Cost Analysis & Reporting: Develop and maintain accurate standard costs for all products, materials, and production processes. Conduct regular variance analysis comparing actual costs to standard costs and budgets.
Profitability Management: Work closely with the Sales and Production teams to calculate job costs, determine product profitability, and advise on pricing strategies.
Budgeting & Forecasting: Assist in the preparation of the annual operating budget, focusing on manufacturing costs, overheads, and capital expenditures.
Process Improvement: Identify, analyze, and implement cost-saving opportunities across all areas of the manufacturing process, from material procurement to finished goods.
Inventory Valuation: Oversee the valuation of inventory (raw materials, WIP, and finished goods) in compliance with company policies and accounting standards.