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 current 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 Variance
- Present key findings and corrective actions to management.

6. MIS & Management Reporting

- Prepare daily, weekly, and monthly costing MIS.
- Generate product profitability and customer profitability reports.
- Prepare plant performance reports covering:
- Production Cost
- Conversion Cost
- Material Consumption
- Yield Analysis
- Cost Variance Reports
- Provide analytical support to management for strategic decisions.

Educational Qualification

- CMA (Cost & Management Accountant)

Experience

- 5-6 years of experience in Manufacturing Costing.
- Experience in Tyre, Rubber, Auto Components, Chemical, FMCG, or Process Manufacturing Industry preferred.
- Hands-on experience in ERP (SAP) systems and advanced Excel.

📌 Cost Accountant (Laksar)
🏢 JK Tyres
📍 Laksar