Cost Accountant

Role & responsibilities:

1. Product Costing & Analysis

• Calculate total cost of each product SKU-wise and location-wise, considering all direct and indirect expenses.
• Conduct cost analysis for changes in products and new product launch.
• Perform standard and activity-based costing; analyze and compare standard vs. actual costs.
• Investigate cost variances and provide actionable insights.

2. Financial Reporting & MIS

• Assist in month-end, quarter-end, and year-end closing activities related to COGS and inventory valuation.
• Prepare cost reports, financial summaries, and variance analysis (monthly, quarterly, annually).
• Support management with accurate cost data for decision-making and strategic planning.

3. Budgeting & Forecasting

• Develop and manage annual budgets, business plans, and monthly/quarterly forecasts.
• Track and analyse actual vs. budgeted costs across business segments, departments, and geographies.
• Provide insights on future budget needs and support financial planning initiatives.

4. Inventory & ERP Management

• Maintain cost accounting systems in ERP with updated product cost data.
• Conduct inventory valuation, stock reconciliations, and physical inventory verification.
• Monitor inventory transactions and perform cost audits to ensure data accuracy.

5. Strategic Support & Cost Optimization

• Identify cost rationalization opportunities and recommend cost-effective solutions.
• Support pricing strategy decisions by providing product-level and customer-level cost analysis.
• Collaborate with cross-functional teams to streamline processes and improve cost efficiency.
• Advise on procurement strategies to control material and production costs.

6. Compliance & Controls

• Ensure compliance with internal policies, accounting principles, and cost accounting standards.
• Develop internal controls for inventory and cost accounting systems.
• Review and verify cost management calculations for projects and capital expenditures.

Preferred candidate profile

• Excellent analytical and problem-solving skills

  .
• Strong knowledge of

  cost accounting principles

  and

  financial reporting

  .
• Proven experience in

  product costing

  ,

  margin analysis

  , and

  variance analysis

  .
• Advanced proficiency in

  Excel

  and

  MIS reporting tools

  .
• Hands-on experience with

  ERP systems

  such as

  SAP

  ,

  Oracle

  , or

  Tally

  .
• Strong attention to detail; ability to meet tight deadlines.
• Effective

  communication

  and

  cross-functional collaboration

  skills.

Perks and benefits

Mediclaim for Self & Family

**Only CMA-certified candidates will be considered.