Key ResponsibilitiesCost Accounting & Product CostingPrepare and maintain standard costs for billets, TMT bars, and by-products (scale, slag, etc.)Compute process-wise cost (Melting Shop/SMS, Rolling Mill) including yield, conversion cost, and burning lossTrack and analyze raw material consumption (iron ore/sponge iron/scrap) vs. standard normsPrepare cost sheets for each grade/size of TMT bars producedYield & Variance AnalysisMonitor metallic yield, rolling yield, and power/fuel consumption against budgeted normsInvestigate and report variances (material, labor, overhead) with root-cause analysisTrack scrap generation, rejection, and rework costsBudgeting & MISAssist in preparation of annual budgets and monthly rolling forecastsPrepare daily/weekly/monthly MIS reports on production cost, per-ton conversion cost, and profitabilityTrack power & fuel cost per ton, consumable costs, and other overheadsInventory & ValuationConduct physical stock verification of stores / raw materials, WIP, and finished goodsEnsure correct inventory valuation as per costing standards and accounting policies (Ind AS)Reconcile stock records between production, stores, and financeCompliance & AuditMaintain cost records as per Companies (Cost Records and Audit) Rules,



if applicableSupport internal, statutory, and cost audits with required schedules and dataEnsure compliance with GST/costing-related documentationCross-Functional CoordinationLiaise with production, purchase, and quality departments to gather cost-relevant dataSupport pricing decisions by providing cost-plus analysis for different product gradesAssist management with cost-reduction initiatives and process improvement studiesKey Skills RequiredStrong knowledge of cost accounting principles, standard costing, and variance analysisFamiliarity with steel/TMT manufacturing process (SMS, Rolling Mill operations)Proficiency in ERP systems and advanced ExcelAnalytical mindset with attention to detailKnowledge of Ind AS / Cost Accounting Standards (CAS)Key Performance Indicators (KPIs)Accuracy of cost sheets and timeliness of MIS reportsReduction in cost variances (material, yield, power)Inventory accuracy %Turnaround time for audit/compliance dataLocation:

Chegunta, HyderabadExperience:

3–6 years (in steel/TMT/manufacturing industry preferred)Qualification:

B.Com / M.Com / CMA (Inter or Qualified) / CA Inter preferred

📌 Cost Accountant - Plant (Mumbai)
🏢 Radha TMT
📍 Mumbai