Head of Costing
Job Responsibilities
- Set costing standard and implement the necessary procedure to streamline cost data collection and analysis & improve the cost efficiency of the organization.
- Choose and apply appropriate costing methods (e.g., standard costing, activity-based costing) to determine the cost of products or services. Monitor cost trends, fluctuations, and variances, investigating discrepancies and proposing corrective actions.
- Analyze actual Material, labor and overhead cost against slandered/budget research and explain variances, and submit reports as needed.
- Implement new mechanism/protocol to improve the accuracy and effectiveness of costing and budgeting processes.
- Cost-Center wise Report Preparation including developing, presenting, and overseeing financial budgets on an annual and quarterly basis.
- Ensure daily, weekly, monthly, and periodic operational reports like Pre-Costing and Post-Order Costing Report, Batch Cost Reports, Conversion Cost Analysis, Utility Expense Report etc are duly tracked, analyzed & area of improvement is determined.
- Identify the cost-saving opportunities and make recommendations to reduce costs without hampering smooth business operation.
- Forecast financial needs throughout the year.
- Evaluate budget & cost proposals and financial requests for viability.
- Providing financial analysis and strategic input to facilitate high-level decision-making by management.
- Identify, flag, and analyze potential financial and budgetary risks.
- Establish key performance indicators (KPIs) and metrics to assess and report on various aspects of the organization's operation, understand the deviation objectively & take effective countermeasure.
- Any other tasked assigned by Management.
Experience Requirements
- At least 16 year(s)
- The applicants should have experience in the following area(s):
Cost Management, Product Costing and budgeting - The applicants should have experience in the following business area(s):
Garments
Apply For This JOB
Industry :
Functional Area :
Cost Accounting
Location :
DHAKA , BANGLADESH
Salary :
Negotiable
Gender :
Male
Work Type :
Full Time
Age :
42-47
Education :
Graduate
Years of Experience :
0-16
Apply By :
21 of Dec 2023
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