Cost Accountant

MKU; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Job summary

MKU is seeking a cost accountant to develop and maintain cost policies, study data, prepare project costing during bidding, and manage pre-production and actual costing across all projects.

The role includes monthly variance analysis, manufacturing expense reporting, inventory reserves reconciliation, stock ageing and allocation reports, gross margin analysis by customer and production job, and plant-level rework/rejection reporting.

Qualifications

• Strong knowledge on cost accounting principles and practices.
• Strong analytical skills with expertise in Excel and Data Visualization tools.
• Experience in product margin analysis and understanding of key cost drivers and profitability metrics.

Responsibilities

• Develop and maintain cost accounting policies and controls that ensures accurate cost allocation, tracking and reporting
• Study and collect data to determine costs of business activities such as raw material purchases, inventory, labor, and overheads
• Prepare costing for projects during bidding
• Prepare pre-production costing and actual costing for all projects
• Review and analyze standard and actual costs for variances monthly
• Prepare monthly manufacturing expense report for all MKU facilities
• Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring with support from internal stakeholders
• Prepare and analyze stock ageing report, stock allocation report
• Prepare, analyze and report monthly gross margin analysis by customer, part number and production jobs
• Prepare monthly plant wise reports on reworks and rejections
• Analyze changes in product design, raw materials, manufacturing methods, or services to determine effects on costs
• Assist in month-end and year-end closing by analyzing inventory and preparing supplemental reports as needed
• Support the budgeting and forecasting process by providing cost-related inputs and analyzing cost trends and impacts

Skills

Cost accounting

Excel

Margin analysis

Tools

Data Visualization tools

Job description

Role & responsibilities:-

• Develop and maintain cost accounting policies and controls that ensures accurate cost allocation, tracking and reporting
• Study and collect data to determine costs of business activities such as raw material purchases, inventory, labor, and overheads
• Prepare costing for projects during bidding
• Prepare pre-production costing and actual costing for all projects
• Review and analyze standard and actual costs for variances monthly
• Prepare monthly manufacturing expense report for all MKU facilities
• Prepare periodic inventory reserves reconciliation, analyzing inventory for risk, and monitoring with support from internal stakeholders
• Prepare and analyze stock ageing report, stock allocation report
• Prepare, analyze and report monthly gross margin analysis by customer, part number and production jobs
• Prepare monthly plant wise reports on reworks and rejections
• Analyze changes in product design, raw materials, manufacturing methods, or services to determine effects on costs
• Assist in month-end and year-end closing by analyzing inventory and preparing supplemental reports as needed

Support the budgeting and forecasting process by providing cost-related inputs and analyzing cost trends and impacts

Preferred candidate profile

• Strong knowledge on cost accounting principles and practices
• Strong analytical skills with expertise in Excel and Data Visualization tools
• Experience in product margin analysis and understanding of key cost drivers and profitability metrics