Cost Accountant

Job Specification Sheet Cost Accountant (Food Processing / FMCG)

Company:

1. Job Purpose:

To ensure accurate product costing, monitor material usage, analyze production efficiency, and support management with reliable cost data for pricing, profitability, and strategic decisions in the food processing business (spices, breakfast cereals, instant mixes).

2. Key Deliverables / Responsibilities:

• Prepare and update

  SKU-wise product cost sheets

  (RM, PM, labour, overheads).
• Track and analyze

  material consumption vs. standard norms

  .
• Conduct

  batch-level and recipe costing

  for production runs.
• Monitor

  wastage, yield, and shrinkage

  across processing stages.
• Perform

  standard vs. actual cost variance analysis

  and recommend corrective measures.
• Support

  product pricing, margin analysis, and profitability tracking

  .
• Work with

  Production, QA, Procurement, and Supply Chain

  for process and cost optimization.
• Prepare and present

  costing MIS reports

  to management on a periodic basis.

3. Educational Qualification:

• M.Com / MBA (Finance)

  or

  CMA / CA Inter (Preferred)

• Additional certifications in cost management or ERP systems will be an advantage.

4. Professional Experience:

• 25 years

  of experience in

  cost accounting, manufacturing finance, or cost control

  .
• Prior exposure to

  food processing / FMCG / manufacturing industry

  preferred.
• Experience handling

  BOM analysis, yield tracking, and high-SKU costing environments

  .

5. Technical Skills:

• Advanced Excel Skills

  Pivot tables, formulas, VLOOKUP, macros.

• ERP Systems

  SAP / Tally / Oracle (manufacturing costing module).
• Knowledge of

  inventory valuation, BOM structure, and variance reporting

  .
• Understanding of

  FSSAI and HACCP

  standards and their cost implications.

6. Key Competencies (Behavioral & Functional):

Functional:

• Strong analytical and numerical skills.
• Process-driven mindset with attention to accuracy.
• Ability to identify cost leakages and improvement areas.

Behavioral:

• Team player with cross-functional coordination ability.
• Proactive and deadline-oriented.
• Clear communicator with a structured reporting style.