Job
Description
As a Cost Accountant in the manufacturing confectionery sector at APIIC State Food Park, your role will involve managing and analyzing all cost-related aspects of the manufacturing and distribution processes. You will focus on accurate product costing, pricing analysis, variance reporting, margin improvement, and profitability enhancement. Collaboration with production, procurement, and sales departments will be essential for optimal cost control and decision-making support. **Key Responsibilities:** - Develop and maintain accurate standard costs for all confectionery SKUs, including raw materials, labor, overheads, and packaging, and update as per actual costs. - Analyze bill of materials (BOM) and routing to ensure cost accuracy and integrity. - Conduct regular cost roll-ups and updates reflecting production changes, supplier pricing, and efficiency improvements. - Support commercial and sales teams in pricing decisions by providing detailed cost and margin analysis. - Prepare cost-to-serve models for various customer segments and distribution channels. - Perform product and customer profitability analysis to identify low-margin items and opportunities for improvement. - Monitor and analyze manufacturing variances including purchase price variance (PPV), labor variance, and overhead absorption. - Assist in the preparation of annual budgets, cost forecasts, and long-term financial plans. - Monitor inventory valuation and ensure correct costing of raw materials, WIP, and finished goods. - Ensure adherence to accounting standards, internal policies, and cost accounting principles. **Required Qualifications & Skills:** - Bachelor's degree in Accounting, Finance along with Cost Accounting certification (ICWA and/or CMA). - 3-5 years of cost accounting experience in a manufacturing environment, preferably in the confectionery or food industry. - Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel/Google Sheets. - Strong analytical, problem-solving, and communication skills. - Knowledge of standard costing, variance analysis, and manufacturing processes. If you have experience with lean manufacturing or continuous improvement projects, an understanding of pricing strategy in a competitive FMCG environment, and the ability to collaborate cross-functionally and present financial insights to non-finance stakeholders, it would be a bonus. Interested candidates are requested to share/submit their resumes to hr@vcnutrifoods.com or contact 7075704976. Let's work together to build smarter, scalable finance operations. As a Cost Accountant in the manufacturing confectionery sector at APIIC State Food Park, your role will involve managing and analyzing all cost-related aspects of the manufacturing and distribution processes. You will focus on accurate product costing, pricing analysis, variance reporting, margin improvement, and profitability enhancement. Collaboration with production, procurement, and sales departments will be essential for optimal cost control and decision-making support. **Key Responsibilities:** - Develop and maintain accurate standard costs for all confectionery SKUs, including raw materials, labor, overheads, and packaging, and update as per actual costs. - Analyze bill of materials (BOM) and routing to ensure cost accuracy and integrity. - Conduct regular cost roll-ups and updates reflecting production changes, supplier pricing, and efficiency improvements. - Support commercial and sales teams in pricing decisions by providing detailed cost and margin analysis. - Prepare cost-to-serve models for various customer segments and distribution channels. - Perform product and customer profitability analysis to identify low-margin items and opportunities for improvement. - Monitor and analyze manufacturing variances including purchase price variance (PPV), labor variance, and overhead absorption. - Assist in the preparation of annual budgets, cost forecasts, and long-term financial plans. - Monitor inventory valuation and ensure correct costing of raw materials, WIP, and finished goods. - Ensure adherence to accounting standards, internal policies, and cost accounting principles. **Required Qualifications & Skills:** - Bachelor's degree in Accounting, Finance along with Cost Accounting certification (ICWA and/or CMA). - 3-5 years of cost accounting experience in a manufacturing environment, preferably in the confectionery or food industry. - Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel/Google Sheets. - Strong analytical, problem-solving, and communication skills. - Knowledge of standard costing, variance analysis, and manufacturing processes. If you have experience with lean manufacturing or continuous improvement projects, an understanding of pricing strategy in a competitive FMCG environment, and the ability to collaborate cross-functionally and present financial insights to non-finance stakeholders, it would be a bonus.
