providing updated cost information across different product lines.

- Coordination with finance department and internal/external auditors

- Reconciliation of inventory balances.

- Analyze complex manufacturing processes in coordination with Plant managers to improve decision making.

- Maintain integrity and accuracy of accounting system.

- Any other duties as assigned.