Job Description

We are seeking a detail-oriented and analytical Accountant to manage the financial operations of our food processing plant. The ideal candidate will possess a strong understanding of cost accounting principles, inventory management, and compliance requirements specific to the food manufacturing industry. You will play a key role in tracking production costs, analyzing operational efficiency, and ensuring the financial health of our manufacturing operations.

Key Responsibilities
1. Cost Accounting & Management:

Cost Analysis: Calculate the cost of goods sold (COGS) for individual products, including raw materials, direct labor, and manufacturing overhead. Standard Costing: Develop, maintain, and update standard costs for all finished goods and raw materials. Analyze and report on variances between standard and actual costs. Yield Analysis: Monitor and report on production yields, identifying variances and working with production managers to investigate causes (e.g., waste, shrinkage, machine efficiency). Overhead Allocation: Accurately allocate manufacturing overhead to products using appropriate drivers (e.g., machine hours, labor hours).
2. Inventory Management & Control:

Inventory Valuation: Manage inventory accounting using appropriate methods (FIFO is common due to perishability). Perform regular inventory reconciliations. Perishable Goods Tracking: Implement and monitor controls for tracking raw materials (e.g., produce, meat, dairy) with limited shelf lives to minimize obsolescence and write-offs. Cycle Counts & Physical Inventory: Lead and/or participate in regular cycle counts and annual physical inventory audits. Investigate and reconcile discrepancies. Waste & By-Product Reporting: Track and account for waste, scrap, and by-products, ensuring proper valuation and disposal.
3. Financial Reporting & Analysis:

Management Reporting: Prepare daily, weekly, and monthly operational and financial reports for plant management (e.g., production cost reports, efficiency reports, gross margin analysis). Budgeting & Forecasting: Assist in the development of the annual operating budget and periodic forecasts for the plant. Profitability Analysis: Analyze product line profitability and provide insights to support strategic decision-making.
4. Compliance & Operational Support:

Regulatory Compliance: Ensure compliance with industry-specific regulations GMP (Good Manufacturing Practices) as they relate to financial controls and traceability. Internal Controls: Maintain and enforce robust internal controls over financial reporting, inventory, and fixed assets within the plant. Audit Support: Serve as a key point of contact for both internal and external auditors, providing necessary documentation and explanations.
Qualifications & Experience

Education: Bachelors degree in Accounting, Finance, or a related field. Certification: CPA or CMA certification is a strong plus. Experience: Minimum of 5 years of accounting experience, with at least 2 years in a manufacturing environment (food processing highly preferred). Proven experience with cost accounting, standard costing, and variance analysis. Hands-on experience with inventory management and valuation in a perishable goods environment.
Required Skills & Competencies

Technical Skills: Proficiency in ERP systems and advanced Microsoft Excel skills (PivotTables, VLOOKUPs, etc.). In-depth knowledge of GAAP (Generally Accepted Accounting Principles). Proficiency in Tally Prime Analytical Skills: Strong ability to analyze complex data, identify trends, and solve problems. Attention to Detail: Meticulous accuracy in handling financial data and inventory records. Communication Skills: Excellent verbal and written communication skills to effectively interact with both finance and non-finance personnel (e.g., production managers, warehouse staff). Organizational Skills: Ability to manage multiple priorities and meet deadlines in a fast-paced environment. Collaboration: A team player who can work effectively with cross-functional teams.
Job Type: Full-time

Pay: ₹25,000.00 - ₹35,000.00 per month

Education:

Master's (Preferred)
Experience:

5years: 1 year (Required)
Location:

Kompally, Hyderabad, Telangana (Preferred)
Work Location: In person