Cost Accountant

Prakhar Software Solutions Pvt. Ltd.2007; Delhi; On-site; INR 600,000 - 900,000; Full time

Job summary

Prakhar Software Solutions Pvt. Ltd.2007 in New Delhi seeks a Cost Accountant with 2-5 years of experience to manage cost control, budgeting, and reporting. The role collaborates with production, procurement, and finance teams to optimize costs.

You will prepare monthly/quarterly/annual cost reports, analyze variances, and implement inventory controls to reduce waste and improve profitability. Attention to regulatory compliance is essential.

Qualifications

• 2-5 years of experience in cost accounting.
• Exposure to budgeting and variance analysis.
• Experience preparing financial reports.
• Strong understanding of inventory valuation.

Responsibilities

• Gather data with production, procurement and sales for cost insights.
• Provide training and support on cost management practices.
• Ensure compliance with financial regulations and standards.
• Assist audits with documentation and explanations.
• Identify cost-saving initiatives and process improvements.
• Conduct cost-benefit analyses for new projects.
• Prepare monthly, quarterly, and annual cost reports.
• Collaborate with finance to ensure accurate statements.
• Track and analyze inventory costs and optimize stock levels.
• Develop budgets and monitor variance.
• Analyze production costs and variances for improvements.
• Prepare detailed cost reports and forecasts for management.

Skills

Cost accounting

Budgeting

Cost analysis

Financial reporting

Inventory management

Compliance & auditing

Process improvement

Variance analysis

Job description

Job Title: Cost Accountant

Experience : 2-5 years

Location : New Delhi

Key Responsibilities:

• Work closely with other departments, such as production, procurement, and sales, to gather relevant data and insights.
• Provide training and support to staff on cost management practices.

Compliance And Auditing

• Ensure compliance with financial regulations and standards.
• Assist in internal and external audits by providing necessary documentation and explanations.

Process Improvement

• Identify and recommend cost-saving initiatives and process improvements.
• Conduct cost-benefit analyses for new projects and initiatives.

Financial Reporting

• Prepare monthly, quarterly, and annual financial reports related to costs and profitability.
• Collaborate with the finance team to ensure accurate financial statements.

Inventory Management

• Track and analyze inventory costs, including raw materials, work-in-progress, and finished goods.
• Implement inventory control measures to minimize waste and optimize stock levels.

Budgeting

• Develop and manage budgets, ensuring alignment with organizational goals.
• Monitor budget performance and provide variance analysis.

Cost Analysis

• Analyze production costs and variances to identify areas for improvement.
• Prepare detailed cost reports and forecasts to assist management in strategic planning.