Job Description Job Purpose
n 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.
n Key Responsibilities
n 1. Product Costing & Cost Analysis
n n Prepare and maintain product-wise costing for all tyre categories and SKUs.
n Develop standard costing models for raw materials, chemicals, fabrics, steel cords, carbon black, rubber compounds, and other production inputs.
n Calculate and monitor standard cost, actual cost, and cost variances.
n Analyze cost per tyre, cost per kg, and process-wise manufacturing cost.
n Conduct cost-benefit analysis for recent products and product modifications.
n n 2. Manufacturing Cost Control
n n Monitor consumption of raw materials, packing materials, fuel, power, and consumables.
n Analyze material yield, wastage, scrap generation, and process losses.
n Identify cost-saving opportunities and support continuous improvement initiatives.
n Review machine utilization and capacity-related cost implications.
n Support plant management in reducing conversion costs.
n n 3. Inventory & Stock Verification
n n Ensure accurate valuation of Raw Material, WIP, Finished Goods, Stores, Spares inventory.
n Reconcile inventory records with finance books and ERP (SAP) records.




n Participate in monthly stock verification and annual physical inventory counts.
n Analyze slow-moving, non-moving, and obsolete inventory.
n n 4. Budgeting & Forecasting
n n Assist in preparation of annual budgets and rolling forecasts.
n Monitor actual performance against budgets.
n Analyze budget variances and provide recommendations to management.
n Prepare cost center-wise expense reports.
n n 5. Variance Analysis
n n Perform detailed analysis of:
n Material Price Variance (MPV)
n Material Usage Variance (MUV)
n Labour Cost Variance
n Power & Fuel Variance
n Overhead Variance
n Production Yield Variance
n Present key findings and corrective actions to management.
n n 6. MIS & Management Reporting
n n Prepare daily, weekly, and monthly costing MIS.
n Generate product profitability and customer profitability reports.
n Prepare plant performance reports covering:
n Production Cost
n Conversion Cost
n Material Consumption
n Yield Analysis
n Cost Variance Reports
n Provide analytical support to management for strategic decisions.
n n Educational Qualification
n n CMA (Cost & Management Accountant)
n n Experience
n n 5-6 years of experience in Manufacturing Costing.
n Experience in Tyre, Rubber, Auto Components, Chemical, FMCG, or Process Manufacturing Industry preferred.
n Hands-on experience in ERP (SAP) systems and advanced Excel.
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📌 Cost Accountant (Haridwar)
🏢 JK Tyre & Industries
📍 Haridwar