Cost Accountant

Seeking a proactive and detail-oriented Cost Accountant to join our team, focusing on cost reduction initiatives.

The ideal candidate will have min 2-4 years of experience in Cost Reduction Area and will support the organizations efforts to optimize costs, improve efficiency, and enhance profitability through thorough analysis, strategic planning, and implementation of cost-saving measures.

We prefer candidate from Manufacturing industry experience only.

Key Responsibilities:

• Analyze existing cost structures, including direct and indirect costs, to identify areas for improvement and cost reduction opportunities.
• Collaborate with cross-functional teams, including operations, procurement, and finance, to gather data, assess cost drivers, and develop cost reduction strategies.
• Conduct cost analysis and variance analysis to track performance against budgeted costs and identify areas of overspending or inefficiency.
• Assist in the development and implementation of cost reduction initiatives, including process improvements, supplier negotiations, and resource optimization efforts.
• Prepare cost models and financial projections to evaluate the potential impact of proposed cost reduction initiatives on the organizations financial performance.
• Monitor and report on the progress of cost reduction projects, including tracking savings achieved, identifying obstacles or challenges, and recommending adjustments as needed.
• Provide support in the preparation of cost reports, presentations, and business cases to communicate findings, recommendations, and ROI analysis to management and key stakeholders.
• Stay update of industry trends, best practices, and emerging technologies related to cost management and cost reduction strategies.
• Collaborate with internal audit and compliance teams to ensure adherence to internal controls, policies, and regulatory requirements in cost reduction activities.

Qualifications & Experience: -

Candidate with ICWA degree.

Candidate should have 2-4 years of experience in cost reduction, budgeting, & related areas of Cost Accounting & Financial Analysis from FMCG industry