Job Description
The Cost Accountant plays a key role in helping the business control expenses, improve operational efficiency, and support pricing strategies. This position is responsible for analysing production costs, preparing cost standards, performing variance analysis, and supporting inventory and margin reporting.
Essential Functions:
• Analyse manufacturing and operational costs, including raw materials, labor, and overhead.
• Develop and maintain standard cost models for all food products and production processes.
• Prepare and review cost reports, budgets, and forecasts on a monthly, quarterly, and annual basis.
• Perform variance analysis (actual vs. standard cost) and report on key drivers to management.
• Monitor inventory levels, perform periodic physical inventory checks, and reconcile discrepancies.
• Collaborate with procurement and production teams to track and manage waste, spoilage, and yield loss.
• Assist in pricing decisions by providing cost-based insights and profitability analysis.
• Ensure compliance with accounting policies, internal controls, and food safety regulations.
• Support external audits and provide documentation as required.
• Contribute to cost-saving initiatives by identifying inefficiencies and recommending process improvements.
• Provide weekly and monthly reports.
• Assist in ad hoc projects.
Competencies:
• Strategic and advisory
• Management accounting, information and advice
• Problem Solving
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail
Work Environment:
The job operates in a professional office environment. This role routinely uses standard office equipment such as laptop computers, photocopiers and smartphones.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. Specific vision abilities required by this job include close vision and ability to adjust focus.
Position Type/Expected Hours of Work:
This is a full-time position. Days and hours of work are Monday through Friday, 7:30pm to 4:30 am IST. Occasional evening and weekend work may be required as job duties demand.
Travel:
Limited travel is expected for this position.
Required Education and Experience:
• A bachelor's degree in accounting & finance or equivalent qualification with at least four years of related experience and exceptional knowledge in excel and data analysis. Professional Qualification equivalent to ICWAI and is preferred.
Preferred Education and Experience:
• Bachelor's degree in accounting, Finance, or related field; CMA or CPA preferred.
• Four years of related experience and exceptional knowledge in excel and data analysis
• Strong understanding of cost accounting principles, inventory valuation, and production analysis.
• Excellent communication and people skills.
• Aptitude in problem-solving.
• Desire to work as a team with a result-driven approach.
• Working with start-up environment.
AAP/EEO Statement:
Essential Functions:
• Analyse manufacturing and operational costs, including raw materials, labor, and overhead.
• Develop and maintain standard cost models for all food products and production processes.
• Prepare and review cost reports, budgets, and forecasts on a monthly, quarterly, and annual basis.
• Perform variance analysis (actual vs. standard cost) and report on key drivers to management.
• Monitor inventory levels, perform periodic physical inventory checks, and reconcile discrepancies.
• Collaborate with procurement and production teams to track and manage waste, spoilage, and yield loss.
• Assist in pricing decisions by providing cost-based insights and profitability analysis.
• Ensure compliance with accounting policies, internal controls, and food safety regulations.
• Support external audits and provide documentation as required.
• Contribute to cost-saving initiatives by identifying inefficiencies and recommending process improvements.
• Provide weekly and monthly reports.
• Assist in ad hoc projects.
Competencies:
• Strategic and advisory
• Management accounting, information and advice
• Problem Solving
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail
Work Environment:
The job operates in a professional office environment. This role routinely uses standard office equipment such as laptop computers, photocopiers and smartphones.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk or hear. Specific vision abilities required by this job include close vision and ability to adjust focus.
Position Type/Expected Hours of Work:
This is a full-time position. Days and hours of work are Monday through Friday, 7:30pm to 4:30 am IST. Occasional evening and weekend work may be required as job duties demand.
Travel:
Limited travel is expected for this position.
Required Education and Experience:
• A bachelor's degree in accounting & finance or equivalent qualification with at least four years of related experience and exceptional knowledge in excel and data analysis. Professional Qualification equivalent to ICWAI and is preferred.
Preferred Education and Experience:
• Bachelor's degree in accounting, Finance, or related field; CMA or CPA preferred.
• Four years of related experience and exceptional knowledge in excel and data analysis
• Strong understanding of cost accounting principles, inventory valuation, and production analysis.
• Excellent communication and people skills.
• Aptitude in problem-solving.
• Desire to work as a team with a result-driven approach.
• Working with start-up environment.
AAP/EEO Statement:
💡 Quick Summary
Seeking a career-building opportunity? The Cost Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.