Cost Accountant

Job Description

Job Summary :

The Cost Accountant is responsible for analysing costs, conducting cost analysis, preparing budget

reports, and providing insights to improve cost-efficiency in our manufacturing processes. This role

requires a strong understanding of accounting principles, cost analysis techniques, and inventory

management.

Responsibilities :

Cost Analysis : Analyse and evaluate the costs associated with production; monitor and

report on variances between actual and budgeted costs; identify cost reduction

opportunities and recommend strategies to optimize expenses.

Budgeting and Forecasting : Assist in the preparation of annual budgets and periodic

forecasts; collaborate with cross-functional teams to gather relevant financial data for

budgeting purposes; provide insights to improve accuracy in budgeting and forecasting

processes.

Inventory Management : Monitor and track inventory levels, ensuring accuracy in valuation

and reconciliation; perform periodic inventory audits to ensure proper accounting of raw

materials and finished goods; evaluate slow-moving or obsolete inventory and propose

strategies for clearance.

• Cost Control and Reporting : Develop and maintain cost accounting procedures and controls;
• prepare detailed cost reports, including cost of goods sold (COGS) and gross margin analysis;

generate cost variance analysis reports and recommend corrective actions.

Product Costing : Calculate and review the standard and actual costs of products; collaborate

participate in the determination of pricing strategies based on accurate cost information.

Process Improvement : Collaborate with cross-functional teams to identify process

inefficiencies and recommend improvements; participate in cost optimization initiatives,

suggesting ways to enhance productivity and reduce waste.

Compliance and Auditing : Ensure compliance with accounting standards, regulations, and

internal policies; assist in internal and external audits related to cost accounting processes.

Ad hoc Analysis : Perform ad hoc financial analysis as required to support decision-making

and strategic initiatives.

Requirements

Qualifications : ICWA certification

4 to 7 years of experience in cost accounting, preferably in a manufacturing environment

Strong understanding of accounting principles and cost analysis techniques

Experience with Oracle ERP system is a plus.

Excellent analytical and problem-solving skills

Ability to work independently and as part of a team

Excellent communication and interpersonal skills

Benefits

Industrial standards

Requirements

Experience upto 10 years with good knowledge in international market