Job Description

The Cost Account Management - Management Trainee role is designed for recent graduates who are interested in learning about cost accounting, budgeting, financial analysis, and cost management in a dynamic environment. You will work closely with senior finance professionals to assist in cost accounting processes, prepare reports, analyze cost data, and support decision-making for cost optimization. Responsibilities: Cost Analysis: Assist in analyzing and monitoring the cost structure of products and services to identify cost-saving opportunities and improve efficiency. Budgeting & Forecasting: Help prepare budgets and forecasts for cost control and manage financial planning activities to ensure accurate resource allocation. Cost Reporting: Support the preparation of detailed cost reports, including variances, trends, and cost reconciliation, ensuring accurate data for management decision-making. Cost Control: Work with the cost accounting team to monitor actual costs against budgeted costs and identify areas for improvement or potential savings. Financial Data Management: Assist in maintaining accurate financial records related to costs, including inventory valuation, production costs, and overhead allocations. Process Improvement: Analyze current cost accounting procedures and recommend improvements to streamline operations, enhance reporting accuracy, and reduce costs. Collaboration & Support: Work closely with cross-functional teams, including operations, production, and finance, to ensure alignment on cost management strategies. Learning & Development: Participate in training sessions and mentorship opportunities to develop technical skills in cost accounting and gain exposure to financial systems and tools. Qualifications: Education: Bachelors degree in Accounting, Finance, Economics, or a related field. Additional certifications (e.g., CIMA, CPA) are a plus. Experience: Fresh graduates or candidates with up to 1-2 years of relevant experience in cost accounting or financial analysis. Skills: Strong analytical and problem-solving skills, with the ability to interpret complex financial data and generate actionable insights. Technical Skills: Proficiency in Microsoft Excel and financial reporting tools. Familiarity with ERP systems and cost management software is a plus. Communication: Good communication skills, with the ability to collaborate with cross-functional teams and present findings clearly. Attention to Detail: High attention to detail and accuracy in handling cost data and financial reports. Proactive Learner: Enthusiasm for learning and developing a career in cost accounting and financial management.

Cadila Pharmaceuticals