Job
Description
As a Cost Accounting & Analysis professional at REnergy Dynamics (RED) along with its JV partner Ladhani Group in Ch. Sambhaji Nagar, Maharashtra, you will play a crucial role in driving the success of the solar cell and module manufacturing project. Your responsibilities will include: - Prepare and maintain cost records, cost sheets, and product costing statements for manufactured items (modules, cells, frames, EVA, etc.). - Determine standard cost and analyze actual cost variances (material, labor, and overhead). - Track and analyze Bill of Material (BOM) costs and production yield. - Conduct periodic reviews of cost centers and allocation of overheads to ensure accuracy. - Support management in pricing strategy, cost estimation for tenders, and product profitability analysis. In the realm of Inventory & Material Cost Control, you will be expected to: - Verify material consumption vs. BOM to identify excess or abnormal usage. - Work closely with stores, planning, and procurement teams for inventory valuation and reconciliation. - Ensure accurate valuation of WIP (Work-in-Progress) and finished goods inventory. - Monitor scrap, rework, and wastage costs and propose corrective actions. - Review stock adjustment entries and investigate discrepancies. Your role will also involve Financial Reporting & MIS tasks such as: - Prepare monthly costing MIS reports, including variance analysis, cost trend summaries, and cost reduction recommendations. - Assist in month-end and year-end closing activities related to costing and inventory valuation. - Support budget preparation and review of actual vs. budgeted cost performance. As part of Compliance & Audit responsibilities, you will: - Ensure compliance with Cost Accounting Standards (CAS) and Companies (Cost Records and Audit) Rules. - Prepare data for statutory cost audit and coordinate with auditors. - Maintain documentation for cost audit, internal audit, and statutory audit requirements. - Support management in implementing effective cost control measures across departments. In the area of Process Improvement & System Support, your duties will include: - Review and improve the costing process flow for accuracy and efficiency. - Support ERP implementation and ensure correct mapping of cost elements and BOMs. - Work with the production and engineering teams to update standard costs periodically. - Participate in cost optimization projects and cross-functional reviews. - Develop an engaging management review PPT to communicate project progress, challenges, and strategies and present them to Senior Management. As a Cost Accounting & Analysis professional at REnergy Dynamics (RED) along with its JV partner Ladhani Group in Ch. Sambhaji Nagar, Maharashtra, you will play a crucial role in driving the success of the solar cell and module manufacturing project. Your responsibilities will include: - Prepare and maintain cost records, cost sheets, and product costing statements for manufactured items (modules, cells, frames, EVA, etc.). - Determine standard cost and analyze actual cost variances (material, labor, and overhead). - Track and analyze Bill of Material (BOM) costs and production yield. - Conduct periodic reviews of cost centers and allocation of overheads to ensure accuracy. - Support management in pricing strategy, cost estimation for tenders, and product profitability analysis. In the realm of Inventory & Material Cost Control, you will be expected to: - Verify material consumption vs. BOM to identify excess or abnormal usage. - Work closely with stores, planning, and procurement teams for inventory valuation and reconciliation. - Ensure accurate valuation of WIP (Work-in-Progress) and finished goods inventory. - Monitor scrap, rework, and wastage costs and propose corrective actions. - Review stock adjustment entries and investigate discrepancies. Your role will also involve Financial Reporting & MIS tasks such as: - Prepare monthly costing MIS reports, including variance analysis, cost trend summaries, and cost reduction recommendations. - Assist in month-end and year-end closing activities related to costing and inventory valuation. - Support budget preparation and review of actual vs. budgeted cost performance. As part of Compliance & Audit responsibilities, you will: - Ensure compliance with Cost Accounting Standards (CAS) and Companies (Cost Records and Audit) Rules. - Prepare data for statutory cost audit and coordinate with auditors. - Maintain documentation for cost audit, internal audit, and statutory audit requirements. - Support management in implementing effective cost control measures across departments. In the area of Process Improvement & System Support, your duties will include: - Review and improve the costing process flow for accuracy and efficiency. - Support ERP implementation and ensure correct mapping of cost elements and BOMs. - Work with the production and engineering teams to update standard costs periodically. - Par
