Cost Accountant

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