Chief Cost Control Specialist

2 weeks ago

Davangere, Karnataka, India beBeeFinancial Full time ₹ 4,00,000 - ₹ 7,00,000
Job Title: Financial Analyst

We are seeking an analytical professional to handle purchase accounting, perform vouching, support audit readiness, and manage cost center allocations.

  • Key Responsibilities:
    • Purchase Accounting & Controls
      • Verify and process purchase transactions and vendor invoices.
      • Ensure compliance with purchase order terms, GST input credit rules, and payment terms.
      • Coordinate with the procurement team to reconcile GRNs, POs, and invoices.
      • Validate purchase orders, goods receipt notes (GRNs), and vendor invoices for raw materials, spares, consumables, and capital goods.
      • Monitor vendor balances, advances, and resolve discrepancies.
    • Vouching and Internal Checks
      • Perform detailed vouching of accounting entries, including purchases, expenses, and fixed assets.
      • Ensure appropriate supporting documents (invoices, approvals, contracts) are in place.
      • Identify anomalies, errors, or fraudulent transactions and flag them for corrective action.
    • Audit Support (Internal & Statutory)
      • Prepare and maintain audit schedules and reconciliations related to purchase and cost accounts.
      • Support internal and external auditors with required documentation and clarifications.
      • Implement audit recommendations and strengthen internal controls accordingly.
    • Cost Center Accounting
      • Allocate expenses to correct cost centers in accordance with company policies.
      • Monitor cost center budgets vs actuals and report variances.
      • Assist in financial reporting by preparing cost center-wise P&L statements.

Required Skills & Competencies:

  • Strong knowledge of AS, Ind AS, GST, and TDS provisions.
  • Proficiency in ERP systems (SAP, Oracle, Tally, etc.).
  • Attention to detail and strong analytical skills.
  • Effective communication and coordination skills across departments.
  • Ability to work under pressure and meet deadlines.

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