Job Description

Job Title: Cost Accountant

Department: Finance & Accounts

Location: APIIC State Food Park (between Hanuman Junction to Nuziveedu, Krishna District, AP)

Reporting To: CEO / Finance Manager

Job Summary:

The Cost Accountant will be responsible for managing and analysing all cost-related aspects of the manufacturing and distribution processes within the confectionery business. The role focuses on accurate product costing, pricing analysis, variance reporting, margin improvement, and profitability enhancement. This position will collaborate closely with production, procurement, and sales departments to ensure optimal cost control and decision-making support.

Key Responsibilities:

Product Costing:

Develop and maintain accurate standard costs for all confectionery SKUs, including raw materials, labour, overheads, and packaging and also update as per actual costs.

Analyse bill of materials (BOM) and routing to ensure cost accuracy and integrity.

Conduct regular cost roll-ups and updates reflecting production changes, supplier pricing, and efficiency improvements.

Pricing Analysis:

Support the commercial and sales teams in pricing decisions by providing detailed cost and margin analysis.

Prepare cost-to-serve models for various customer segments and distribution channels.

Evaluate the impact of price changes on margins and profitability.

Profitability Improvement:

Perform product and customer profitability analysis to identify low-margin items and opportunities for improvement.

Provide recommendations for cost reduction and margin enhancement through process improvement, sourcing, and production optimization.

Track and report on cost-saving initiatives and ROI of cost-related projects.

Variance Analysis & Reporting:

Monitor and analyze manufacturing variances including purchase price variance (PPV), labor variance, and overhead absorption.

Investigate and explain monthly cost variances against budget and forecast.

Collaborate with operations to understand and resolve cost inefficiencies.

Budgeting & Forecasting:

Assist in preparation of annual budgets, cost forecasts, and long-term financial plans.

Provide input into production and supply chain planning from a cost perspective.

Inventory Control:

Monitor inventory valuation and ensure correct costing of raw materials, WIP, and finished goods.

Support cycle counting and inventory audit activities to ensure accuracy and integrity of financial data.

Compliance & Internal Controls:

Ensure adherence to accounting standards, internal policies, and cost accounting principles.

Participate in the development of internal controls and standard operating procedures related to costing.

Required Qualifications & Skills:

Bachelor's degree in Accounting, Finance along with Cost Accounting certification (ICWA and/or CMA).

3-5 years of cost accounting experience in a manufacturing environment, preferably in the food or confectionery industry.

Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel/Google Sheets skills.

Strong analytical, problem-solving, and communication skills.

Knowledge of standard costing, variance analysis, and manufacturing processes.

Preferred Competencies:

Experience with lean manufacturing or continuous improvement projects.

Understanding of pricing strategy in a competitive FMCG environment.

Ability to collaborate cross-functionally and present financial insights to non-finance stakeholders.

Interested candidate may please share/submit their resumes to the given

Email ID

: hr@vcnutrifoods.com

Job Types: Full-time, Permanent

Pay: ?25,010.19 - ?45,463.04 per month

Schedule:

Day shift
Work Location: In person

Expected Start Date: 31/05/2025