K

Costing & Budgeting

Mumbai, India

47 applied

Full-time

₹700000 - 1800000 Lakh/year

6-10 yrs

Posted on: Aug 28, 2025

Skills

costing

budgeting

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

Mumbai, Maharashtra, India