Strategic Cost

1 day ago

Tirupati, Andhra Pradesh, India beBeeCostAccountant Full time ₹ 80,00,000 - ₹ 1,00,00,000

About our organization.

We are a leading pharmaceutical company with a strong presence in domestic and international markets. Our team believes that people are our greatest asset.

Role Overview

We seek an experienced and strategic Cost Accountant with 5–10 years of proven expertise in cost management, budgeting, financial planning, and compliance. This role is critical in driving cost efficiency, ensuring profitability, and supporting decision-making at both operational and strategic levels.

Key Responsibilities

Costing & Analysis

  • Prepare product-wise profitability analysis and gross margin reports.
  • Develop monthly cost sheets, standard costing, and inventory valuations (raw material, packing material, semi-finished, and finished goods).
  • Analyze manufacturing costs and compare actual costs with standard costs.
  • Collect and analyze historical cost data for budgeting and forecasting.

Financial Reporting & MIS

  • Manage monthly, quarterly, half-yearly, and annual financial closing processes.
  • Prepare and analyze MIS reports for management decision-making.
  • Ensure accurate reconciliations of accounts, journal entries, and balance sheets.
  • Coordinate with auditors (internal & statutory) and handle audit queries.

Audit & Compliance

  • Prepare cost audit reports as per the Cost Audit Report Rule, 2011.
  • Maintain cost records and ensure adherence to Cost Accounting Standards.
  • Presentation of a fair and true financial view of the company in compliance with regulatory requirements.

Coordination & Support

  • Work closely with cross-functional teams to gather cost data.
  • Support management in planning, organizing, and scheduling project costs.
  • Interaction with auditors, vendors, subcontractors, and team members for financial accuracy.
  • Assistance in treasury management, payroll, accounts payable, and receivable functions.

Process Improvement

  • Evaluation of financial data to improve accuracy and completeness.
  • Recommendation of cost control measures and support for performance improvement initiatives.
  • Insights on turnover, profitability, and expenditure to management.

Qualifications & Skills:

  • CMA / ICWA qualification or equivalent.
  • 5-10 years of experience in costing, accounting, audit, and financial reporting.
  • Strong knowledge of Cost Accounting Standards and Cost Audit requirements.
  • Proficiency in financial software, SAP/ERP systems, and MS Excel.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to handle multiple priorities and meet strict deadlines.

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