Assistant Manager - Cost Accounting | [R123

Position Title: Assistant Manager - Cost Accounting
Experience: 3+ years (CA) in Cost Accounting
Qualification: Chartered Accountant (CA)
Location: Bangalore
Reports To: Finance Controller

Position Overview:

We are looking for an experienced Assistant Manager - Cost Accounting with a strong background in costing within a manufacturing environment . The ideal candidate will have 3 years of experience post Chartered Accountant (CA), along with expertise in SAP and costing methodologies . This role will be primarily responsible for managing cost accounting functions , ensuring accurate product costing, inventory valuation, and financial reporting in a manufacturing setup.

Key Responsibilities:

1. Costing and Inventory Valuation:
- Perform detailed cost analysis for products, including direct and indirect costs, labor, and overhead.
- Ensure accurate inventory valuation and update cost records in line with standard costing procedures.
- Assist in maintaining cost accounting systems in SAP, ensuring accurate and up-to-date cost data.

- Costing Methodology and Reporting:

- Develop, implement, and maintain effective costing methodologies for the manufacturing processes.
- Prepare monthly cost reports and provide insights into cost variances.
- Assist the Finance Controller in preparing cost analysis reports for management review.

- Product Costing and Profitability Analysis:

- Perform product costing analysis to evaluate the profitability of products and make recommendations for cost optimization.
- Work closely with the operations team to determine accurate cost drivers for different manufacturing processes.

- Budgeting and Forecasting:

- Support in the budgeting and forecasting of manufacturing costs for various products and business units.
- Provide detailed cost projections to assist in business planning and decision-making.

- SAP and Costing System Management:

- Manage the SAP system to track and allocate costs accurately across different cost centers and production lines.
- Ensure that all cost data in SAP aligns with actual production and operational data, providing accurate cost insights.

- Internal Controls and Compliance and cost reduction :

- Ensure proper internal controls over cost accounting processes and procedures to comply with financial policies and regulatory requirements.
- Collaborate with internal auditors to review costing procedures and ensure compliance with corporate standards.
- Support cross-functional teams in implementing cost-saving measures and tracking their effectiveness.

- Collaboration and Support:

- Work closely with cross-functional teams (finance, operations, procurement) to analyze cost structures and identify cost-saving opportunities.
- Provide support to management by offering timely and accurate cost-related data for decision-making.

Key Skills and Qualifications:

- Educational Qualification : Chartered Accountant (CA) with 3 years of post qualification experience in cost accounting .
- Experience : In cost accounting within a manufacturing environment/industry .
- SAP Knowledge : Strong proficiency in SAP for costing , inventory management , and reporting .
- Cost Accounting Expertise : In-depth understanding of costing methodologies , product costing , and cost analysis .
- Manufacturing Costing : Practical experience in manufacturing cost structures including labor, materials , and overhead .
- Analytical Skills : Strong analytical abilities with the capacity to evaluate costs, variances, and performance.
- Reporting Skills : Ability to generate detailed cost reports and present financial data to management.
- Attention to Detail : High attention to detail with an emphasis on accuracy and consistency in cost data.