Senior Manager / Manager Costing

Role & responsibilities

1. Costing Analysis & Reporting:
• Perform regular cost analysis for products, services, and operational activities, identifying trends and areas for improvement.
• Prepare detailed cost reports, including variance analysis, for review by senior management and other departments.
• Support the budgeting and forecasting processes by providing accurate cost projections and updates.
2. Cost Control & Optimization:
• Monitor and evaluate departmental costs and work to identify cost-reduction opportunities.
• Implement cost-saving initiatives across operations without compromising product quality or efficiency.
• Analyze manufacturing and operational processes to recommend changes aimed at improving cost-effectiveness.
3. Cost Methodology & Pricing Support:
• Assist in developing and implementing cost structures, including standard costs, job order costing, and process costing.
• Work closely with the sales and production teams to support accurate pricing strategies based on cost data.
• Assist in pricing product bids and cost analysis for new or existing projects.
4. Inventory & Supply Chain Costing:
• Ensure accurate costing of inventory, including the valuation of raw materials, work-in-progress, and finished goods.
• Support the procurement and inventory management teams to track and control costs related to materials and supplies.
• Ensure that inventory-related costs are accurately reflected in financial reports.
5. Collaboration with Cross-Functional Teams:
• Work closely with the operations, production, and procurement departments to gather cost data and provide insights for decision-making.
• Collaborate with other departments to resolve cost-related issues and support process improvements.
• Provide costing support to the finance team in monthly and quarterly closings.
6. Costing Systems & Process Improvements:
• Ensure accurate and timely input of data into costing systems, ensuring data integrity.
• Recommend improvements in costing systems, procedures, and tools to enhance reporting accuracy and process efficiency.
• Identify and implement best practices for the costing process to increase operational efficiency.
7. Team Leadership (for Senior Manager role):
• Supervise and mentor junior team members, offering guidance and support in their professional development.
• Delegate tasks, track team performance, and ensure that deadlines are met.
• Foster a collaborative work environment focused on continuous improvement in the costing function.
8. Compliance & Regulatory Requirements:
• Ensure that all costing practices are compliant with relevant accounting standards and company policies.
• Keep abreast of changes in costing regulations or accounting standards and implement necessary changes in the companys costing processes.

Preferred candidate profile

• Strong analytical and numerical skills
• Knowledge of cost accounting methods (standard costing, job order costing, process costing)
• Ability to manage and prioritize multiple tasks in a fast-paced environment
• Leadership capabilities (for Senior Manager position)
• Advanced Excel skills and proficiency with financial software
• Strong written and verbal communication skills
• Ability to work effectively in a team environment

• Ready to work for 6 days working

Perks and benefits

Best in Industry for deserving candidates