Cost Accountant

Role & Responsibility:

The role has the following responsibilities to be achieved for FIBC & CL:

a) Purchase Accounting, Storage & Control, Issue to Production & Maintenance and accounting the same For RM & Accessories.

b) Purchase Accounting, Storage & Control, Issue to Production & Maintenance and accounting the same – For Spares & Consumables

c) RM + Accessories consumption estimate basis net issue to production matched with output.

d) Spares and Consumables consumption estimate basis net issue to engineering & maintenance department.

e) Estimating the COGS for each batch and aggregating the same for any given period.

f) Value WIP accurately at the end of the month.

g) Complete accounting control over RM Stores & Roll Stock stores and Maintenance Spares stores.

Purchase & Stores Accounting:

1. Supervise the accounting process involved with (RM + Accessories + Consumables) purchase, receipts, issued to floor, consumption & WIP.

2. Audit of inventory – RM / FG as defined and periodicity.

3. Flag over stocking and under stocking risk of items

4. Control of inventory and its movement.

Manufacturing Accounting: (Separately for FIBC and CL)

1. Calculating accurate Cost of Goods Sold (COGS) for each order and track profitability by order irrespective of whether they are produced inhouse or given for job work.

2. Efficiently reconciling material issued with FG production and WIP, matching with output, wastage to arrive at final COGS costs.

3. Valuation of WIP accurately

4. Calculating material consumption and manufacturing yield by each product / batch and aggregate accurately for consolidation.

5. Compare actual production cost and the customer purchase order (PO) cost to compute variance such as quantity, pricing, product mix, number of operations etc.

6. Consolidating the cost of manufacturing of FG accurately factoring all inputs, quantities, and pricing to declare the COGS and WIP value.

7. Declare the monthly consumption of Engineering spares and consumables as per the above procedure.

8. Prepare bag type and container wise actual costing and declare profitability compared to Sales Orders.

Common to All: The role has a delicate balance of 50% process control and 50% execution.

KPI:

1. COGS of FG

2. Valuation of WIP

3. Manufacturing yield of Fabric making

4. Wastage % at Fabric and Finishing level

5. Spares & Consumables Consumption accuracy

6. Roll Stock Inventory Control

7. RM & Accessories Inventory Control

8. Inventory Write off

Actual Production Costing Vs Sales Order Comparison – Product wise and Container wise.

Preferred candidate profile:

• ICWAI with 7 years of experience post qualification.
• Must have worked in manufacturing set up.
• Strong knowledge of building teams and driving process.
• Proven track record of meeting timelines and deliverables.
• Excellent communication, leadership, team management and collaboration skills.
• Ability to work in a fast-paced environment and manage multiple factories.
• Strong analytical and problem-solving skills.