**Senior Cost Accountant: Cost Analysis Expert**
6 days ago
Cost Accounting Specialist Role Overview
This position at Manorama Industries Limited requires a skilled Senior Cost Accountant to manage cost analysis, financial reporting, and cost control responsibilities within the Food and Beverage Manufacturing industry.
Key Responsibilities:
• Implement cost standards for materials and labor to ensure accurate financial tracking.
• Conduct comprehensive recovery analysis for products and monitor process costing within the plant.
• Determine standard costs and compare them with actual costs, analyzing and addressing variances as needed.
• Provide regular costing reports to senior management, including monthly/quarterly updates.
• Reconcile raw materials, work-in-progress, and finished goods stock, ensuring accuracy in inventory management.
• Perform variance analysis to explain differences between planned and actual financial performance.
• Guide and mentor the costing team, coordinating activities and answering queries to streamline processes.
Qualifications and Skills:
• Strong expertise in cost analysis is mandatory.
• Proficiency in financial reporting is a must.
• Advanced knowledge of cost control techniques is essential.
• Experience with budgeting processes, including preparation and monitoring.
• Expertise in variance analysis to identify differences between financial plans and actual results.
• Strong skills in inventory management to optimize stock levels and reduce costs.
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