Cost Accountant

1. Cost Audit & Compliance

• Prepare and complete cost audit reports as per statutory requirements
• Coordinate with statutory/cost auditors and internal teams to provide accurate data and clarifications

2. Material Cost Analysis & Control

• Analyze material consumption, variances, and wastage across operations
• Identify and support implementation of cost-saving initiatives with procurement and production teams

3. Labour Costing & Efficiency Reporting

• Track direct and indirect labour costs, productivity, efficiency, idle time, and overtime
• Prepare weekly labour efficiency and productivity reports

4. Overheads Analysis & Monitoring

• Monitor manufacturing, administrative, and selling overheads by cost centre
• Benchmark against budgets/standards and highlight abnormal variances with recommendations

5. Cost Improvement & Action Tracking

• Collaborate with operations, SCM, and production to identify cost-reduction opportunities
• Track improvement projects and quantify savings achieved

6. Product Costing & Profitability

• Prepare accurate product costing sheets for all SKUs
• Support pricing decisions, margin analysis, and product mix optimization

7. Management Reporting & MIS

• Provide timely MIS on cost trends, variances, and cost KPIs
• Develop dashboards for management review

8. Budgetary Control & Forecasting

• Assist in annual budgets, cost forecasts, and standard costing
• Provide monthly variance analysis with actionable insights

Role Summary:

The Cost Accountant will be responsible for cost audit compliance, material and labour cost analysis, overhead monitoring, product costing, budgeting support, and cost optimization across manufacturing operations.

The role plays a key part in ensuring accurate cost reporting, MIS, and data-driven decision-making for management.