Manager / Sr. Manager - Costing

Job Summary

We are looking for a Cost Accountant to join our accounting department, responsible for preparation of

data related to cost analyses and preparing budget reports. Incumbent shall possess the ability to

combine different data and prepare reports to calculate profit margins. Our ideal candidate should also

be able to create detailed reports as per in line reporting person. Ultimately, job role is to build updated

databases and manage cost information for further analysis and deriving the cost of the product.

Key Competencies & Skill Set

• Must have a strong Cost systems background and have excellent analytical skills

• Sound understanding of accounting principles.

• Computer literacy, MS Excel, Word in particular (familiarity with Basic and advance features &

tools).

• Excellent analytical skills with an attention to detail.

• Strong time management skills.

• Integrity, with an ability to handle confidential information.

• SAP knowledge of FICO module

• Strong knowledge of legislations pertaining to costing.

• Team work

• Internal customer handling

• Analytical skill

• Adaptability and flexibility to acumen with the organizational work culture.

Roles & Responsibilities

Accounting/Reporting

• Establish, maintain and review standard costs system.
• Participate in the monthly closing process ensuring work requirements are completed in a thorough, accurate and timely manner.
• Prepare and analyze monthly COGS, PPV and Manufacturing variance journal entries.
• Calculate and analyze the Excess & Obsolete Inventory Reserve.
• Track, analyze and report inventory valuations to management, ensure valued inventories have accurate quantities and are properly valued in accordance with GAAP.
• Analyze cost accounting data and assist with cycle count/physical inventories.
• Establish appropriate product category and other allocations.
• Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports.
• Monitor compliance with generally accepted accounting principles and company procedures and proactively communicate identified accounting/financial and control issues to Accounting Manager, and head of Finance-Operations.
• Complete assigned account reconciliations and related analysis on a monthly basis to identify potential discrepancies in account balances.
• Lead yearly standard setting process for finished goods, components, and core parts; update and review standard and actual costs.
• Establish, maintain and review standard costs systems; support the systems used to develop and analyze product costs.
• Proactively identify and address accounting and control issues, and ensure the Cost of Goods Sold section of the financials are compliant and correct.

Planning/Forecasting/Analyses

• Perform analyses on assigned accounts to determine trends, estimates, and significant changes
• Analyze actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs
• Work with operations on new and proposed product cost estimates
• Review and analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses.
• Participates in the preparation of the annual product cost development, analyze and report budgeted variances, and perform volume, component and core costing analysis
• Preparation of required budget schedules
• Prepare monthly variance analysis to support accurate and timely reporting of monthly actuals to various internal customers
• Participates in the coordination and preparation of operating forecasts vs budget, as required
• Preparation of weekly and or mid-month projections of operations performance, as required Audit / Record Management:

• Preparation of cost records and ensuring smooth Audit.

• Maintaining cost records and retrieving related files for audit purpose as & when required.

• Provide schedules, support, and analytics for year-end financial audit.

Desired Experience and Qualification

• Qualified Cost accountant from ICWA / ICAI possess strong fundamental cost accountant skills

with 8-10 years experience.

• Proven experience as a cost accountant in similar setup will be preferred