Cost Accountant
1 week ago
Job Title: Cost Accountant Factory Operations
Location: Taloja
Experience: 3-6 Years (Preferably from a Manufacturing / Chemical Industry)
Qualification: B.Com / M.Com / ICWA (Inter / Final)
Role Objective:
To monitor, analyze, and optimize manufacturing costs at the plant level by identifying cost-saving opportunities, improving operational efficiency, and ensuring effective utilization of resources.
Key Responsibilities:
1. Cost Monitoring & Control:
- Track daily, weekly, and monthly production cost data (raw material, utilities, manpower, maintenance, etc.).
- Conduct detailed cost variance analysis against standards and report deviations to management.
- Implement cost control measures in coordination with production and maintenance teams.
2. Process & Resource Optimization:
- Study process efficiency and suggest improvements to reduce wastage, energy, and utility consumption.
- Assist in developing cost optimization projects across production, logistics, and procurement.
- Support management in evaluating make-or-buy and process improvement decisions.
3. Budgeting & Forecasting:
- Prepare annual and monthly factory budgets with department heads.
- Track and report budget vs. actual performance.
- Recommend cost-saving targets and monitor implementation.
4. Inventory & Material Management:
- Ensure accurate valuation and control of raw materials, WIP, and finished goods.
- Analyze material usage efficiency and suggest improvements.
- Support physical stock verification and reconciliation.
5. Reporting & Analysis:
- Generate daily / monthly cost MIS, cost center reports, and variance summaries.
- Present actionable insights for cost reduction and productivity improvement.
- Support in cost audits and internal audits.
Key Skills Required:
- Strong understanding of manufacturing costing systems and process flow.
- Proficiency in Excel and ERP or accounting software.
- Analytical mindset with a focus on cost optimization and savings.
- Good communication and coordination skills with plant departments.
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