Cost Analyst - Noida, India - Pooja International

Description

Job Title: Costing and Profit & Loss Analyst

Overview:

As a Costing and Profit & Loss Analyst in a garment export house, your primary responsibility will be to analyze and manage the financial aspects of the company's operations, with a focus on costing and profitability. You will play a crucial role in ensuring accurate cost calculations, identifying cost-saving opportunities, and providing insights into the financial performance of the business.

Key Responsibilities:

1. Cost Analysis:

• Conduct detailed cost analysis for various stages of garment production, including raw materials, labor, overheads, and transportation.
• Collaborate with procurement and production teams to gather cost-related information and ensure accurate cost estimation for each product.

1. Profit and Loss Management:

• Prepare, analyze, and interpret monthly, quarterly, and annual financial statements.
• Identify key drivers impacting the Profit & Loss statement and provide recommendations for improvement.
• Monitor and report on variances between actual and budgeted financial performance.

1. Budgeting and Forecasting:

• Assist in the development of annual budgets and forecasts, providing key input on revenue and cost projections.
• Continuously monitor budget performance, identifying trends and making adjustments as necessary.

1. Cost Control:

• Implement cost control measures to optimize operational efficiency and reduce unnecessary expenditures.
• Work closely with department heads to identify cost-saving opportunities without compromising product quality.

Qualifications and Skills:

• Bachelor's degree in Finance, Accounting, or related field.
• Proven experience in costing analysis, financial analysis, or a related role within the garment or textile industry.
• Strong analytical skills with attention to detail.
• Proficient in financial modeling and using relevant software (Excel, ERP systems).
• Excellent communication and interpersonal skills.
• Ability to work collaboratively in a fast-paced environment.