Cost Accountant

Experience: 10-15 years
Qualification: Cost Accountant / MBA Finance candidates with strong costing and financial analysis experience

About the Role

We are looking for a highly analytical and commercially oriented Costing & Cost Optimization professional including MIS & Budgeting who can independently analyze the Company's costs, identify unnecessary expenditure, recommend cost-saving measures.

Key Responsibilities

1. Costing & MIS

• Independently analyse the Company's cost structure on a monthly basis.
• Prepare detailed business-wise, department-wise, location-wise and activity-wise costing.
• Analyse fixed costs, variable costs, manpower costs, technology costs, vendor costs, administrative costs and other operating expenses.
• Identify cost overruns and investigate the reasons for deviations from budget.
• Develop appropriate cost-per-transaction / cost-per-claim / cost-per-employee / cost-per-service metrics for TPA operations.
• Analyse profitability and contribution margins of different business segments, clients and projects.
• Identify loss-making clients/contracts/business activities and recommend corrective action.
• Prepare management dashboards showing Budget vs Actual vs Previous Period vs Target.

2.  Expense Analysis

• Analyse expenses incurred through the Company which relate to promoters/management and provide clear classification and reporting.
• Review expenses maintained in private books for management-level cost analysis wherever required.
• Prepare consolidated management analysis of relevant Company and private expenses with comparison with Budget and Actual.
• Identify avoidable expenditure and opportunities for better allocation/control.
• Establish appropriate approval and documentation mechanisms for management/promoter-related expenses.
• Prepare management dashboards showing Budget vs Actual vs Previous Period with reason for Increase in Cost compared to Budget.

3. Budgeting & MIS

• Assist management in preparing annual operating budgets.
• Establish cost budgets for departments and business verticals.
• Conduct monthly budget variance analysis.
• Highlight significant adverse variances with reasons and corrective action.
• Develop rolling forecasts for major expense categories.

Candidate Profile

• 10–15 years of relevant experience in costing, management accounting, financial analysis, cost control, FP&A, business finance or cost optimization.
• Cost Account who handles above work will be preferred.
• Strong experience in cost analysis and cost reduction is more important than routine accounting experience.
• Experience in a service industry, healthcare, insurance, TPA, BPO, technology or transaction-processing business will be an advantage.
• Strong Excel skills are essential.
• Experience with Power BI / MIS / financial modelling will be an advantage.
• Must be commercially minded and capable of challenging unnecessary expenditure.
• Should have strong analytical and problem-solving skills.
• Should be comfortable interacting with senior management and business heads.

Key Performance Indicators (KPIs)

• Actual annual cost savings achieved.
• Percentage reduction in controllable operating costs.
• Reduction in cost per transaction/claim.
• Budget adherence.
• Reduction in recurring unnecessary expenses.
• Improvement in manpower productivity.
• Vendor cost reduction.
• Implementation rate of approved cost-saving initiatives.
• Accuracy of costing and profitability analysis.
• Timeliness and quality of management MIS.
• ROI achieved from automation/process improvement initiatives.

406-412, Neelkanth Corporate IT Park, 4th Floor, Kirol Road/ Village,

Vidyavihar Society, Vidyavihar (West), Mumbai – 400086.

Maharashtra, India.

Mobile no:[phone removed] or [email removed]

Regards

Pratiksha