Cost Accountant

Company:

Department:

Reports to:

Role Purpose

The Cost Accountant will be responsible for designing, implementing, and maintaining cost accounting systems and practices across Vashi Integrateds industrial distribution and solar supply-chain operations. The role will ensure accurate cost allocation, working capital efficiency, compliance with statutory requirements, and provide actionable insights to management for pricing, profitability, and strategic decision-making.

Key Responsibilities

1. Costing & Pricing

• Develop, monitor, and maintain standard costing systems across product categories.
• Analyze landed cost, distribution cost, logistics, warehousing, and financing costs.
• Prepare pricing models for tenders, contracts, and rate agreements.

2. Financial Analysis & Reporting

• Prepare product-wise, customer-wise, and region-wise profitability analysis.
• Assist in preparation of monthly MIS, variance analysis, and contribution margins.
• Provide cost-based inputs for quarterly board reviews and business planning.

3. Working Capital Management

• Track inventory carrying cost and recommend optimization measures.
• Analyze receivables cost of funding and credit terms.
• Support treasury in managing liquidity with focus on cost efficiency.

4. Statutory Compliance & Audit

• Ensure compliance with Cost Audit (as per Companies Act, 2013 & CMA regulations, if applicable).
• Support statutory audit, internal audit, and tax audit with costing-related information.
• Maintain proper cost records in line with Cost Accounting Standards (CAS).

5. Business Partnering

• Work closely with sales, supply chain, procurement, and project teams to provide costing insights.
• Support in bid preparation, tender pricing, and cost-benefit analysis of new business opportunities.
• Assist CFO in strategic decisions including make-vs-buy, outsourcing, and vendor negotiations.

Key Skills Required

• Strong knowledge of Cost Accounting Standards (CAS), Ind-AS, GST, and Income Tax provisions related to costing.
• Expertise in ERP (SAP S/4HANA preferred) and advanced Excel.
• Strong analytical, problem-solving, and financial modeling skills.
• Ability to handle large datasets and prepare management dashboards.
• Strong communication and business partnering abilities.

Qualifications & Experience

• Professional Qualification:

  CMA (Cost & Management Accountant) mandatory.

• Experience:

  3–7 years in cost accounting, preferably in industrial distribution, manufacturing, or EPC/solar sector.
• Exposure to working capital-intensive businesses is a plus.

Deliverables & KPIs

• Accurate and timely product costing reports.
• Reduction in cost variances & improved gross margins.
• Insights on working capital efficiency (inventory days, receivables days).
• Cost compliance reports for audit & statutory requirements.
• Value-added inputs to management decisions