Costing Lead

Costing

A Costing Lead is responsible for developing, implementing, and maintaining cost accounting systems, analyzing costs, identifying cost variances, and implementing strategies to reduce costs and improve profitability, involving project budgeting and financial reporting.

Responsibilities :

Cost Accounting System Development and Maintenance:

• Develop and maintain a robust cost accounting system to accurately track and analyze costs.
• Ensure the system aligns with industry best practices and company policies.

Cost Analysis and Variance Reporting:

• Analyze actual costs against budgeted or standard costs to identify variances.
• Investigate the causes of variances and propose corrective actions.
• Prepare regular cost reports and analyses for management.

Cost Reduction and Improvement:

• Identify opportunities for cost reduction and efficiency improvements.
• Develop and implement strategies to achieve cost savings.
• Monitor the effectiveness of cost reduction initiatives.

Project Budgeting and Cost Control:

• Develop and manage project budgets.
• Monitor project costs against budget and identify potential overruns.
• Take corrective action to ensure projects stay within budget.

Financial Reporting:

• Prepare accurate and timely financial reports, including cost statements and analyses.
• Support the preparation of financial statements and budgets.

Collaboration and Communication:

• Work closely with other departments, such as operations, engineering, and procurement, to ensure accurate cost data and effective cost management.
• Communicate cost information and analysis to management and other stakeholders.

Skills and Qualifications:

Education and Experience Requirements:

• Bachelor's degree in accounting, finance, or a related field. (CMA preferred.)
• At least 6 years of experience in costing & financial analysis.

Qualifications and Skills:

• Financial and analytical skills.
• Adept written and verbal communication skills.
• Strong project management.
• Working knowledge of business and financial data software.

Technical Skills:

• Proficiency in cost accounting principles and methods.
• Strong analytical and problem-solving skills.
• Experience with ERP systems and financial software.
• Excellent spreadsheet and data analysis skills.

Soft Skills:

• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Attention to detail and accuracy.
• Ability to manage multiple tasks and deadlines.