Costing & MIS

1 day ago

Aurangabad, Maharashtra, India Hindustan Composites Full time

About Us :

Hindustan Composites Limited has pioneered the development, manufacture & marketing of Friction Materials in India comprising of Brake Lining, Clutch Facing, Disc Brake Pad, and Roll Lining, Brake Block etc., setting high standards in Quality and Technology through collaborations and in-house research & development for more than 60 years.

Composites with its wide range of products suitable for a number of general and specialized applications, has been catering to the diversified needs of core sector industries, such as Automotive, Railways, Engineering, Mining, Aerospace, Steel, Chemical, Oil Exploration etc.

A technology driven Company, Composites is committed to continuous upgradation, development of materials and processes, to ensure the highest quality standards.

Job Description :

Responsibilities:

  • Handling entire costing system, cost record and cost audit.
  • Carryout standard costing of products, its comparison with actual cost and variance analysis.
  • Collect and analyze cost data: Gather and examine cost information related to materials, labour, overhead, and other expenses to determine the cost structure of products, services, or projects.
  • Cost control and reduction: Identify opportunities for cost reduction and efficiency improvements by analyzing cost data and working with management to implement cost-saving initiatives.
  • Cost allocation and analysis: Allocate indirect costs to different cost centers, departments, or products using appropriate allocation methods, and analyze cost trends to identify areas of potential improvement.
  • Budgeting and forecasting: Assist in the preparation of budgets and forecasts by estimating future costs based on historical data, trends, and management input. Compare actual costs against budgeted figures and provide variance analysis to support decision-making.
  • Inventory valuation and management: Monitor and manage inventory levels, perform periodic inventory counts, and calculate the value of inventory using appropriate costing methods, such as FIFO, LIFO, or weighted average cost.
  • Pricing analysis: Analyze costs and profit margins to support pricing decisions, ensuring that products and services are priced competitively and contribute to overall profitability.
  • Financial reporting: Prepare periodic cost reports, such as standard cost updates, product cost analysis, and gross margin analysis, to support management decision-making and financial reporting.
  • Compliance and internal controls: Ensure compliance with relevant accounting standards, regulations, and internal policies related to cost accounting and maintain a strong system of internal controls to safeguard company assets.
  • Collaboration with cross-functional teams: Work closely with other departments, such as production, purchasing, and sales, to gather information, analyze costs, and implement cost-saving initiatives.

Requirements:

Qualified Cost Accountant (ICWA) or Inter CA

Good Experience working in ERP, Strong Excel skills, especially advanced financial modeling and analytical techniques;

Knowledge or experience in using sound judgment within broadly defined practices and policies;

Ability to perform comfortably in a fast-paced, deadline-oriented work environment;

Excellent organizational, verbal and written communication skills;

6-8 years cost accounting experience required, in any Manufacturing Industry

Ability to work as a team member, as well as independently;

Excellent analytical skills; strong focus on accuracy and attention to detail.

Job Type: Full-time

Pay: ₹600, ₹800,000.00 per year

Benefits:

  • Health insurance
  • Leave encashment
  • Provident Fund

Work Location: In person

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