Job Purpose
To ensure accurate product costing, inventory valuation, cost analysis, and cost control across manufacturing operations. The role supports management decision-making through detailed cost reports, variance analysis, budgeting, and profitability assessment while ensuring compliance with accounting standards and internal controls.

Key Responsibilities
1. Product Costing & Cost Analysis
Prepare and maintain product-wise costing for all tyre categories and SKUs.
Develop standard costing models for raw materials, chemicals, fabrics, steel cords, carbon black, rubber compounds, and other production inputs.
Calculate and monitor standard cost, actual cost, and cost variances.
Analyze cost per tyre, cost per kg, and process-wise manufacturing cost.
Conduct cost-benefit analysis for recent products and product modifications.
2. Manufacturing Cost Control
Monitor consumption of raw materials, packing materials, fuel, power, and consumables.
Analyze material yield, wastage, scrap generation, and process losses.




Identify cost-saving opportunities and support continuous improvement initiatives.
Review machine utilization and capacity-related cost implications.
Support plant management in reducing conversion costs.
3. Inventory & Stock Verification
Ensure accurate valuation of Raw Material, WIP, Finished Goods, Stores, Spares inventory.
Reconcile inventory records with finance books and ERP (SAP) records.
Participate in monthly stock verification and annual physical inventory counts.
Analyze slow-moving, non-moving, and obsolete inventory.
4. Budgeting & Forecasting
Assist in preparation of annual budgets and rolling forecasts.
Monitor actual performance against budgets.
Analyze budget variances and provide recommendations to management.
Prepare cost center-wise expense reports.
5. Variance Analysis
Perform detailed analysis of:
Material Price Variance (MPV)
Material Usage Variance (MUV)
Labour Cost Variance
Power & Fuel Variance
Overhead Variance
Production Yield Vari

📌 Cost Accountant (Laksar)
🏢 JK Tyre & Industries
📍 Laksar