Job Description

Job Purpose

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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.

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Key Responsibilities

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1. Product Costing & Cost Analysis

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- Prepare and maintain product-wise costing for all tyre categories and SKUs.
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- Develop standard costing models for raw materials, chemicals, fabrics, steel cords, carbon black, rubber compounds, and other production inputs.
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- Calculate and monitor standard cost, actual cost, and cost variances.
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- Analyze cost per tyre, cost per kg, and process-wise manufacturing cost.
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- Conduct cost-benefit analysis for current products and product modifications.
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2. Manufacturing Cost Control

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- Monitor consumption of raw materials, packing materials, fuel, power, and consumables.
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- Analyze material yield, wastage, scrap generation, and process losses.
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- Identify cost-saving opportunities and support continuous improvement initiatives.
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- Review machine utilization and capacity-related cost implications.
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- Support plant management in reducing conversion costs.
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3. Inventory & Stock Verification

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- Ensure accurate valuation of Raw Material, WIP, Finished Goods, Stores, Spares inventory.
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- Reconcile inventory records with finance books and ERP (SAP) records.
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- Participate in monthly stock verification and annual physical inventory counts.
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- Analyze slow-moving, non-moving, and obsolete inventory.
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4. Budgeting & Forecasting

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- Assist in preparation of annual budgets and rolling forecasts.
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- Monitor actual performance against budgets.
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- Analyze budget variances and provide recommendations to management.
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- Prepare cost center-wise expense reports.
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5. Variance Analysis

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- Perform detailed analysis of:
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- Material Price Variance (MPV)
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- Material Usage Variance (MUV)
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- Labour Cost Variance
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- Power & Fuel Variance
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- Overhead Variance
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- Production Yield Variance
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- Present key findings and corrective actions to management.
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6. MIS & Management Reporting

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

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- CMA (Cost & Management Accountant)
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Experience

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- 5-6 years of experience in Manufacturing Costing.
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- Experience in Tyre, Rubber, Auto Components, Chemical, FMCG, or Process Manufacturing Industry preferred.
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- Hands-on experience in ERP (SAP) systems and advanced Excel.
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📌 Cost Accountant (Laksar)
🏢 JK Tyre & Industries
📍 Laksar