Cost Accountant

Job Description

1. Product & Process Costing Maintain cost records of raw materials and finished goods. Prepare and review product cost sheets, Bill of Materials, and analyse manufacturing costs. Conduct standard costing, variance analysis (material, labour, overhead), and suggest corrective actions. 2. Inventory & Material Cost Control Monitor inventory records and valuation and consumption across production stages. Track material movement and wastage. Conduct periodic physical stock verification and reconciliation. 3. Budgeting & Cost Planning Preparation of annual cost budgets, forecasts, and cost allocation plans. Track cost centre budgets (production, maintenance, utilities, etc.) and highlight deviations. 4. Cost Audits & Compliance Maintain cost records as per Companies (Cost Records and Audit) Rules, wherever applicable. Coordinate with cost auditors and prepare cost audit reports, wherever applicable. Ensure compliance with cost accounting standards and statutory norms. 5. Reporting & MIS Prepare monthly cost reports, production efficiency reports, and contribution/through-put analysis. Present insights to management for cost optimization and profitability improvement. Support management in make-or-buy decisions and pricing strategies. Skills & Competencies: Strong knowledge of manufacturing costing, cost control, and variance analysis. Advanced MS Excel and analytical skills. Good understanding of GST, costing rules, and statutory norms. Strong communication and coordination abilities. Preferred Background: Industry: Engineering manufacturing sector.