Cost Accountant

& responsibilities

The Cost Accountant is responsible for monitoring and analyzing the cost of production, identifying cost variances, controlling Writing & printing manufacturing costs and providing accurate cost information to management for better business decisions.
Key Responsibilities
Product Costing
Calculate the cost of manufacturing different grades of writing and printing paper.
Analyze costs of raw materials, chemicals, power, steam, labour, packaging and other production expenses.
Calculate cost per MT of paper production.
Maintain standard and actual cost records.
Cost Analysis & Variance
Compare actual cost against standard/budgeted cost.
Analyse variances in:
recycled Rawmaterial consumption
Chemical consumption
Power and fuel
Steam
Labour
Packaging
Production yield
Identify reasons for adverse variances and recommend corrective actions.
Analyse slow-moving and non-moving inventory.
Production Cost Monitoring
Monitor daily/monthly production cost.
Calculate cost per MT for different paper grades.
Analyse production yield, wastage and machine efficiency.
Track manufacturing overheads.
Budgeting & Forecasting
Assist in preparation of annual operating budgets.
Prepare department-wise cost budgets.
Compare actual expenses with budget.
Prepare forecasts based on production and market conditions.
Management MIS
Prepare monthly cost sheets and MIS reports.
Present cost trends and variance analysis to management.
Cost Reduction
Identify opportunities for reducing manufacturing costs.
Analyse excessive consumption of raw materials, chemicals, energy and spares.
Profitability Analysis
Analyse profitability grade-wise/product-wise.
Calculate contribution margin and production cost.
Support management in determining appropriate selling prices.
Evaluate the financial impact of changes in raw material and energy prices.

Preferred candidate profile Writing & printing paper industry

Perks and benefits