About the Role

We are looking for a detail-oriented and analytical Cost Accountant to manage product costing, manufacturing cost analysis, inventory valuation, cost variance analysis, and cost-control activities. The candidate will work closely with the Finance, Production, Purchase, Stores, and Operations teams to ensure accurate costing and improve overall cost efficiency.

Key Responsibilities

1. Product & Manufacturing Costing

- Prepare and maintain product-wise and SKU-wise costing.
- Calculate raw material, packaging material, labour, overhead, and total production costs.
- Prepare and maintain BOM (Bill of Materials) and standard costing.
- Review and update product costs based on changes in raw material, packaging, labour, and overhead costs.
- Calculate cost per unit / cost per kg for finished products.
- Support pricing decisions by providing accurate product cost and margin analysis.

2. Cost Analysis & Variance

- Analyse actual cost vs. standard/budgeted cost.
- Identify material, labour, production, and overhead variances.
- Investigate reasons for cost variations and coordinate with relevant departments for corrective action.
- Prepare periodic cost variance reports for management.

3. Inventory & Stock Costing

- Monitor and analyse raw material, packaging material, WIP, and finished goods inventory.
- Assist in inventory valuation and reconciliation.
- Analyse stock consumption against production and BOM standards.
- Identify abnormal consumption, wastage, and production losses.
- Coordinate with Stores and Production teams for stock and consumption reconciliation.

4. Production Cost Control

- Monitor manufacturing costs and identify opportunities for cost reduction.
- Analyse production yield, wastage, rejection, and process losses.




- Track production efficiency and cost per batch/SKU.
- Support management in identifying areas for improving manufacturing margins.

5. MIS & Reporting

- Prepare monthly cost sheets and management reports.
- Prepare product-wise profitability and contribution analysis.

- Provide regular reports on

- Production cost

- Material consumption

- Wastage

- Cost variance

- Inventory valuation

- Product margins
- Provide cost-related data and analysis to management for decision-making.

6. Finance & Accounts Coordination

- Coordinate with the Accounts team for accurate recording of manufacturing costs.
- Support month-end and year-end closing activities related to inventory and cost accounting.
- Assist in reconciliation of inventory, production, consumption, and accounting records.
- Support internal and statutory audits with relevant costing and inventory information.

7. Cost Reduction & Process Improvement

- Identify opportunities for cost optimization and reduction.
- Analyse raw material and packaging price movements and their impact on product cost.
- Support management in evaluating new products, formulations, packaging changes, and production processes from a costing perspective.
- Develop and improve costing processes and reports.

Required Skills

- Strong knowledge of Cost Accounting and Management Accounting.
- Good understanding of manufacturing cost structures.
- Knowledge of BOM, standard costing, actual costing, variance analysis, inventory valuation, and production costing.
- Strong MS Excel skills, including Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and data analysis.
- Good analytical and problem-solving skills.
- Ability to work with large volumes of financial and operational data.
- Positive communication and coordination skills.

📌 Costing Executive (Manesar)
🏢 Vr Industries
📍 Manesar