Cost Manager at Wemy Industries Limited

Job Summary

• The Cost Manager is responsible for planning, monitoring, and controlling production and operational costs to ensure efficient use of resources and improved profitability. T
• he role involves analyzing cost structures, implementing cost-reduction strategies, and supporting management with accurate financial insights for decision-making.

Key Responsibilities

• Develop, implement, and maintain cost control systems for manufacturing operations.
• Monitor raw material, labor, overhead, and production expenses to ensure budget compliance.
• Prepare and analyze cost reports, variance analysis, and performance summaries.
• Identify cost-saving opportunities and recommend process improvements.
• Support budgeting, forecasting, and financial planning activities.
• Work closely with production, procurement, and warehouse teams to optimize resource usage.
• Evaluate suppliers’ pricing and support negotiation processes.
• Ensure accurate product costing and pricing structures.
• Review inventory levels and minimize waste, losses, and inefficiencies.
• Ensure compliance with company policies, internal controls, and regulatory requirements.
• Provide management with timely and reliable financial insights.
• Support audits and financial reviews related to cost management.

Qualifications & Experience

• Bachelor’s degree in accounting, Finance, Economics, or related field.
• Professional certification (ICAN, ACCA, CIMA) is an advantage.
• Minimum of 4 - 6 years’ experience in cost management or manufacturing finance.
• Strong knowledge of cost accounting and financial analysis.
• Proficiency in ERP systems and Microsoft Excel.
• Experience in FMCG or manufacturing environment preferred.