JOB DESCRIPTION
Position:
Cost Accountant
Location:
Coimbatore
Age:
Below 45 years
Reporting To:
Finance Head / Business Head
Job Purpose
To lead costing and financial analysis functions in spinning operations by ensuring accurate product costing, cost control, profitability analysis, and supporting strategic decision-making to improve margins and overall business performance.
Key Responsibilities
1. Product Costing & Analysis
- Prepare and validate yarn costing (count-wise, mix-wise, customer-wise)
- Analyze cost components including raw material, conversion, labor, and overheads
- Ensure accuracy in standard and actual costing
2. Raw Material Cost Control
- Monitor cotton prices and consumption patterns
- Optimize mixing cost and minimize raw material variance
- Work with procurement and R&D teams for cost-effective sourcing
3. Conversion Cost Optimization
- Analyze power, labor, and machine efficiency costs
- Identify opportunities to reduce conversion cost per kg
- Monitor productivity (kg/spindle/day) and cost impact
4. Profitability & Margin Analysis
- Evaluate contribution margins for products and customers
- Support pricing decisions and commercial negotiations
- Identify low-margin or loss-making products and suggest corrective actions
5. Budgeting & Forecasting
- Prepare annual budgets and cost forecasts
- Monitor actual vs budgeted performance
- Provide variance analysis and corrective recommendations
6. MIS & Reporting
- Prepare daily/weekly/monthly cost MIS reports
- Present insights on cost trends, variances, and performance
- Support management with data-driven decision-making
7. Cross-functional Coordination
- Work closely with production, R&D, procurement, and marketing teams
- Ensure alignment between costing, production efficiency, and pricing strategies
8. Process Improvement & Cost Reduction
- Drive cost reduction initiatives across departments
- Identify inefficiencies and implement corrective measures
- Support automation and system improvements in costing
Key Skills Required
- Strong knowledge of spinning cost structures and yarn costing
- Financial analysis and cost control expertise
- Strong analytical and problem-solving skills
- Advanced Excel / ERP knowledge
- Good coordination and communication skills
Experience Requirement
- 10 - 15 years in spinning industry / textile costing / finance roles
Key Performance Indicators (KPIs)
- Accuracy of product costing
- Reduction in cost per kg of yarn
- Improvement in profit margins
- Budget vs actual variance control
- Identification and execution of cost-saving initiatives
Additional Expectations
- Strong attention to detail and data accuracy
- Ability to handle large-scale costing operations
- Proactive approach to cost optimization
- Support strategic and commercial decision-making
Qualifications Required
- Bachelor’s Degree in Commerce / Finance / Textile Technology
- CA / CMA / MBA Finance (preferred)
- Strong knowledge of costing systems and ERP tools
Pay: ₹100,000.00 - ₹150,000.00 per month
Work Location: In person
