Location
Aurangabad | India
Job description
Responsibilities
A Costing Executive plays a crucial role in a company's finance and accounting department, specifically focusing on cost management and analysis. The job profile may vary across industries, but generally, the responsibilities of a Costing Executive include:
- **Cost Analysis:**
- Analyzing and reviewing product costs, production costs, and operating costs.
- Conducting cost variance analysis to identify and understand the reasons for any discrepancies between actual and budgeted costs.
- **Cost Estimation:**
- Assisting in the estimation of costs for new products or services.
- Collaborating with various departments to gather relevant data for accurate cost projections.
- **Budgeting and Forecasting:**
- Participating in the budgeting process by providing cost-related insights and data.
- Assisting in the preparation of financial forecasts based on historical cost data and industry trends.
- **Cost Control:**
- Implementing and monitoring cost control measures to ensure that expenses align with budgeted figures.
- Recommending and implementing cost-saving initiatives without compromising quality or efficiency.
- **Inventory Management:**
- Collaborating with the inventory management team to ensure accurate valuation of inventory.
- Monitoring inventory levels and proposing adjustments to avoid overstocking or stockouts.
- **Financial Reporting:**
- Preparing and presenting cost-related reports to management.
- Providing financial insights and recommendations to support strategic decision-making.
- **Process Improvement:**
- Identifying opportunities for process improvements to enhance cost-effectiveness.
- Collaborating with cross-functional teams to implement efficiency measures.
- **Compliance:**
- Ensuring compliance with accounting standards and company policies in relation to costing.
- Participating in audits and providing necessary documentation.
- **Data Analysis:**
- Utilizing data analysis tools and techniques to extract meaningful insights from cost data.
- Presenting findings in a clear and understandable manner.
- **Communication:**
- Collaborating with various departments, including production, procurement, and finance, to gather information and align cost management efforts with overall organizational goals.
Job tags
Salary
