Cost Accountant Plant Costing, Cost Records, Inventory Control and Yield Management.

Position Snapshot

Position Manager Costing (Cost Accountant) Plant Costing, Cost Records, Inventory Control and Yield Management Company Ajanta Soya Limited (BSE: PHONE_NUMBER) Reports To Administrative Plant CEO / Unit Head, Bhiwadi. Functional Finance Controller / CFO, Corporate Office. Location Manufacturing Unit RIICO Industrial Area, Bhiwadi, Rajasthan Qualification Cost and Management Accountant (CMA ICMAI) preferred; CA (Inter) or CMA (Inter) with relevant costing experience also considered Experience 4 to 6 years in cost accounting / plant costing; edible oil, vanaspati, or process manufacturing preferred Industry Preference Edible Oils / Vanaspati / FMCG / Food Processing / Process Manufacturing Compensation As per industry standards

Position Overview

The Manager Costing (Cost Accountant) will be based at the Company s manufacturing unit at Bhiwadi, Rajasthan, and will be responsible for setting up and running a robust cost accounting system at the factory. The role covers maintenance of complete and accurate cost records for every element of cost raw materials, employee cost, power and fuel, freight, manufacturing overheads, repairs and maintenance, and other conversion costs together with inventory records, stock reconciliation, consumption monitoring, and yield and recovery analysis across the refining, processing, and packing operations.

The incumbent will report administratively to the Plant CEO / Unit Head at Bhiwadi and functionally to the Finance Controller / CFO at the Corporate Office, and will work closely with plant operations, stores, procurement, and the corporate finance team. Given the commodity-intensive nature of the edible oil business, the role carries a solid mandate for cost control, efficiency improvement, yield improvement, and margin protection, along with maintenance of statutory cost records and support to the cost audit applicable to the edible oil industry.

Key Responsibilities

- Cost Accounting System at the Factory: Set up, implement, and maintain a structured cost accounting system at the Bhiwadi unit, ensuring complete, accurate, and up-to-date cost records for every element of cost, with full traceability from source data (Tally / ERP) to costing output,



in line with the Cost Accounting Standards issued by the Institute of Cost Accountants of India.
- Cost Records Raw Material and Consumption: Maintain detailed cost and consumption records for all raw materials, including crude and semi-processed oils (soybean, sunflower, palm, mustard, rice bran, groundnut, cotton seed), oilseeds, solvent (hexane), processing chemicals (bleaching earth, phosphoric acid, caustic soda, citric acid), hydrogenation inputs (nickel catalyst, hydrogen), and packing materials. Reconcile actual consumption against standard and norm-based consumption and analyse variances.
- Yield, Recovery, and Process Loss Analysis: Compute and monitor refining yield, processing and refining losses, and by-product and co-product recovery (acid oil, soap stock, fatty acid distillate, spent bleaching earth, lecithin, and, where applicable, de-oiled cake) across degumming, neutralisation, bleaching, deodorisation, hydrogenation, fractionation, and packing. Identify yield gaps against norms and drive yield improvement.
- Power, Fuel, and Utilities Costing: Capture and analyse the cost of power, steam, boiler fuel (husk, coal, gas, or furnace oil), thermic fluid, water, and other utilities. Monitor specific consumption per MT of throughput and benchmark against standards to highlight efficiency opportunities.
- Employee Cost: Account for and analyse factory employee and labour cost, both direct and indirect, including wages, contract labour, overtime, and related on-costs, and allocate and apportion these to cost centres and products on a rational and consistent basis.
- Freight and Logistics Cost: Maintain records of inward freight on raw materials and outward freight on finished goods, analyse freight cost per MT and per destination, and support optimisation of logistics and distribution cost.
- Manufacturing Overheads and Repairs and Maintenance: Capture, classify, and allocate manufacturing overheads,



including repairs and maintenance, stores and spares, consumables, depreciation, insurance, and other plant overheads, to the appropriate cost centres and cost objects.
- Inventory Records and Stock Reconciliation: Maintain complete and accurate stock records for raw materials, work-in-progress, finished goods, packing materials, by-products, and stores and spares. Carry out periodic and perpetual physical verification, reconcile book stock with physical stock and with the Tally / ERP records, and ensure correct valuation of inventory.
- Product and Process Costing: Develop and maintain product-wise, grade-wise, and process-wise costing, including standard costing and actual costing, to determine cost of production, cost of sales, and contribution by product, brand, and customer segment.
- Cost Reduction, Efficiency, and Yield Improvement: Identify and drive cost reduction, process efficiency, and yield improvement initiatives across raw material usage, energy, packing, and conversion cost; quantify savings and track implementation in coordination with plant operations.
- Statutory Cost Records and Cost Audit: Maintain cost records as prescribed under the Companies (Cost Records and Audit) Rules, 2014, applicable to the edible oil industry, prepare cost statements and the reconciliation of cost and financial accounts, and coordinate with the Cost Auditor for timely completion of the cost audit (CRA-1, CRA-2, CRA-3, and CRA-4).
- MIS and Coordination with Corporate Finance: Prepare periodic costing MIS, consumption and yield reports, variance analysis, and margin analysis for plant and corporate management, and assist and coordinate with the Finance Controller / CFO at the Corporate Office on month-end closing, provisioning, inventory valuation, and management reporting.
- Internal Controls at the Plant: Support and strengthen internal controls at the factory over material receipt, issue, consumption, production booking, by-product accounting, and stock movement

Disclaimer : This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Manager - Costing (Bhiwadi)
🏢 AJANTA SOYA
📍 Bhiwadi