JOB RESPONSIBILITIES:

Standard Cost Setting: Establish standard costs for materials, labor, and overhead based on historical data, industry benchmarks, and other relevant factors.
Variance Analysis: Monitor and analyze the differences (variances) between standard costs and actual costs incurred during production. Investigate and explain significant variances to management.
Budgeting and Forecasting: Assist in the development of budgets and forecasts by providing input on cost-related factors. Monitor actual performance against budgeted targets and provide explanations for any deviations.
Inventory Control: Implement and maintain inventory control procedures to ensure accurate recording of inventory levels and valuation in accordance with standard costs.
Cost Reporting: Prepare regular cost reports and performance metrics to track key cost drivers and identify areas for improvement. Present findings to management and provide recommendations for cost-saving initiatives.
Costing Systems Management: Oversee the maintenance and accuracy of the costing system, ensuring proper allocation of costs to products or production units using standard cost methodologies.
Process Improvement: Collaborate with cross-functional teams to identify opportunities for process improvements and cost optimization. Implement cost-saving initiatives and efficiency enhancements as appropriate.
Compliance and Controls: Ensure compliance with relevant accounting standards, internal controls, and regulatory requirements in all cost-related activities. Identify and address any compliance issues or control weaknesses.

POSITION SPECIFICATONS :
Qualification
Degree in Accounting / Finance
Experience : Min 5 years of working experience in manufacturing

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