Job Description

The

- Cost Center ExecutiveJob Title:

Cost Center Executive / Costing Executive

Department:

Accounts / Finance / Operations

Reporting To:

Senior Accountant / Finance Manager / Director

Location:

Surat, Gujarat

Employment Type:

Full-Time

Job Purpose:

The Cost Center Executive is responsible for monitoring, controlling, and analyzing cost centers across the organization. The role ensures accurate cost allocation, effective budget control, detailed cost reporting, and supports management with actionable insights to improve cost efficiency and profitability.

Key Responsibilities:1. Cost Center Creation & Maintenance

Create, define, and maintain cost centers for all departments including production, dyeing, printing, design, stores, utilities, and administration Ensure correct mapping of expenses to appropriate cost centers Update cost center structures as per operational or organizational changes

2. Expense Tracking & Allocation

Monitor daily, weekly, and monthly expenses across all cost centers Allocate direct, indirect, and overhead costs accurately Ensure proper classification of fixed, variable, and semi-variable costs

3. Cost Analysis & Variance Reporting

Compare actual costs against budgeted and standard costs Identify cost variances and analyze root causes Prepare variance analysis reports with clear explanations and recommendations

4. Budgeting & Forecasting Support

Assist in preparation of department-wise and cost center-wise budgets Track budget utilization and highlight deviations Support cost forecasting and planning activities

5. MIS & Management Reporting

Prepare detailed MIS reports on cost center performance Submit weekly and monthly cost reports to management Provide accurate cost data for pricing, quotation, and profitability analysis

6. Coordination with Departments

Coordinate with production, stores, HR, and accounts teams to collect and validate cost data Verify data related to material consumption, wastage, labor hours, and machine utilization Resolve discrepancies through effective cross-functional coordination

7. ERP / System Data Management

Ensure accurate and timely entry of cost-related data in ERP or accounting systems Reconcile cost data with financial records Support system enhancements related to costing and cost center reporting

8. Cost Control & Efficiency Improvement

Identify cost-saving opportunities and process inefficiencies Monitor wastage, rework, idle time, and overhead absorption Recommend and support the implementation of cost optimization measures

9. Audit & Compliance Support

Maintain proper documentation and records for cost centers Assist internal and external auditors with cost-related data Ensure compliance with company policies and standard costing procedures

10. Continuous Improvement & Management Support

Support management in strategic and operational decision-making Participate in process reviews and improvement initiatives Perform additional costing and analysis tasks assigned by management

Key Skills & Competencies:

Strong knowledge of costing and cost control principles Excellent analytical and problem-solving skills Proficiency in MS Excel and ERP/accounting software High attention to detail and accuracy Good communication and coordination skills

Educational Qualification:

B.Com / M.Com / MBA (Finance) / Cost Accounting background preferred

Experience:

2-5 years of experience in costing or cost center management Experience in manufacturing or the textile industry preferred

Notice Period & Employment Terms:

Notice Period:

2 months

During notice period, a 1-month

leave notice mandatory

Other terms as per the company HR policy

Key Performance Indicators (KPIs):

Accuracy of cost allocation Timely MIS and report submission Cost variance control and analysis quality Support for management decision-making
Job Types: Full-time, Permanent

Pay: ₹25,000.00 - ₹30,000.00 per month

Benefits:

Commuter assistance Food provided
Work Location: In person