Job Description
Position Name : Cost Accountant
Location : Sangamner
Reporting To : Head – Finance
Experience : 5-8 Years
Role : Jr Management
Job Summary
The Cost Accountant is responsible for managing and analyzing product and manufacturing costs to support strategic business decisions. The role involves maintaining an effective cost accounting system, monitoring inventory valuation, performing profitability analysis, preparing cost reports, and ensuring accurate month-end costing activities. The incumbent will work closely with Production, Supply Chain, Sales, and Finance teams to identify cost-saving opportunities and improve overall operational efficiency.
Key Responsibilities
Cost Accounting & Product Costing
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Develop, implement, and maintain the company's cost accounting system.
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Prepare and maintain standard costing for all products.
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Perform monthly standard cost roll-up and cost updates in SAP.
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Analyze manufacturing costs and compare standard costs with actual production costs.
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Conduct product costing and product profitability analysis.
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Analyze production order variances and recommend corrective actions.
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Prepare monthly cost variance reports with detailed analysis.
Financial Analysis
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Analyze sales price movements and product mix profitability.
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Review material, labor, and overhead cost variances.
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Prepare profitability reports for management decision-making.
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Provide cost analysis to support pricing strategies and business planning.
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Identify cost-saving opportunities and recommend process improvements.
Inventory Management
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Monitor inventory valuation and costing.
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Conduct physical inventory verification and support cycle count activities.
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Reconcile inventory differences and investigate variances.
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Ensure accurate inventory records and costing in ERP systems.
Month-End Activities
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Perform month-end costing activities in SAP.
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Ensure accurate product costing and inventory valuation.
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Maintain costing master data and activity rates.
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Roll out monthly and annual activity rates for standard costing.
Audit & Compliance
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Support internal and statutory audits related to inventory and costing.
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Ensure compliance with accounting standards and company policies.
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Maintain accurate documentation for costing and inventory records.
Reporting
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Prepare periodic MIS reports related to costing and profitability.
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Present cost analysis and business insights to management.
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Support budgeting, forecasting, and financial planning activities.
Cross-Functional Coordination
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Work closely with Production, Procurement, Supply Chain, Quality, and Sales teams.
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Support business initiatives by providing financial and cost analysis.
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Participate in process improvement and cost optimization projects.
Educational Qualification
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Bachelor's Degree in Accounting, Commerce, Finance, or a related discipline.
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CMA (Inter/Final) qualification will be preferred.
Experience
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Minimum 5–8 years of experience in Cost Accounting, Manufacturing Finance, or a related field.
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Experience in manufacturing/FMCG/Food Processing industries will be an added advantage.
