VACANCY DETAILS :-
POST NAME - Cost Accountant
QUALIFICATION - CMA
EXPERIENCE - 2 To 4 Years
LOCATION - Calicut
JOB DESCRIPTION :-
Perform product costing in the Factory unit in order to compare manufacturing costing and supplier product cost and report to immediate Superiors for decision making.
Functional Responsibilities
- Ensure that costs of factory products are allocated according to corporate procedures and in compliance with cost accounting standards.
- Compare projected manufacturing costs to actual manufacturing cost and report findings to the unit head to aid in data based decision making.
- Actively involve in costing of new products and is responsible to create Product Mix based on costing analysis.
- Monitor all accounting and book keeping operations (such as Billing, Accounts Receivable, Accounts Payable, General Ledger and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition) for Factory unit to maintain financial records effectively and efficiently.
- Ensure that there is accurate recording of expenditure in the appropriate journals and ledgers.
- Assists senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports.
- Educate the Operational and Production teams working in factory on the management of costs.
- Provide support in developing ERP software to ensure system based product costing
- Maintain accurate costing methodology in the ERP system.
Analysis
- Monitor the collection and validation of data in the Factory unit to analyse fixed and variable costs of activities related to raw material, inventory, rent, labour etc. and determine methods of reducing costs.
- Perform cost analysis of all expenses & report for executing company's cost control procedures and policies for product manufacturing.
- Analyse changes in product design, manufacturing methods and raw materials to determine the effect on cost in Factory Unit.
- Conduct monthly manufacturing and overhead variance research, analysis and reporting, including labor/overhead absorption by product lines.
- Analysing the P&L and balance sheet accounts to understand the main cost drivers of the business.
Internal process
- Ensure adherence to the standard operating procedures in the section.
- Prepare cost accounting reports to the top management by analyzing cost control systems and interpreting cost audits.
People development
- Continuously strive for self-development by actively seeking opportunities for growth.
- Ensure adherence to timelines for completion of the performance appraisal for self.
- Take overall responsibility for identification of training needs and completion of mandatory training programs/certifications for self.
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