Job Description & Cost Accountant Responsibilities:
The Cost Accountant is responsible for analyzing and managing cost expenditures and financial data to help guide the organization's financial decisions. This role involves development of cost accounting system, preparing cost reports, maintaining accurate cost records, and providing insights into cost-effective measures.
· Good knowledge in Product Costing / Product Profitability Analysis.
· Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
· Analyzing the Sales price movements/product mix analysis/product cost variances/production order variances Standard Vs Actuals
· Standard Cost Roll up on monthly basis / Month end closing activities in SAP.
· Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
· Analyzing the Sales price movements/product mix analysis/product cost variances/production order variances Standard Vs Actuals.
· Conduct physical inventories and monitor the cycle count program.
· Audit Support for all Inventory / Costing related activities.
· Analyze and recommend costs and cost savings.
· Rolling out yearly/ Monthly Activity Rates for standard costs.
· Ability to work independently and as part of a team.
Educational Background:
· Education: Bachelor’s degree in Accounting, Finance plus CMA (Inter / Final) certification will be preferred.
· Experience: Minimum of 7-8 years of experience in cost accounting or a related financial role.
Skills:
· Strong analytical and problem-solving skills.
· Proficiency in accounting software (e.g. SAP, Oracle).
· Advanced Excel skills, including the ability to create complex formulas and financial models.
· Excellent attention to detail and accuracy.
· Effective communication and interpersonal skills.
Personal Attributes:
· High level of integrity and professionalism.
· Ability to work independently and as part of a team.