Cost Accountant

Cost Accountant

Location: Mumbai (Goregaon East)
Industry: Manufacturing / Chemical
Experience: 3+ Years
Qualification: Bachelors/Masters in Commerce, Finance or Accounting
CMA/ICWA: Preferred

Job Overview

We are looking for an experienced and detail-oriented Cost Accountant to join our Finance team. The candidate will be responsible for cost analysis, product costing, inventory monitoring, variance analysis, budgeting, and financial reporting.

Key Responsibilities

• Analyze manufacturing and production costs to identify cost-effective methods.
• Prepare product costing and compare standard costs with actual production costs.
• Monitor and analyze material, direct labour, overhead, and manufacturing costs.
• Conduct variance analysis and investigate discrepancies.
• Prepare budgeting and cost-related reports in coordination with various departments.
• Monitor inventory levels and participate in physical inventory verification.
• Ensure accurate classification and recording of expenses.
• Verify material costs and maintain accuracy of costing data in the accounting system.
• Perform month-end activities including journal entries and reconciliations.
• Support internal audits and ensure compliance with applicable accounting practices and regulations.
• Identify opportunities for cost reduction and improved profitability.
• Prepare and present cost-related reports to management and stakeholders.

Mandatory Skills

• Strong knowledge of Cost Accounting & Costing.
• Experience in Manufacturing Costing.
• Hands-on experience in Product Costing.
• Strong understanding of Standard vs. Actual Cost & Variance Analysis.
• Knowledge of Inventory & Material Costing.
• Experience in Budgeting, Cost Control & Analysis.
• Good knowledge of accounting principles and reconciliations.
• Proficiency in Tally/ERP and MS Excel.
• Minimum 3+ years of relevant experience.

Preferred Skills

• CMA / ICWA qualification.
• Experience in Chemical, Pharma, Food, API or other manufacturing industries.
• Strong analytical and numerical skills.
• Excellent communication and stakeholder management skills.
• Ability to work independently as well as in a team.