Assistant Manager - Costing

1. Cost Analysis & Reporting:

• Maintain the company's cost accounting system and databases.
• Perform variance analysis by comparing actual costs to standard or budgeted costs and investigating discrepancies.
• Prepare cost sheets and determine the product costing.
• Perform batch costing and process costing for different products.
• Prepare monthly, quarterly, and annual cost reports for management.
• Conduct cost analysis for new products, trail runs and projects.

2. Budgeting & Forecasting:

• Assist in preparing detailed department-wise budgets and financial forecasts.
• Analyse product margins and provide cost-based data to support management in strategic pricing decisions.
• Perform variance analysis to compare actual performance with budgeted figures and provide corrective actions.

3. Inventory & Asset Management:

• Monitor inventory levels, and track and record the cost of raw materials, packing materials, work-in-progress, and finished goods.
• Ensure accurate recording of inventory movements (issuances, receipts, adjustments).
• Work closely with the procurement and warehouse teams to ensure proper inventory control and cost management.

4. Process Improvement & Compliance:

• Identify wasteful spending and recommend changes to internal processes to improve efficiency.
• Ensure all cost accounting activities comply with Generally Accepted Accounting Principles (GAAP) and local regulatory standards.

Support internal and external audits by providing accurate cost data and documentation.