- Develop and implement cost control strategies to improve financial efficiency.
- Monitor and analyze production costs, material expenses, and labor costs.
- Prepare cost estimates and forecasts for budgeting and financial planning.
- Identify cost-saving opportunities and recommend actionable solutions.
- Ensure accurate cost accounting and reporting in compliance with industry standards.
- Collaborate with procurement and production teams to manage cost variations.
- Conduct variance analysis and provide insights into cost deviations.
- Implement best practices for cost allocation and financial management.
- Lead and mentor the cost accounting team to enhance overall efficiency.
- Stay updated on industry trends, economic conditions, and cost management techniques.
Bachelor’s or Master’s degree in Finance, Accounting, Economics, or a related field.Minimum 10 years of experience in cost management, with at least 5 years in a managerial role within the textile or manufacturing sector.Strong understanding of cost accounting principles and financial analysis.Proficiency in ERP systems and financial management tools.Excellent analytical, problem-solving, and decision-making skills.Strong communication and leadership abilities.Ability to work under pressure and meet deadlines.