Job Title: Cost Control Manager
Location: Hyderabad
Reports to: Head of Finance
Job Summary:
The Cost Control Manager will oversee and manage all cost-related functions within the manufacturing process,
ensuring cost efficiency without compromising on quality or production targets.
This individual will work closely with the finance, procurement, production, and engineering teams to develop and
implement cost control measures, analyze cost performance, and optimize the use of resources.
Key Responsibilities:
Cost Management & Control:
a) Develop and implement cost control strategies to optimize manufacturing processes.
b) Regularly review and analyze production costs, material costs, labor costs, and overhead expenses.
c) Monitor cost variances, identify areas for cost savings, and propose corrective actions.
d) Prepare cost forecasts and budgets based on production plans, raw materials, and labor needs.
Budgeting & Forecasting:
a) Assist in the preparation of the annual budget for manufacturing operations.
b) Perform monthly, quarterly,
and yearly forecasting of production costs and variance analysis.
c) Monitor and ensure alignment of actual expenses with the budget and forecasts.
Cost Analysis & Reporting:
a) Conduct regular cost analysis reports, comparing actual vs. standard costs.
b) Generate detailed reports on cost trends, variances, and performance against budget.
c) Provide financial analysis to support decision-making in production and pricing strategies.
Inventory Control:
a) Collaborate with the inventory management team to optimize inventory levels and reduce holding costs.
b) Ensure accurate tracking and reporting of raw material usage, wastage, and finished goods inventory.
c) Identify opportunities to minimize inventory carrying costs while maintaining sufficient stock levels for
production.
Vendor and Supplier Cost Management:
a) Work closely with procurement to negotiate favorable terms with suppliers and vendors.
b) Analyz