Job Summary:
We are seeking a detail-oriented and analytical Junior Cost Accountant to support cost management and financial control activities within our dairy manufacturing operations. The incumbent will be responsible for product costing, inventory valuation, variance analysis, budgeting support, and monitoring manufacturing costs to ensure operational efficiency and profitability.
Key Responsibilities:
Costing & Cost Analysis
- Prepare and maintain product-wise cost sheets for dairy products such as milk, curd, butter, ghee, cheese, ice cream, and other value-added products.
- Analyze raw material, packaging material, labor, utility, and overhead costs.
- Monitor production costs and identify opportunities for cost reduction and process improvement.
- Conduct monthly cost variance analysis and provide actionable insights to management.
Inventory & Material Management
- Monitor inventory valuation of raw materials, packing materials, work-in-progress, and finished goods.
- Reconcile inventory records with physical stock reports.
- Analyze material consumption and wastage trends across production processes.
- Assist in monthly and annual stock audits.
Budgeting & MIS
- Support preparation of annual budgets and cost forecasts.
- Prepare monthly MIS reports related to production costs, plant performance, and profitability.
- Track budget versus actual expenses and highlight significant deviations.
- Assist in preparing management reports for decision-making.
Manufacturing Cost Control
- Monitor milk procurement costs and processing losses.
- Analyze production yields, process losses, and efficiency metrics.
- Work closely with Production, Procurement, and Supply Chain teams to improve cost efficiency.
- Ensure accurate allocation of manufacturing overheads across product categories.
Compliance & Reporting
- Maintain costing records and supporting documentation.
- Assist in statutory audits, internal audits, and cost audits.
- Ensure compliance with company policies and accounting standards.
- Support ERP-based costing and reporting activities.
Required Skills
- Strong understanding of cost accounting principles and inventory accounting.
- Experience in manufacturing or dairy/FMCG industry preferred.
- Proficiency in MS Excel (Pivot Tables, VLOOKUP, Data Analysis).
- Working knowledge of ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar.
- Strong analytical and problem-solving skills.
- Good communication and cross-functional coordination abilities.
Preferred Experience
- Experience in dairy, food processing, FMCG, or manufacturing industry.
- Exposure to product costing, inventory management, and variance analysis.
- Familiarity with dairy manufacturing processes and yield calculations will be an added advantage.
Pay: ₹500,000.00 - ₹600,000.00 per year
Benefits:
- Flexible schedule
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Provident Fund
Work Location: In person
