Cost Accountant

2 weeks ago

Surat, Gujarat, India Concept Medical Full time

Job Purpose:

To manage and analyze costing-related data, prepare accurate management reports, and provide insights for strategic decision-making. The role ensures proper costing practices, variance analysis, and reporting structures are in place to support the organization's financial efficiency and performance.

Key Responsibilities:

Costing:

  • Prepare and maintain cost sheets for products and processes.
  • Conduct standard costing, actual costing, and variance analysis.
  • Evaluate raw material, labor, and overhead costs.
  • Coordinate with production, purchase, and R&D for costing inputs.
  • Monitor and control Bill of Materials (BOM) and standard costs in ERP.
  • Identify cost-saving opportunities and provide recommendations.
  • Perform margin analysis, pricing validation, and profitability analysis.

MIS (Management Information System):

  • Design and generate daily, weekly, monthly, and quarterly MIS reports.
  • Analyze financial and operational performance indicators.
  • Prepare dashboards, management review presentations, and KPIs.
  • Track budget vs. actual performance and suggest corrective actions.
  • Support financial planning and analysis (FP&A) processes.
  • Automate reports and streamline data collection using tools like Excel, Power BI, or ERP.

Compliance & Audit:

  • Ensure costing procedures align with internal controls and accounting standards.
  • Support audits with costing-related data and reports.

Skills & Competencies:

  • Strong analytical and numerical skills.
  • In-depth knowledge of costing methodologies (standard, absorption, activity-based costing, etc.).
  • Proficiency in MS Excel, ERP systems (e.g., SAP, Oracle, Tally), and MIS tools.
  • Attention to detail with problem-solving abilities.
  • Good communication skills to interact with cross-functional teams.

Educational & Experience Requirements:

  • B.Com / M.Com / MBA (Finance) / CA Inter / CMA preferred.
  • 5 years of experience in costing and MIS in a manufacturing setup.

Preferred Industry:

  • Medical Devices, Pharmaceuticals, FMCG, Engineering, or Manufacturing.

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