Job Title - Cost Accountant

Location - Faridabad, Haryana

Working Days - Monday to Saturday

Job Responsibility

- Develop, maintain, and review standard costing for products and components.
- Prepare and analyze product-wise and component-wise cost sheets, including Bill of Materials (BOM) based costing.
- Analyze actual manufacturing costs against standard costs and identify variances.
- Analyze material price, material usage, labour, overhead, and other manufacturing cost variances.
- Investigate significant deviations between standard and actual costs and identify the reasons.
- Coordinate with Production, Purchase, Stores, Engineering, and Finance teams to ensure accurate costing information.
- Review and validate BOMs, routing, material consumption, labour requirements, and manufacturing overheads from a costing perspective.
- Monitor material consumption and manufacturing process costs to identify areas of cost leakage.
- Establish and periodically update standard costs based on changes in material prices, labour costs, production processes, and overheads.
- Prepare monthly cost and variance reports for management review.
- Support budgeting, forecasting, and cost-control initiatives.
- Conduct product profitability and contribution analysis.
- Identify opportunities for cost reduction and process improvement.
- Ensure proper accounting and allocation of manufacturing overheads.




- Assist in inventory valuation and reconciliation of manufacturing-related inventories.
- Support internal and statutory audit requirements relating to costing and inventory.
- Maintain accurate costing records and ensure timely reporting.

Job Requirement

- Minimum 3 years of relevant experience in a manufacturing organization, preferably in a manufacturing unit.
- Strong practical knowledge of Standard Costing and Actual Cost vs. Standard Cost analysis.
- Positive understanding of BOM (Bill of Materials), product costing, and BOM-based costing.
- Understanding of material price variance, material usage variance, labour variance, overhead variance, and other manufacturing variances.
- Good understanding of manufacturing processes and cost structures.
- Knowledge of inventory valuation and manufacturing accounting.
- Strong analytical and numerical skills, with the ability to work with large data sets.
- Good command of MS Excel.
- Experience with ERP/MRP systems will be preferred.
- Ability to coordinate effectively with cross-functional manufacturing teams.
- Strong attention to detail and problem-solving ability.
- CMA (Cost & Management Accountant) preferred. Candidates with a relevant degree in Commerce, Finance, Accounting, or Costing, along with strong manufacturing-costing experience, may also be considered.

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📌 Cost Accountant (Faridabad)
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