A Jewellery Costing Executive's responsibilities include accurately calculating the cost of raw materials, labor, and manufacturing overhead for jewelry pieces to ensure proper pricing and profitability, analyzing cost variances, collaborating with procurement and production teams on cost optimization, and providing insights to management to support strategic decision-making and financial health. Key skills involve strong analytical abilities, knowledge of precious metals and gemstones, familiarity with cost accounting principles, and proficiency with financial software. Key Responsibilities
- Cost Calculation:Develop detailed cost sheets for jewelry items, incorporating raw materials (gold, silver, precious stones), labor, manufacturing overheads, and waste.
- Cost Analysis:Conduct cost variance analysis to identify deviations from standard costs and understand their financial impact.
- Pricing Strategy:Provide insights into cost structures to support the development and optimization of pricing strategies to ensure profitability.
- Collaboration:Work closely with procurement to manage raw material costs and with production teams to understand labor and overhead expenses.
- Profitability:Analyze financial data to assess the profitability of various jewelry lines and contribute to overall financial performance.
- Budgeting and Forecasting:Assist in preparing budgets and forecasts, especially concerning volatile raw material prices like gold and silver.
- Reporting:Generate reports on cost structures, financial performance, and trends to inform management decisions.
- Inventory Management:Support accurate inventory valuation, which is crucial for accurate costing.
Key Skills and Qualifications
- Analytical Skills: Strong ability to analyze complex financial data and understand cost structures.
- Cost Accounting Expertise: Proficiency in cost accounting principles, methods, and software.
- Jewellery Industry Knowledge: Understanding of precious metals, gemstones, design, and manufacturing processes.
- Financial Modeling: Ability to use tools for budgeting, forecasting, and scenario analysis.
- Software Proficiency: Familiarity with accounting and enterprise resource planning (ERP) systems.
- Collaboration and Communication: Ability to communicate financial information clearly and collaborate effectively with various departments
Job Type: Full-time
Pay: ₹20,000.00 - ₹25,000.00 per month
Work Location: In person
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