Cost Accountant

1 day ago

Bhusawal Mumbai Suburban, India Gencrest Bio Products Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Role & responsibilities:

1. Product Costing & Analysis

  • Calculate total cost of each product SKU-wise and location-wise, considering all direct and indirect expenses.
  • Conduct cost analysis for changes in products and new product launch.
  • Perform standard and activity-based costing; analyze and compare standard vs. actual costs.
  • Investigate cost variances and provide actionable insights.

2. Financial Reporting & MIS

  • Assist in month-end, quarter-end, and year-end closing activities related to COGS and inventory valuation.
  • Prepare cost reports, financial summaries, and variance analysis (monthly, quarterly, annually).
  • Support management with accurate cost data for decision-making and strategic planning.

3. Budgeting & Forecasting

  • Develop and manage annual budgets, business plans, and monthly/quarterly forecasts.
  • Track and analyse actual vs. budgeted costs across business segments, departments, and geographies.
  • Provide insights on future budget needs and support financial planning initiatives.

4. Inventory & ERP Management

  • Maintain cost accounting systems in ERP with updated product cost data.
  • Conduct inventory valuation, stock reconciliations, and physical inventory verification.
  • Monitor inventory transactions and perform cost audits to ensure data accuracy.

5. Strategic Support & Cost Optimization

  • Identify cost rationalization opportunities and recommend cost-effective solutions.
  • Support pricing strategy decisions by providing product-level and customer-level cost analysis.
  • Collaborate with cross-functional teams to streamline processes and improve cost efficiency.
  • Advise on procurement strategies to control material and production costs.

6. Compliance & Controls

  • Ensure compliance with internal policies, accounting principles, and cost accounting standards.
  • Develop internal controls for inventory and cost accounting systems.
  • Review and verify cost management calculations for projects and capital expenditures.

Preferred candidate profile

  • Excellent analytical and problem-solving skills.
  • Strong knowledge of cost accounting principles and financial reporting.
  • Proven experience in product costing, margin analysis, and variance analysis.
  • Advanced proficiency in Excel and MIS reporting tools.
  • Hands-on experience with ERP systems such as SAP, Oracle, or Tally.
  • Strong attention to detail; ability to meet tight deadlines.
  • Effective communication and cross-functional collaboration skills.

Perks and benefits

Mediclaim for Self & Family

**Only CMA-certified candidates will be considered.

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