Finance Cost Controller - Chennai, India - Efficacy AMS Pvt. Ltd.

Description

Company Description

Efficacy AMS Pvt. Ltd. is a leading outsourcing services company based in Chennai. We specialize in staffing, in-plant logistics operations, and quality inspection services. Our goal is to help businesses focus on their core areas by outsourcing their transactional work to us. With expertise in staffing services, in-plant logistics operations, and quality inspection services, we work as a strategic partner to achieve our clients' business goals.

Key Responsibilities:

1. Cost Analysis: Conduct thorough analysis of manufacturing costs, including direct materials, labor, and overhead expenses. Identify areas of cost inefficiencies and develop strategies to address them.
2. Budgeting and Forecasting: Collaborate with management to develop annual budgets and forecasts for manufacturing costs. Monitor actual performance against budgeted targets and provide regular updates and variance analysis.
3. Inventory Management: Implement effective inventory control procedures to optimize inventory levels and minimize carrying costs. Monitor inventory turnover rates and identify opportunities for improvement.
4. Cost Reduction Initiatives: Lead cost reduction initiatives by identifying opportunities to streamline processes, reduce waste, and improve efficiency. Work cross-functionally with other departments to implement cost-saving measures while maintaining product quality standards.
5. Standard Costing: Establish and maintain standard costing systems for manufactured products. Regularly review and update standard costs to ensure accuracy and relevance.
6. Financial Reporting: Prepare monthly, quarterly, and annual financial reports related to manufacturing costs. Present findings and recommendations to senior management to support decision-making processes.
7. Compliance and Risk Management: Ensure compliance with relevant accounting standards, regulations, and company policies. Identify potential financial risks and implement controls to mitigate them.
8. Continuous Improvement: Drive a culture of continuous improvement within the finance and manufacturing teams. Encourage collaboration and innovation to achieve cost optimization goals.

Qualifications:

• Bachelor's degree in finance, accounting, or a related field. Advanced degree or professional certification (e.g., CPA, CMA) preferred.
• Previous experience in cost accounting, financial analysis, or related roles within the manufacturing industry, preferably in electronic manufacturing.
• Strong analytical skills with the ability to interpret complex financial data and identify key insights.
• Proficiency in financial modeling and cost analysis techniques.
• Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams.
• Solid understanding of manufacturing processes and cost drivers.
• Proficiency in Microsoft Excel and other relevant financial software applications.