Production Cost Analysis Calculate and analyze the actual cost of production finished goods and workinprogress by tracking raw materials direct labor and manufacturing overhead MOHStandard Costing Management Establish maintain and periodically update standard costs for all products and componentsVariance Analysis Identify and analyze differences between standard costs and actual costs Investigate causes such as material waste purchase price fluctuations or production inefficiencies and recommend corrective actionsInventory Control amp Reconciliation Monitor inventory movements raw materials packaging and finished goods Reconcile book balances with physical counts and lead periodic and annual physical inventory auditsScrap and Waste Monitoring Track production scrap waste and spoilage rates to ensure they remain within allowable limits and report any abnormal lossesProfitability and BreakEven Analysis Evaluate the profitability of specific products and production lines and calculate breakeven points to guide sales and pricing strategiesBudgeting and Forecasting Actively participate in preparing the factorys annual budget and monthly forecasts ensuring accurate cost projectionsFinancial Reporting Prepare weekly and monthly cost reports for corporate finance and plant management providing clear insights and costsaving recommendationsRequirementsRequirementsWork Experience710 years of relevant experience in cost accounting within a manufacturing environmentHandson experience calculating production costs and managing standard costingProven experience in cost variance analysis inventory reconciliation and manufacturing cost controlExperience preparing cost reports budgets and profitability analysesTechnical SkillsStrong knowledge of manufacturing cost accounting including raw materials direct labor and manufacturing overheadAdvanced proficiency in Microsoft Excel including formulas Pivot Tables data analysis and cost reportingPractical experience using ERP systems such as SAP Oracle or OdooOdoo experience is highly preferred particularly in manufacturing inventory management and cost accounting modulesKey CompetenciesStrong analytical and numerical skillsHigh attention to detail and accuracyGood problemsolving and investigation skillsAbility to identify costsaving opportunities and recommend corrective actionsEffective communication and coordination with finance production procurement and warehouse teamsAbility to meet reporting deadlines and manage multiple tasks efficiently
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