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Sr. Costing Specialist handbag/footwear
4 weeks ago
US Company
- HCM City
- Attractive Salary
A Senior Costing Specialist plays a crucial role in managing and analyzing the costs associated with a company's products or services. This role is often found in industries such as manufacturing, finance, or any business where understanding and controlling costs are essential. Here are some key responsibilities and qualifications typically associated with a Senior Costing Specialist role:
**Responsibilities**:
- **Cost Analysis**: Conduct thorough analysis of product/service costs, including direct and indirect costs, to ensure accurate cost representation.
- **Cost Estimation**: Develop and implement cost estimation models to predict future expenses and identify areas for cost-saving opportunities.
- **Budgeting and Forecasting**: Collaborate with financial teams to assist in budgeting and forecasting processes, providing insights into cost trends and variances.
- **Process Improvement**: Identify and implement process improvements to enhance the accuracy and efficiency of costing procedures.
- **Financial Reporting**: Prepare and present financial reports related to costing, highlighting key findings and recommendations to senior management.
- **Cross-functional Collaboration**: Work closely with various departments such as finance, production, and procurement to gather relevant data and ensure accurate cost allocation.
- **Compliance**: Ensure compliance with relevant accounting standards and regulations in all cost-related activities.
- **Cost Control**: Implement strategies to control and reduce costs while maintaining product or service quality.
- **Decision Support**: Provide decision support through cost-related analysis to aid management in making informed business decisions.
**Qualifications**:
- **Educational Background**: Typically, a Bachelor's degree in Accounting, Finance, Business, or a related field. A Master's degree or relevant professional certifications (e.g., CMA, CPA) may be preferred.
- **Experience**: Several years of experience in cost accounting or a related field, with a track record of increasing responsibility. Experience in a senior or leadership role is often required.
- **Analytical Skills**: Strong analytical and problem-solving skills, with the ability to interpret complex financial data and trends.
- **Communication Skills**: Excellent communication skills to convey complex financial information to various stakeholders, including non-financial personnel.
- **Attention to Detail**: Meticulous attention to detail is crucial to ensure accuracy in cost calculations and reporting.
- **Strategic Thinking**: Ability to think strategically and contribute to the development of cost management strategies aligned with overall business objectives.
- **Team Leadership**: Leadership skills to guide and mentor junior staff, as well as collaborate effectively with cross-functional teams.
A Senior Costing Specialist plays a pivotal role in helping organizations make informed financial decisions and optimize their cost structures for sustained success.
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