Job Description

JOB TITLE Cost Accountant Manager REPORTS TO Director of the Company EXPERIENCE 08 to 15 years in the same industry or FMCG WORKING LOCATION Okhla phase-1, Industrial Area, New Delhi WORK SHIFT & TIME Monday to Saturday & 10:30a.m to 07: 00p.m SALARY: 65k to 75k (10 to 20% hike on the same salary) or negotiable AGE CRITERIA: From 40 Yrs to 50 Yrs JOB OVERVIEW As a Cost Accountancy Manager, your primary responsibility is to manage and oversee the cost accounting function within an organization. You will be responsible for analyzing costs, developing cost-control strategies, and providing financial insights to support decision-making. Your role is crucial in optimizing costs, improving profitability, and ensuring accurate financial reporting. Duties and responsibilities

• Develop and implement cost accounting policies, procedures, and systems to accurately track and analyze costs.

• Oversee the preparation and analysis of cost reports, including cost of goods sold (COGS), standard costs, variances, and profitability analysis.

• Conduct cost audits and reviews to identify areas of cost improvement and cost control opportunities.

• Collaborate with cross-functional teams, such as production, procurement, sales, marketing, custom, and finance, to gather cost-related data and ensure accurate cost allocation.

• Analyze production processes, material usage, labor costs, and overhead expenses to identify cost-saving initiatives and recommend process improvements.

• Monitor inventory levels, valuation, and inventory cost accuracy, ensuring compliance with accounting standards and regulations.

• Develop and maintain cost models and cost forecasting techniques to support budgeting and financial planning processes.

• Provide financial insights and recommendations to management for strategic decision-making, such as pricing, product profitability, and cost reduction initiatives.

• Support the month-end and year-end closing processes, including the review and analysis of cost-related journal entries, accruals, and reconciliations.

• Collaborate with the accounting team to ensure accurate and timely cost-related financial reporting, including cost of sales, inventory valuation, and cost-related disclosures.

• Stay updated on industry trends, regulations, and best practices in cost accounting and cost management.

• Train and mentor staff members within the cost accounting department, providing guidance and support in cost-related matters.