Cost Accountant

1. Product & Process Costing

• Maintain cost records of raw materials and finished goods.
• Prepare and review product cost sheets, Bill of Materials, and analyse manufacturing costs.
• Conduct standard costing, variance analysis (material, labour, overhead), and suggest corrective actions.

2. Inventory & Material Cost Control

• Monitor inventory records and valuation and consumption across production stages.
• Track material movement and wastage.
• Conduct periodic physical stock verification and reconciliation.

3. Budgeting & Cost Planning

• Preparation of annual cost budgets, forecasts, and cost allocation plans.
• Track cost centre budgets (production, maintenance, utilities, etc.) and highlight deviations.

4. Cost Audits & Compliance

• Maintain cost records as per Companies (Cost Records and Audit) Rules, wherever applicable.
• Coordinate with cost auditors and prepare cost audit reports, wherever applicable.
• Ensure compliance with cost accounting standards and statutory norms.

5. Reporting & MIS

• Prepare monthly cost reports, production efficiency reports, and contribution/through-put analysis.
• Present insights to management for cost optimization and profitability improvement.
• Support management in make-or-buy decisions and pricing strategies.

Skills & Competencies:

• Strong knowledge of manufacturing costing, cost control, and variance analysis.
• Advanced MS Excel and analytical skills.
• Good understanding of GST, costing rules, and statutory norms.
• Strong communication and coordination abilities.

Preferred Background:

• Industry: Engineering manufacturing sector.