Cost Accountant (Visakhapatnam)

Cost Accountant (Visakhapatnam)

Job Summary

The Cost Accountant will be a strategic finance partner to the plant leadership, responsible for end-to-end cost management, advanced cost modelling, and driving margin improvement initiatives. This role demands strong expertise in cost control, financial planning, and performance analysis within a manufacturing environment. The ideal candidate will bring in-depth industry experience and will play a critical role in improving cost efficiency and overall financial health of the plant.

Key Responsibilities

Lead the plant’s cost accounting function, including design and implementation of robust cost control systems.
Develop and manage detailed product costing, activity-based costing models, and process-wise profitability analysis.
Provide deep insights on cost trends, production efficiency, and inventory usage to support strategic decision-making.
Analyze standard vs actual costs and proactively address variances through root cause investigation and corrective actions.
Conduct plant-wide cost audits and coordinate with production, procurement, and supply chain teams for financial alignment.
Drive initiatives in waste reduction, process improvement, and cost optimization at both micro and macro levels.




Oversee inventory valuation, stock audits, and reconciliation of raw materials, WIP, and finished goods.
Collaborate with the Finance Head and Plant Director for capital expenditure planning and cost-benefit analysis.
Ensure compliance with Cost Accounting Standards, internal controls, and regulatory reporting requirements.
Prepare high-level MIS reports, dashboards, and executive summaries for senior management and board-level reviews.

Qualifications

CMA (Cost & Management Accountant) qualified; additional MBA in Finance or CA Inter is an advantage.
8-10 years of progressive experience in cost accounting, with at least 3 years in a senior role in a manufacturing plant.
Proven track record in implementing cost optimization strategies and improving profitability.
Robust command of ERP systems (e.g., SAP, Oracle) and advanced Excel/Power BI for analytics.
In-depth understanding of cost structures, production processes, and inventory management in industrial environments.
Excellent communication, leadership, and cross-functional collaboration skills.

📌 Cost Accountant (Visakhapatnam)
🏢 Idhan Private
📍 Visakhapatnam