Job Title: Cost Accountant Company: August Assortments Pvt. Ltd. (LOYKA) Location: Navi Mumbai Department: Accounts Email to Apply: Hiring@augustassortments.com Company Overview: At LOYKA, we take immense pride in our commitment to delivering premium indulgence through our confectionery products. With a focus on quality and the finest ingredients, we have established ourselves as a distinguished brand both in India and international markets. Renowned for our gourmet cookies and chocolates, Loyka stands for excellence, taste, and craftsmanship. Job Summary: We are seeking a Cost Accountant to join our Finance & Accounts team. The ideal candidate will play a critical role in analyzing product costing, improving margin controls, and leading robust payment reconciliation processes to support sound financial management and operational efficiency. Key Responsibilities: Cost Accounting: Assist in determining product pricing strategies based on cost inputs and market analysis. Analyze cost variances, investigate discrepancies, and recommend corrective actions. Perform monthly inventory valuation and reconcile with book records and physical stock. · Maintain accurate records of production costs, wastage, and yield percentages. · Work closely with the production, procurement, and sales teams to improve cost control. · Support budgeting, forecasting, and strategic decision-making based on cost data Payment Reconciliation: Perform daily, weekly, and monthly payment reconciliations across multiple accounts and vendors. Reconcile GST and TDS deductions from vendor payments and coordinate with compliance teams. Handle reconciliation of freight and transportation payments based on dispatch and delivery reports. Support month-end and year-end closing activities by ensuring all payment entries and reconciliations are accurate and up to date. Monitor and reconcile all payment modes: cash, credit card, digital wallets, online delivery platforms (e.g., Zomato, Swiggy, Uber Eats). Work with banks to confirm and track fund transfers, merchant settlements, and chargebacks. Maintain and update payment reconciliation reports weekly and monthly. Support internal controls by ensuring timely and accurate entries of payment data. Assist in the audit process by providing clear records of reconciliations and supporting documentation. Desired Candidate Profile: Education: B.Com / M.Com / MBA (Finance) / CMA . Experience: 3–4 years in a similar role; experience in FMCG, food, Hotel, Restaurant or confectionery industry preferred Sound knowledge of cost accounting principles, inventory management, and reconciliations Proficiency in Tally ERP, MS Excel, and financial systems
The Cost Accountant position at August Assortments Pvt. Ltd. (LOYKA) in Navi Mumbai within the Accounts department requires a candidate with a strong background in cost accounting to support the company's commitment to delivering premium confectionery products. August Assortments Pvt. Ltd., known for its gourmet cookies and chocolates, values excellence, taste, and craftsmanship in its offerings. Key Responsibilities: - Assist in determining product pricing strategies based on cost inputs and market analysis. - Analyze cost variances, investigate discrepancies, and recommend corrective actions. - Perform monthly inventory valuation and reconcile with book records and physical stock. - Maintain accurate records of production costs, wastage, and yield percentages. - Collaborate with the production, procurement, and sales teams to enhance cost control. - Support budgeting, forecasting, and strategic decision-making based on cost data. - Coordinate with banks for fund transfers, merchant settlements, and chargebacks tracking. - Assist in the audit process by providing clear records of reconciliations and supporting documentation. Desired Candidate Profile: - Education: B.Com / M.Com / MBA (Finance) / CMA. - Experience: 3-4 years in a similar role; experience in FMCG, food, Hotel, Restaurant, or confectionery industry preferred. - Sound knowledge of cost accounting principles, inventory management, and reconciliations. - Proficiency in Tally ERP, MS Excel, and financial systems. If you meet the qualifications and have the necessary experience, please send your application to Hiring@augustassortments.com.,