Cost Accountant- Manufacturing

Hiring Cost Accountant from Manufacturing industry

Job Description:

As a cost accountant, you will collect, analyse, and report on cost accounting data.

Objectives of this role

• Create a system to precisely calculate the activity rate for both standard and actual costing.
• Develop strategies to reduce costs and study product pricing
• Prepare product cost reports by collecting information and data points from various departments within the organisation.
• Investigate discrepancies in product costing and perform PEC (period-end close) activities, including settlement of Internal & maintenance order.
• Conduct regular variance analysis, to accounting practices and ensure compliance with the standard cost.

Your tasks

• Examine costs of production to determine the most efficient methods of production.
• Ensure accurate classification of expenses for conversion cost calculation.
• Research material costs to ensure the accuracy of RM consumption in accounting system.
• Analyse manufacturing costs and prepare periodic reports comparing standard prices to actual production costs.
• Participate in physical inventory counts to ensure the accuracy of inventory records.(value)
• Monitor the accumulation of all direct labour, overhead and other manufacturing-related expenses.
• Work closely with other SAP modules to ensure seamless integration.
• Proven ability to analyse business requirements and help in effective SAP CO solutions.
• Atomisation of CO related process for faster & accurate data.

Required skills and qualifications

• A bachelors or masters degree in finance or commerce with a specialisation in Costing
• 3+ years of experience in the accountancy field or an equivalent role.
• Proficiency in accounting software like Excel, word, PPT and well-acquainted with SAP S4HANA.
• Exceptional ability to think critically and make decisions based on data analysis.
• Excellent communication and presentation skills in discussing Costing reports with company stakeholders.

Preferred skills and qualifications

• Relevant certifications in Cost Accountant.
• Strong understanding of SAP CO modules and their integration with other SAP modules.
• Passion for numbers and competence in assessing larger datasets.
• Aptitude for mathematics, statistics, and various cost analysis techniques.
• Unswerving critical, analytical, and interpretation capabilities.
• Willingness to work in a team or individually, as required.