Cost & Management Accountant(Manager Level)-Hyderabad-Corporate Office

Call : Prasant- [phone removed]

Key Responsibilities

A. Product Costing & Cost Management

• Lead product-wise costing for manufactured products across business units and manufacturing locations.
• Establish and maintain accurate product cost structures covering raw materials, packing materials, conversion costs, utilities, manpower and manufacturing overheads.
• Review actual product costs and identify key cost drivers and opportunities for cost optimization.
• Ensure costing reflects actual manufacturing conditions and relevant production data.
• Review and validate costing methodologies and costing assumptions periodically.

B. Overhead Allocation & Cost Centre Management

• Lead the calculation and allocation of manufacturing and operational overheads to products and cost centres.
• Review allocation methodologies based on appropriate cost drivers and plant utilization.
• Analyze plant-wise and product-wise overhead absorption.
• Identify abnormal cost variations, under/over absorption and areas requiring corrective action.

C. Product Profitability & Margin Analysis

• Prepare and review product-wise Gross Margin / profitability analysis on a monthly basis.
• Analyze profitability using current and previous-period raw material and manufacturing costs.
• Identify products falling under high-margin, moderate-margin, low-margin and loss-making categories.
• Provide actionable insights to management for pricing, product mix and profitability improvement.
• Support management in evaluating the financial impact of changes in raw material prices, manufacturing costs and product pricing.

D. Standard Costing, Variance & Cost Control

• Develop, review and monitor standard/estimated costs versus actual costs, wherever applicable.
• Conduct detailed variance analysis covering:
• Raw material price variance
• Material consumption variance
• Conversion cost variance
• Manufacturing overhead variance
• Production yield variance
• Other significant cost deviations
• Identify root causes of significant cost variances and coordinate with concerned functions for corrective action.
• Drive cost-control initiatives in coordination with Plant and Operations teams.

E. Raw Material & Material Consumption Analysis

• Monitor and analyze raw material purchase prices and consumption trends.
• Review material issue and consumption data from warehouses and production departments.
• Analyze changes in raw material costs and their impact on product profitability.
• Coordinate with Procurement, Stores and Production to validate material consumption and costing data.

F. BOM & Product Cost Structure

• Review and validate Bill of Materials (BOMs) and other product cost inputs used for costing.
• Ensure accuracy and completeness of material and process-related costing information.
• Coordinate with Production, Engineering, R&D and other relevant functions for changes affecting product cost.
• Monitor the financial impact of changes in BOM, process parameters, yield and consumption norms.

G. Inventory Valuation & Control

• Lead the monthly inventory valuation process across manufacturing units.
• Review valuation of raw materials, packing materials, WIP and finished goods.
• Coordinate and review physical inventory verification and reconciliation.
• Analyze inventory variances and ensure appropriate reconciliation with financial records.
• Support inventory audit and strengthen inventory control practices.

H. Expense Analysis & Plant Cost Review

• Prepare and review monthly plant-wise expense statements.
• Analyze actual expenses against previous periods and identify significant variations.
• Review manufacturing and operational expenses with Plant Finance and Operations teams.
• Highlight unusual expenditure trends and provide recommendations for cost control.

I. Financial Reconciliation & Management Reporting

• Ensure costing and profitability reports are appropriately reconciled with the company's Profit & Loss (P&L).
• Prepare monthly costing MIS and management dashboards.
• Provide management with actionable cost and profitability insights.
• Prepare ad-hoc financial and costing analyses as required by senior management.
• Ensure timely and accurate submission of costing reports for management review.

J. Plant & Cross-Functional Coordination

• Act as the key costing interface between Corporate Finance, Plant Finance, Production, Procurement, Stores, Supply Chain, QA and other relevant functions.
• Obtain and validate operational information required for costing, inventory and profitability analysis.
• Guide plant teams in maintaining accurate costing-related data.
• Conduct periodic reviews with plant teams on cost trends, variances and improvement opportunities.

K. Cost Optimization & Business Support

• Identify opportunities for cost reduction and profitability improvement across products and manufacturing locations.
• Evaluate the financial impact of operational changes and business proposals.
• Support management in business decisions involving product profitability, pricing, manufacturing location and cost optimization.
• Provide financial insights for improving cost competitiveness.

L. Team Leadership & Process Governance

• Lead and mentor the costing team and ensure effective allocation of responsibilities.
• Establish appropriate review mechanisms for costing, inventory and profitability activities.
• Ensure timely completion of monthly costing and reporting activities.
• Develop and strengthen costing processes, controls, templates and MIS.
• Ensure consistency of costing practices across manufacturing units.
• Review the quality and accuracy of costing outputs prepared by the team.