Cost Accounting

Job Title: Cost Accounting Plant

Department: Finance & Accounts

Location: Srikakulam Plant

Reports To: Plant Finance Head / Corporate Finance

Job Purpose

To lead and manage Srikakulam and Ethakottas plant costing and management accounting function, ensuring accurate cost tracking, variance analysis, and actionable insights for decision-making. The role also ensures compliance with statutory requirements and supports business efficiency through robust cost systems.

Key Responsibilities

1. Costing & Accounting

• Implement and maintain accurate product and process costing systems
• Ensure proper inventory valuation and reconciliation
• Manage standard costing and monitor deviations
• Support preparation of annual budgets and cost estimates
• Drive automation and ERP enhancements for faster, accurate reporting

2. Reporting & Analysis

• Prepare and present periodic MIS reports (cost statements, profitability analysis, variance analysis)
• Conduct costbenefit analysis and highlight improvement opportunities
• Provide financial insights to support management decision-making
• Drive automation and ERP enhancements for faster, accurate reporting

3. Compliance & Audit Support

• Ensure adherence to Cost Accounting Standards (CAS) and statutory reporting requirements
• Coordinate with internal and statutory auditors for smooth audits
• Maintain compliance with the Companies Act, tax regulations, and industry guidelines
• Establish and monitor internal controls related to cost and accounting processes

Qualifications & Experience

• Education: CA / ICWA (Cost & Management Accountant)
• Experience:9–12 years of relevant experience in cost accounting in a manufacturing/plant environment.
• Skills Required:
• Strong analytical thinking and problem-solving
• Financial systems: Proficiency in ERP systems (SAP CO Module), COPA reports , advanced Excel, BI/reporting tools
• Variance analysis: Material, labour, overhead variances with actionable insights
• Strong knowledge of Cost Accounting Standards (CAS) and Companies Act requirements
• Ability to interpret data and provide business insights
• Understanding of manufacturing operations & supply chain to partner with business
• Communication & presentation skills – ability to convey financial insights clearly
• Collaboration & stakeholder management – work with operations, procurement, sales, and auditors