Cost Accountant – Manufacturing & Industrial Sectors

<p>We are seeking a highly analytical and detail-oriented <strong>Cost Accountant</strong> with strong experience in <strong>product costing, manufacturing finance, and profitability optimization</strong> across manufacturing and industrial sectors. The ideal candidate will be responsible for monitoring production costs, analyzing cost structures, improving operational profitability, and supporting strategic financial decision-making.</p><p>The role requires expertise in standard costing, inventory valuation, variance analysis, budgeting, and cost optimization initiatives within manufacturing environments.</p><p><br>Key Responsibilities</p><h3>Product Costing &amp; Cost Analysis</h3><ul><li><p>Prepare and maintain accurate <strong>product costing</strong> models for manufactured products.</p></li><li><p>Analyze <strong>raw material, labor, overhead, and operational costs</strong> to determine product profitability.</p></li><li><p>Develop and review <strong>standard costing systems</strong> and ensure regular updates.</p></li><li><p>Conduct <strong>BOM (Bill of Materials)</strong> and routing validations for accurate costing.</p></li><li><p>Monitor cost trends and identify opportunities for cost reduction and process improvement.</p></li></ul><h3>Profitability Optimization</h3><ul><li><p>Perform detailed <strong>profitability analysis</strong> by product, customer, project, and business unit.</p></li><li><p>Support management with recommendations to improve margins and operational efficiency.</p></li><li><p>Analyze production variances including material usage, labor efficiency, and overhead absorption.</p></li><li><p>Identify cost-saving initiatives and participate in continuous improvement programs.</p></li></ul><h3>Manufacturing Finance Support</h3><ul><li><p>Work closely with production, procurement, supply chain, and operations teams.</p></li><li><p>Support inventory management, stock valuation, and cycle count reconciliation.</p></li><li><p>Monitor WIP (Work-in-Progress) and finished goods costing accuracy.</p></li><li><p>Ensure compliance with accounting standards and internal financial controls.</p></li></ul><h3>Reporting &amp; Budgeting</h3><ul><li><p>Prepare monthly cost reports, margin analysis, and MIS reports for management.</p></li><li><p>Assist in budgeting, forecasting, and annual operating plan preparation.</p></li><li><p>Support month-end and year-end closing activities related to manufacturing accounting.</p></li><li><p>Provide financial insights for pricing strategies and investment decisions.</p></li></ul><h3>ERP &amp; Systems</h3><ul><li><p>Maintain costing data within ERP systems such as Oracle, Microsoft Dynamics, or similar.</p></li><li><p>Improve financial reporting automation and costing methodologies.</p></li><li><p>Ensure data accuracy and integrity across costing and inventory systems.</p></li></ul><hr><p>Qualifications &amp; Experience</p><ul><li><p>Bachelor’s Degree in Accounting, Finance, Commerce, or related field.</p></li><li><p>Professional qualifications such as <strong>CMA, ACCA, CIMA, CPA, or CA</strong> preferred.</p></li><li><p>Minimum <strong>4–8 years</strong> of experience in cost accounting within manufacturing or industrial sectors.</p></li></ul>