Nilons Enterprises Hiring for Cost Accountant Location : Pune Key roles of a cost accountant: Their primary responsibility is to manage, analyze, and reduce costs while maximizing profitability. 1. Cost Planning and Budgeting Preparing budgets and forecasting expenses. Establishing cost standards and determining resource requirements. Monitoring and analyzing budget deviations. 2. Cost Analysis and Control Evaluating production processes, materials, and labor to identify cost-saving opportunities. Monitoring actual costs against standard costs and reporting variances. Implementing cost control measures to improve efficiency. 3. Cost Reporting Preparing detailed cost reports for management to support decision-making. Providing insights into areas such as profitability by product, department, or service. Ensuring reports comply with accounting standards and regulatory requirements. 4. Product Pricing Assisting in determining the pricing of products or services based on cost data. Evaluating competitive pricing and suggesting adjustments to improve profitability. 5. Inventory Management Monitoring inventory costs and ensuring proper valuation of stock. Implementing measures to minimize inventory-related expenses, such as holding costs and wastage. 6. Financial and Operational Decision Support Advising management on financial strategies, such as cost reduction, capital investments, or new project feasibility. Analyzing the financial implications of operational decisions. 7. Compliance and Auditing Ensuring compliance with statutory regulations and standards related to costing. Supporting internal and external audits with accurate cost data and analysis. If interested kindly share your updated resume on bhakti.das@nilons.net