Factory Accountant

Job Description: Factory Accountant

Position Title: Factory Accountant
Department: Finance / Accounts
Reports To: Finance Manager / Plant Manager
Location Pala

Position Summary

The Factory Accountant is responsible for managing and monitoring all financial and cost-related activities within the factory. This role ensures accurate cost analysis, inventory valuation, budgeting, and financial reporting to support manufacturing operations and improve profitability.

Key Responsibilities

Cost Accounting & Analysis

• Prepare and maintain cost records for raw materials, labor, overheads, and finished goods.
• Analyze production costs and variances (e.g., material, labor, overhead variances).
• Monitor standard costs and update as necessary.
• Conduct month-end cost closing activities and prepare cost reports.

Inventory & Production Accounting

• Maintain accurate inventory records for raw materials, WIP, and finished goods.
• Perform periodic stock audits and reconcile physical counts with system balances.
• Track material consumption, wastage, and scrap to ensure cost accuracy.
• Assist in implementing inventory control procedures.

Financial Reporting

• Prepare daily, weekly, and monthly financial and production reports for management.
• Support budgeting and forecasting processes for the factory.
• Ensure timely posting of factory-related financial transactions in the accounting system.
• Assist in preparing audit schedules and support internal/external auditors.

Compliance & Controls

• Ensure compliance with company policies, accounting standards, and statutory regulations.
• Implement internal controls to safeguard factory assets.
• Verify invoices related to factory expenses and coordinate with procurement.

Collaboration & Coordination

• Work closely with production, procurement, store, and finance teams.
• Provide financial insights to support process improvements and cost reduction initiatives.
• Assist management in decision-making through accurate and timely analysis.

Qualifications

Education & Experience

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional qualification (ACCA, CMA, CA Inter) is an advantage.
• 2–5 years of experience in manufacturing or cost accounting roles.

Skills & Competencies

• Strong knowledge of cost accounting principles and manufacturing processes.
• Proficiency in ERP/accounting software (SAP, Oracle, Tally, QuickBooks, etc.).
• Advanced Excel skills (pivot tables, VLOOKUP, analysis tools).
• Excellent analytical, numerical, and problem-solving abilities.
• Strong attention to detail and accuracy.
• Ability to work under pressure and meet deadlines.

Job Types: Full-time, Permanent

Pay: From ₹18,000.00 per month

Benefits:

• Cell phone reimbursement

Work Location: In person