About the Role
We are looking for a Cost Accountant with 3–5 years of hands-on experience in a manufacturing costing environment to join our Costing team. The ideal candidate will be responsible for product costing, cost audits, variance analysis, and inventory valuation, working closely with plant operations, production planning, and procurement to ensure accurate and timely cost data for decision-making.
Key ResponsibilitiesProduct Costing: Prepare and maintain standard costs for raw materials, work-in-progress, and finished goods; develop and update Bills of Materials (BOM) and routing/costing sheets for all product lines.
Product Profitability: Prepare product-wise and plant-wise cost sheets and profitability statements; support pricing decisions with accurate cost data.
Inventory Valuation: Ensure accurate valuation of raw materials, WIP, and finished goods inventory; conduct periodic physical verification and reconciliation of stock with book records.
Cost Audit & Compliance: Coordinate and support the annual cost audit; maintain cost records in line with Cost Accounting Standards (CAS) and Companies (Cost Records and Audit) Rules; liaise with cost auditors and ensure timely closure of audit observations.
Variance Analysis: Analyze material, labor, and overhead variances (purchase price variance, usage variance, efficiency variance, and rate variance); investigate root causes with production and procurement teams and report on corrective actions.
Overhead Absorption: Calculate and monitor factory overhead absorption rates, allocation of fixed and variable overheads across cost centers, and analyze under/over-absorption.
Budgeting Support: Assist FP&A/Finance Head in preparation of manufacturing cost budgets, cost center budgets, and periodic forecasts.
Yield & Wastage Analysis: Track material yield, process losses, and wastage against norms; recommend cost control measures in coordination with plant operations.
Capex & New Product Costing: Prepare cost estimates for new products, process changes, or capex proposals, including cost-benefit analysis.
ERP & Systems: Maintain costing modules in the ERP system (SAP), ensure master data accuracy (BOMs, routings, cost centers), and support system-driven cost reporting.
Statutory & Internal Reporting: Support statutory audit, internal audit, and management reporting requirements related to cost and inventory.
Required Qualifications & Skills Cost Accountant (CMA/ICWA) qualification.3–5 years of relevant experience in costing, preferably in chemical, process, or manufacturing industries. Strong knowledge of cost accounting principles, standard costing, and Cost Accounting Standards (CAS). Hands-on experience with ERP systems (SAP) and advanced MS Excel skills. Good understanding of manufacturing processes, production planning, and inventory management.
Pay: From ₹1,000,000.00 per year
Work Location: In person
