Job Description: Costing & Budgeting

1. Overview:

The Costing & Budgeting Analyst is responsible for providing accurate and timely cost and budget data to support strategic decision-making and business operations. This role collaborates closely with various teams within the organization to ensure optimal resource allocation and financial efficiency.

2. Key Responsibilities:

• Develop, implement, and maintain cost accounting systems and processes
• Prepare detailed cost estimations for products, services, and projects
• Analyze costs and identify areas of potential savings
• Create and monitor budgets to control expenses and ensure financial targets are met
• Track actual costs against budgets and report on variances
• Conduct periodic cost and budget reviews to identify trends and opportunities for improvement
• Provide cost and budget data for financial reporting, forecasting, and decision-making
• Collaborate with other departments (e.g., finance, operations, sales) to gather data and align cost and budget models

3. Technical Skills:

• Strong understanding of accounting principles and cost accounting techniques
• Proficiency in cost modeling and budgeting software (e.g., SAP, Oracle)
• Excellent analytical and problem-solving skills
• Ability to create and interpret financial reports and dashboards

4. Required Qualifications:

• Bachelor's or Master's degree in Accounting, Finance, or a related field
• 3+ years of experience in cost accounting or budgeting
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification preferred

5. Skills & Experience:

Costing:

• Expertise in cost classification, allocation, and analysis
• Understanding of different costing methods (e.g., activity-based costing, standard costing)

Budgeting:

• Ability to develop comprehensive budgets
• Experience in variance analysis and budget control
• Knowledge of budgeting best practices and regulatory requirements