Cost Accountant

Tropical Industries International; Delhi; On-site; INR 800,000 - 1,400,000; Full time

Job summary

Tropical Industries International in Kundli (Sonipat) invites a qualified Cost Accountant to manage product costing, budgeting, and cost control in a fast-moving FMCG manufacturing setup.

You will prepare cost sheets, implement standard costing, analyse variances, and collaborate with Production, Supply Chain, and R&D to drive profitability and efficiency, with attention to data accuracy and statutory compliance.

Qualifications

• CMA with 4–5 years of cost accounting experience in a manufacturing environment.
• Proficient in cost accounting methods (standard costing, BOM, variances).
• Strong Excel and ERP experience; SAP preferred.
• Good communication to explain financial information to non-finance teams.

Responsibilities

• Prepare and maintain accurate product cost sheets for raw materials, packaging, labour, and overheads.
• Develop standard costing systems for high-volume SKUs.
• Update BOMs and routing costs with production and R&D teams.
• Monitor overhead absorption and allocation.
• Perform variance analysis and MIS reporting.

Skills

Cost accounting

ERP systems

Excel

Analytical thinking

Attention to detail

Education

CMA

Tools

SAP ERP

Job description

Job Description

Position: Cost Accountant

Department: Finance & Accounts

Location: Kundli (Sonipat)

Reporting To: Manager Finance & Accounts

Industry: FMCG/Consumer Durables Manufacturing

Job Purpose

The Cost Accountant will be responsible for planning, analysing, and controlling costs related to FMCG/Consumer Durables manufacturing operations. The role focuses on accurate product costing, inventory valuation, budgeting, variance analysis, and providing actionable insights to support pricing, profitability, and operational efficiency in a high-volume, fast-moving production environment.

Key Responsibilities

Costing & Product Cost Management

• Prepare and maintain accurate product cost sheets for products, including raw materials, packaging, labour, and overheads.
• Develop and monitor standard costing systems for high-volume SKUs.
• Review and update BOMs and routing costs in coordination with production and R&D teams.
• Ensure correct absorption and allocation of manufacturing overheads.

Cost Control & Efficiency Improvement

• Monitor manufacturing costs and identify cost-saving opportunities in materials, packaging, conversion costs, and logistics.
• Analyze wastage, scrap, yield losses, and process inefficiencies common in manufacturing operations.
• Support continuous improvement initiatives and cost optimization projects.

Budgeting & Forecasting

• Assist in preparation of annual budgets and periodic forecasts for manufacturing plants.
• Track actual costs against budgets and highlight variances.
• Support scenario analysis for volume changes, new product launches, and promotional schemes.

Variance Analysis & MIS Reporting

• Perform detailed material price, usage, labor, overhead, and production variance analysis.
• Prepare monthly MIS reports for management, including SKU-wise and plant-wise profitability.
• Provide timely explanations for variances and recommend corrective actions.

Inventory & WIP Management

• Ensure accurate valuation of Raw Materials, Packaging Materials, WIP, and Finished Goods as per accounting standards.
• Monitor inventory turnover, slow-moving and obsolete inventory.
• Coordinate and support physical stock counts and resolve discrepancies.

Pricing & Profitability Analysis

• Support sales and marketing teams with cost data for pricing, promotions, and discount schemes.
• Analyze profitability by SKU, brand, channel, and geography.
• Assist in make-or-buy and vendor comparison decisions.

Compliance & Audit Support

• Ensure compliance with cost accounting standards, internal controls, and company policies.
• Support statutory audits, internal audits, and cost audits (if applicable).
• Maintain proper documentation and audit trails.

Cross-Functional Coordination

• Work closely with Production, Supply Chain, Procurement, Quality, R&D, and Sales teams.
• Provide cost inputs for new product development (NPD) and packaging changes.

Qualifications & Skills

• CMA with 4-5 years of cost accounting experience in a manufacturing environment
• Strong understanding of cost accounting methods (standard costing, job costing, process costing)
• Proficiency in ERP systems and Microsoft Excel
• Strong analytical and problem-solving skills
• Attention to detail and high level of accuracy
• Ability to communicate financial information clearly to non-finance teams

Competencies

• Strong understanding of cost structures and manufacturing processes
• Proficiency in ERP systems (SAP preferred) and advanced MS Excel
• Analytical mindset with attention to detail
• Strong communication and stakeholder management skills
• Ability to work under tight deadlines in a fast-paced environment

Key Performance Indicators (KPIs)

• Accuracy and timeliness of cost reports
• Cost savings and efficiency improvements achieved
• Budget adherence and variance control
• Inventory valuation accuracy
• Quality of management reporting and insights

Working Conditions

• Based at Manufacturing Unit with frequent interaction with HO operations
• Extended working hours during month-end and year-end closing cycles

Salary

• As per industry norms and experience