Cost Accountant

2 days ago

Navi Mumbai Panvel, India Kairav Chemofarbe Industries Full time ₹ 4,00,000 - ₹ 12,00,000 per year

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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