VACANCY DETAILS :-
We are seeking a highly detail-oriented and analytical Costing Analyst to join our team. In this role, you will be responsible for analyzing and managing various financial and operational data to support decision-making processes at the factory level. The Cost Accountant will work closely with cross-functional teams, including finance, supply chain, and manufacturing, to monitor stock levels, manage costs, and ensure accurate financial reporting and inventory control. Your insights will help optimize production costs and improve overall operational efficiency.
Key Responsibilities:
- MIS Reporting:
- Prepare and analyze daily, weekly, and monthly Management Information System (MIS) reports, focusing on stock levels, inventory movements, and financial aspects related to factory operations.
- Provide in-depth analysis of stock trends, stock turn rates, and discrepancies, highlighting potential risks or opportunities for cost savings.
2. Quantity Reconciliation & Loss Computation/Analysis:
- Perform regular quantity reconciliation between inventory records and physical stock counts to ensure accuracy.
- Analyze stock loss trends and discrepancies, working with relevant departments to identify root causes and implement corrective measures to minimize losses.
- Cost Analysis (Overheads and Product Costing):
- Conduct detailed analysis of overheads, fixed and variable costs to identify cost drivers and areas for improvement in product pricing and profitability.
- Collaborate with the finance team to calculate and review product costs, ensuring optimal production cost management and maximizing profit margins.
4. Inward and Dispatch Verification:
- Verify the accuracy and completeness of inward and dispatch records, ensuring that materials are received and dispatched in line with company policies and procedures.
- Work closely with the supply chain and warehouse teams to ensure smooth and accurate material flows.
5. Accounting Verification & Approvals at Factory Level:
- Assist in the verification of accounting entries related to factory operations, ensuring compliance with financial regulations and internal controls.
- Review and approve expense claims, purchase orders, and other financial transactions at the factory level, ensuring proper documentation and accuracy.
6. Coordination of Factory Level Audits:
- Support the coordination of internal and external audits at the factory level.
- Ensure that all required documentation, financial records, and reports are available for audits and facilitate timely resolution of discrepancies.
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