Develop and maintain cost accounting systems for tracking production costs, labor, and overhead.
Prepare product costing, Contribution Margin (CM) analysis, Break Even Point (BEP) analysis, Margin of Safety (MS) analysis.
Analyze and report on production costs, identifying areas for cost reduction and efficiency improvement.
Prepare detailed cost reports, including variance analysis, to assist management in decision-making.
Assist in the preparation of budgets and financial forecasts, ensuring accurate cost estimations.
Monitor actual costs against budgeted costs, providing insights into discrepancies.
Oversee the cost accounting for inventory, ensuring accurate valuation and reporting.
Work closely with the production and procurement teams to manage inventory levels and minimize waste.
Maintain accurate records of all factory-related financial transactions.
Reconcile factory accounts, ensuring all costs are accurately captured and reported.
Collaborate with management to develop and implement cost control measures.
Ensure compliance with relevant accounting standards and regulations.
Prepare and submit regular financial reports to management and external stakeholders.
Identify opportunities for process improvements in cost accounting and factory operations.
Factory petty cash management.
Additional Requirement
Knowing SAP ERP, Excel & PowerPoint will get preference.
Candidate should have knowledge about Quality management reports, budgetary control, capital expenditure, WCM, internal control, cost reduction, capital expenditure policy and guidelines.
candidates must have strong knowledge about factory accounts.
Educational Qualification:
MBA in Accounting
Having professional degree (fully or partly CMA/ACCA qualified or partly CA qualified) will get extra preference
Experience:
Minimum 6-8 years of experience in manufacturing company/garments textile. Having experience in SAP ERP will get preference.
