Senior Accountant (Manufacturing)

Job Description

Manufacturing Accountant is responsible for managing the financial aspects of a manufacturing business, including cost accounting, inventory management, and financial reporting related to production. Their duties encompass tasks like recording production costs, calculating product costs, analyzing variances between expected and actual costs, and providing financial reports tailored to the manufacturing sector. They also play a role in budgeting, forecasting, and cost analysis to ensure cost-effective production and compliance with accounting standards. Key Responsibilities of a Manufacturing Accountant: Cost Accounting: Determine and record the cost of goods manufactured, including direct and indirect costs. Inventory Management: Maintain accurate inventory records, monitor stock levels, and ensure proper valuation. Variance Analysis: Analyze differences between budgeted and actual costs, identifying potential cost savings opportunities. Financial Reporting: Prepare financial statements and reports, including gross margin analysis, and ensure compliance with accounting standards. Budgeting and Forecasting: Participate in the budgeting and forecasting process for production costs. Cost Analysis: Analyze production costs to identify inefficiencies and areas for improvement. System Integration: Work with IT departments to ensure the accuracy and efficiency of accounting systems. Compliance: Ensure compliance with relevant accounting standards and regulations. Inventory Control: Implement and improve inventory control procedures to optimize stock levels and reduce waste. Cross-Functional Collaboration: Collaborate with other departments, such as production and purchasing, to ensure accurate cost tracking and inventory management. Documentation: Maintain accurate and organized financial documentation, including inventory records and cost analysis reports. Skills and Qualifications: Strong understanding of cost accounting principles. Proficiency in accounting software and ERP systems. Excellent analytical and problem-solving skills. Strong communication and interpersonal skills. Experience in a manufacturing environment. Knowledge of inventory management practices. Ability to work independently and as part of a team. In essence, a Manufacturing Accountant provides financial expertise and support to ensure the efficient and profitable operation of a manufacturing company's production processes. Contact - 9310699721 Job Type: Full-time Pay: ₹30,000.00 - ₹45,000.00 per month Schedule: Day shift Work Location: In person