Costing Lead

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.