Cost Accountant

Apply

Job Title

Department

Reports to

Job Overview

Cost Accountant

Key Responsibilities

1. MIS Reporting

   :

• Prepare and analyze daily, weekly, and monthly Management Information System (MIS) reports, focusing on stock levels, inventory movements, and financial aspects related to factory operations.
• Provide in-depth analysis of stock trends, stock turn rates, and discrepancies, highlighting potential risks or opportunities for cost savings.

2. Quantity Reconciliation & Loss Computation/Analysis

• Perform regular quantity reconciliation between inventory records and physical stock counts to ensure accuracy.
• Analyze stock loss trends and discrepancies, working with relevant departments to identify root causes and implement corrective measures to minimize losses.

1. Cost Analysis (Overheads and Product Costing)

   :

• Conduct detailed analysis of overheads, fixed and variable costs to identify cost drivers and areas for improvement in product pricing and profitability.
• Collaborate with the finance team to calculate and review product costs, ensuring optimal production cost management and maximizing profit margins.

4. Inward and Dispatch Verification

• Verify the accuracy and completeness of inward and dispatch records, ensuring that materials are received and dispatched in line with company policies and procedures.
• Work closely with the supply chain and warehouse teams to ensure smooth and accurate material flows.

5. Accounting Verification & Approvals at Factory Level

• Assist in the verification of accounting entries related to factory operations, ensuring compliance with financial regulations and internal controls.
• Review and approve expense claims, purchase orders, and other financial transactions at the factory level, ensuring proper documentation and accuracy.

6. Coordination of Factory Level Audits

• Support the coordination of internal and external audits at the factory level.
• Ensure that all required documentation, financial records, and reports are available for audits and facilitate timely resolution of discrepancies.

Required Skills and Qualifications

• CA Inter.
• Proven experience (3 years) in costing analysis, financial reporting, or manufacturing operations.
• Strong understanding of cost accounting principles, inventory management, and financial analysis.
• Proficiency in Microsoft Excel (advanced functions such as pivot tables, VLOOKUP) and ERP systems (e.g., SAP, Oracle, etc.).
• Strong analytical, problem-solving, and attention-to-detail skills.
• Excellent communication and collaboration skills, with the ability to work cross-functionally with teams like finance, supply chain, and operations.
• Knowledge of accounting standards (e.g., GAAP, IFRS) is a plus.
• Ability to manage multiple tasks simultaneously and meet deadlines in a fast-paced environment.

Preferred Qualifications

• Experience in a manufacturing or factory environment.
• Familiarity with costing software or advanced data analysis tools.
• Strong understanding of lean manufacturing principles and cost-saving initiatives.