Cost Accountant

Location:

Department:

Reports To:

Salary

Role :

The Cost Accountant would Be Responsible For Cost Control, Product Costing, Variance Analysis, & Preparation Of Cost Reports To Support Management Decisions. The Role Ensures Accuracy In Cost Records, Efficiency In Resource Utilization, & Compliance With Statutory Cost Requirements.

Key Responsibilities:

• Prepare & Maintain Cost Records For Materials, Labor, & Overheads.
• Perform

  Product Costing

  &

  Process Costing

  For Various Grades Of Paper.
• Conduct

  Variance Analysis

  (Standard Vs. Actual Cost) & Report Major Deviations.
• Prepare Monthly

  Cost Sheets

  ,

  Mis

  , &

  Profitability Reports

  By Product/Department.
• Coordinate With Production & Stores For Consumption & Yield Monitoring.
• Assist In Preparation & Filing Of

  Cost Audit Reports

  As Per Statutory Requirements.
• Reconcile Inventory Valuations Between Costing & Financial Accounts.
• Support Management In

  Budgeting, Forecasting, & Cost Optimization

  Initiatives.
• Identify Areas For Cost Reduction & Efficiency Improvement.
• Ensure Data Accuracy in ERP Systems & Cost Modules.

Key Result Areas (KRA’s):

KRA’s

Measurement Criteria / KPI

1. Cost Sheet Preparation & Accuracy

Timely Submission & Zero Major Errors

2. Variance Analysis

Completion Of Standard Vs. Actual Variance Report With Root Cause Analysis

3. Cost Audit & Compliance

Timely Preparation & Support To Statutory Auditors

4. Inventory Valuation & Reconciliation

Accuracy In Stock Valuation & Reconciliation With Accounts

5. Process Efficiency & Cost Reduction

Identification Of Cost-Saving Opportunities With Quantified Impact

6. Mis Reporting

Submission Of Accurate & Insightful Cost Mis To Management

7. Budgetary Control Support

Active Role In Annual Budget Preparation & Cost Forecasting

8. ERP Data Accuracy

No Discrepancies In Cost Master Data & Cost Centers

Key Skills:

• Strong Analytical & Numerical Skills.
• In-Depth Understanding Of Cost Systems & Cost Audit.
• Good Coordination With Production, Purchase, & Finance Teams.
• Excellent Communication & Reporting Ability.
• Attention To Detail & Process Discipline.