Cost Accountant

Cost Accounting

Work location: Sulur, Coimbatore

1. Costing Framework & Process Standardization

* Develop, implement, and continuously refine standard costing systems across all manufacturing units and product categories.

* Define and monitor raw material consumption standards, machine-hour and labour-hour norms in coordination with production teams.

* Review and update Bill of Materials (BOMs), process routing, and cost master data to ensure consistency and accuracy.

* Ensure timely cost roll-ups in ERP and establish clear linkages between standard, actual, and budgeted costs.

2. Budgeting, Monitoring & Variance Analysis

* Assist the CFO in preparing annual budgets, quarterly forecasts, and rolling projections for both PWDS and Stylcove.

* Conduct detailed budget vs actual and standard vs actual variance analyses, identifying key deviations and their root causes.

* Present variance dashboards and management review reports with actionable insights to improve efficiency and profitability.

* Drive monthly plant cost reviews, ensuring corrective measures are implemented promptly.

3. Cost Optimization & Savings Initiatives

* Lead cost-saving programs by identifying opportunities in material yield improvement, scrap reduction, energy utilization, and process automation.

* Collaborate with production, procurement, and engineering teams to implement continuous improvement and lean initiatives.

* Track the financial impact of cost reduction measures and report realized savings to the CFO.

* Introduce benchmarking mechanisms against industry peers to measure competitiveness and efficiency.

4. Control & Compliance

* Ensure adherence to Cost Accounting Standards (CAS) and statutory cost audit requirements.

* Strengthen internal controls for inventory valuation, WIP management, and cost data accuracy.

* Coordinate with internal and external auditors to support cost audit documentation and reconciliation processes.

* Maintain cost records in compliance with the Companies Act and CMA reporting standards.

5. Data Analytics & Reporting

* Build and automate cost performance dashboards (Budget vs Actual, Standard vs Actual, Benchmark vs Actual) using Excel or Power BI.

* Deliver monthly cost performance presentations to the CFO and management.

* Support feasibility analysis for CAPEX, new products, and pricing decisions through cost modelling and sensitivity analysis.

Sandhya Nair

Recruitment  Manager

www.prominance.com