Key Responsibilities :
- Cost Analysis and Reporting :
- Prepare and analyze cost reports on a regular basis (e.g., monthly, quarterly, annually).
- Provide detailed reports on cost variances, explaining deviations from budgets or forecasts.
- Track and report on production costs, labor costs, and overhead costs.
- Budgeting and Forecasting :
- Assist in creating the annual budget and monitor spending against the budget.
- Provide detailed forecasts for cost structures, anticipating potential fluctuations or changes.
- Cost Control :
- Implement strategies to reduce costs while maintaining product or service quality.
- Analyze cost drivers and make recommendations for improvements in operations.
- Inventory Management :
- Ensure proper inventory valuation and maintain accurate records.
- Assess inventory costs, including raw materials, work in progress, and finished goods.
- Product Costing :
- Assign costs to products or services using methods like job order costing or process costing.
- Work closely with production and operations departments to estimate accurate product costs.
- Internal Controls and Compliance :
- Ensure adherence to financial controls and accounting standards.
- Comply with internal audit processes, external audits, and governmental regulations.
- Data Analysis and Decision Support :
- Provide data and analysis for management's decision-making, such as pricing strategies, new project evaluations, and cost-benefit analysis.
- Help determine the cost impact of business decisions or strategic initiatives.
- Collaboration with Other Departments :
- Work with the procurement, production, and finance teams to track spending and identify areas for improvement.
- Assist with financial audits by providing relevant data and supporting documentation.
Skills Required :
Analytical Skills : Ability to analyze and interpret data, identify trends, and make recommendations.Detail-Oriented : Precision and accuracy are crucial, especially when dealing with costs, forecasts, and financial reports.Communication Skills : Must be able to present complex financial data clearly and effectively to non-financial stakeholders.Proficiency in Accounting Software : Familiarity with tools like QuickBooks, SAP, Oracle, or specialized costing software.Excel Skills : Strong knowledge of Excel, including formulas, pivot tables, and financial modeling.Problem-Solving : Ability to identify cost issues and implement corrective actions.Qualifications :
Education : A degree in Accounting, Finance, or a related field. Many cost accountants also have certifications, such as Certified Management Accountant (CMA) or Chartered Accountant (CA).Experience : Typically, 3–5 years of experience in accounting or cost analysis.Certifications : While not always required, certifications such as the CMA or CIMA can enhance job prospects and career growth.Job Types : Full-time, Permanent
Pay : ₹45, ₹50,000.00 per month
Benefits :
Leave encashmentEducation :
Master's (Preferred)Experience :
Cost accounting : 3 years (Preferred)Budgeting : 3 years (Preferred)Data analytics : 3 years (Preferred)License / Certification :
ICMAI CMA (Preferred)Work Location : In person