Job description
Role Summary :
The Cost Accountant/Costing Manager will be responsible for developing and maintaining cost accounting systems, analyzing manufacturing costs, and preparing detailed MIS reports to enhance operational profitability. This role requires working with cross-functional teams to track end-to-end production datafrom raw material sourcing to finished goodsconducting variance analysis, and preparing budgets/forecasts.
Key Responsibilities
Costing & Product Analysis (Textile Focus)
Order-wise Costing: Prepare pre-costing and post-costing sheets for textile orders to determine product profitability.
Standard Costing: Establish and update standard costs for raw materials (yarn, fabric, accessories) and labor rates
User experience in SAP CO Module
Variance Analysis: Compare actual production costs against standard/budgeted costs, analyzing variances in material usage, labor efficiency, and overheads.
Inventory Control: Perform monthly stock valuation of raw materials, work-in-progress (WIP), and finished goods. Conduct physical stock verification.
MIS Reporting (Management Information System)
Production Monitoring: Prepare and present daily/weekly/monthly MIS reports on key metrics (e.g., machine utilization, fabric wastage, production efficiency).
Profitability Reporting: Submit weekly/monthly job/order-wise profit margins to management.
Dashboard Creation: Use ERP systems (SAP) and Excel to create automated, user-friendly reports to highlight areas of waste or cost overrun.
Budgeting & Cost Control
Budget Deployment: Assist in creating annual budgets and cost forecasts for each department, including direct material and overhead costs.
Cost Control Initiatives: Identify opportunities for cost reduction (e.g., reducing material wastage) and provide recommendations to enhance gross margins.
Process Improvement: Review production processes to improve efficiencies and reduce unit costs.
Compliance & Audit
Cost Audit: Prepare data and supporting documentation for cost audits and statutory audits.
Compliance: Ensure accurate classification of expenses according to GAAP and company policy.
Qualification
Education: b.com with ICWA (CMA) Inter or Final preferred or M.Com or Commerce with costing experiences.
Experience: 2–5 years of experience in cost accounting within the manufacturing industry, specifically textiles/garments.
Technical Skills: Robust Proficiency in SAP (CO module) . Advanced Excel skills (VLOOKUP, Pivot tables) are crucial.