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.

- Good 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.

- Robust 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.

Send CVs to [email protected]

📌 Cost Accountant (Faridabad)
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