Cost Accountant

Job description

Roles and Responsibilities

The role will be responsible for Cost accounting and control activities like product costing, Cost variance analysis, Yield ratio analysis, BOM review, budgeting, plant expenditure variance analysis etc.
of Equipment business vertical and share the pulse with the seniors through regular MIS & dashboards. The role will also be responsible for monthly closing and help take corrective actions where ever needed.

Strategic Responsibilities

Work with Cross functional team to monitor, analyses and control internal costing systems (BOM), Product costing and processes for the i business in line with companies policies

Operational Responsibilities

Understand the production flow and product costing system to compute, analyses and review the cost of product at each plant

Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost

Support the plant team in Cost Audit and Compliance Report, as may be applicable, across the Company and interact with the Statutory, Internal and Cost Auditors.
• Data forecasting
• Data modeling
• Work on data presenting,
• Costing , Anaylist etc

Control the Variations & BOM (Bill of Materials) of FGs and creation / collation of Monthly Production Report.

Interact and challenge the Plant, Strategic Sourcing / Purchase and the Business Development functions on the costs and be self driven in suggesting ways and means to make the quote viable.
Assist the plant in determining the cycle time and the production norms of labour and overhead absorption.

Making estimates of new and proposed product costs

Analyse and identify key areas of improvement and apply cost estimation techniques to drive cost reductions and aid operational processes and efficiency

Assist in performing Impact analysis of various changes in biz against budget like impact of new packaging or implementation of any new project or price change.

Overseeing systems and audit trail of inventory cycle and accounting right from input to the FG such as physical count, cycle count, control over BOM, standard costing, valuation methods, rejection accounting etc.
to ensure zero difference between book and physical stocks.

Suggests ways and means to control and reduce fixed and variable costs.

Play a pro-active role in the annual budgeting exercise.

Assisting in Month end close of the General Ledger