Cost Accountant Manager

Jun 17, 2024
Jul 01, 2024
Manager, Staff
Work Mode
Work from office
Full Time
Organization Type
Immediate Looking for the Cost Accountant Manager for the Industry- FMCG/Food & Beverages at the location of Delhi

EXPERIENCE 08 to 15 years in the same industry or FMCG

SALARY: 55k to 60k (10 to 20% hike on the same salary) or negotiable

AGE CRITERIA: From 40 Yrs to 50 Yrs

Job Overview

As a Cost Accountancy Manager, your primary responsibility is to manage and oversee the cost accounting function within an organization. You will be responsible for analyzing costs, developing cost-control strategies, and providing financial insights to support decision-making. Your role is crucial in optimizing costs, improving profitability, and ensuring accurate financial reporting.

Duties And Responsibilities

  • Develop and implement cost accounting policies, procedures, and systems to accurately track and analyze costs.
  • Oversee the preparation and analysis of cost reports, including cost of goods sold (COGS), standard costs, variances, and profitability analysis.
  • Conduct cost audits and reviews to identify areas of cost improvement and cost control opportunities.
  • Collaborate with cross-functional teams, such as production, procurement, sales, marketing, custom, and finance, to gather cost-related data and ensure accurate cost allocation.
  • Analyze production processes, material usage, labor costs, and overhead expenses to identify cost-saving initiatives and recommend process improvements.
  • Monitor inventory levels, valuation, and inventory cost accuracy, ensuring compliance with accounting standards and regulations.
  • Develop and maintain cost models and cost forecasting techniques to support budgeting and financial planning processes.
  • Provide financial insights and recommendations to management for strategic decision-making, such as pricing, product profitability, and cost reduction initiatives.
  • Support the month-end and year-end closing processes, including the review and analysis of cost-related journal entries, accruals, and reconciliations.
  • Collaborate with the accounting team to ensure accurate and timely cost-related financial reporting, including cost of sales, inventory valuation, and cost-related disclosures.
  • Stay updated on industry trends, regulations, and best practices in cost accounting and cost management.
  • Train and mentor staff members within the cost accounting department, providing guidance and support in cost-related matters.

Qualifications/Knowledge, Necessary Skill, Experience, And Abilities Requirement

  • Bachelor's degree in Accounting, Finance, or a related field. Professional certifications such as CMA (Certified Management Accountant) are highly desirable.
  • Proven experience in cost accounting, cost management, or related roles.
  • Strong knowledge of cost accounting principles, practices, and standards.
  • Proficiency in using cost accounting software and advanced Excel skills for data analysis and modeling.
  • Solid understanding of financial statements, cost allocation methods, and cost control techniques.
  • Strong analytical and problem-solving skills, with the ability to identify cost drivers, variances, and improvement opportunities.
  • Excellent attention to detail and accuracy in financial analysis and reporting.
  • Strong organizational and time management skills, with the ability to prioritize and meet deadlines.
  • Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and present financial insights to management.
  • Ability to work independently and lead a team of cost accountants.

Interested candidates can make a direct telephonic discussion at +91 9560644974 or can share their direct updated CV to [HIDDEN TEXT]
Skills: Cost Control, Financial Analysis, Cost Accounting, Cost Management

Experience: 8.00-15.00 Years