Cost Accountant - Plant

Key Responsibilities

Cost Accounting & Product Costing

• Prepare and maintain standard costs for billets, TMT bars, and by-products (scale, slag, etc.)
• Compute process-wise cost (Melting Shop/SMS, Rolling Mill) including yield, conversion cost, and burning loss
• Track and analyze raw material consumption (iron ore/sponge iron/scrap) vs. standard norms
• Prepare cost sheets for each grade/size of TMT bars produced

Yield & Variance Analysis

• Monitor metallic yield, rolling yield, and power/fuel consumption against budgeted norms
• Investigate and report variances (material, labor, overhead) with root-cause analysis
• Track scrap generation, rejection, and rework costs

Budgeting & MIS

• Assist in preparation of annual budgets and monthly rolling forecasts
• Prepare daily/weekly/monthly MIS reports on production cost, per-ton conversion cost, and profitability
• Track power & fuel cost per ton, consumable costs, and other overheads

Inventory & Valuation

• Conduct physical stock verification of stores / raw materials, WIP, and finished goods
• Ensure correct inventory valuation as per costing standards and accounting policies (Ind AS)
• Reconcile stock records between production, stores, and finance

Compliance & Audit

• Maintain cost records as per Companies (Cost Records and Audit) Rules, if applicable
• Support internal, statutory, and cost audits with required schedules and data
• Ensure compliance with GST/costing-related documentation

Cross-Functional Coordination

• Liaise with production, purchase, and quality departments to gather cost-relevant data
• Support pricing decisions by providing cost-plus analysis for different product grades
• Assist management with cost-reduction initiatives and process improvement studies

Key Skills Required

• Strong knowledge of cost accounting principles, standard costing, and variance analysis
• Familiarity with steel/TMT manufacturing process (SMS, Rolling Mill operations)
• Proficiency in ERP systems and advanced Excel
• Analytical mindset with attention to detail
• Knowledge of Ind AS / Cost Accounting Standards (CAS)

Key Performance Indicators (KPIs)

• Accuracy of cost sheets and timeliness of MIS reports
• Reduction in cost variances (material, yield, power)
• Inventory accuracy %
• Turnaround time for audit/compliance data

Location: Chegunta, Hyderabad

Experience: 3–6 years (in steel/TMT/manufacturing industry preferred)

Qualification: B.Com / M.Com / CMA (Inter or Qualified) / CA Inter preferred