Cost Accountant

Freewill Sports; Jalandhar; On-site; INR 600,000 - 900,000; Full time

Job summary

Freewill Sports in India is seeking a Cost Accountant to manage product costing, budgeting, and cost control for manufacturing of sports goods, footwear, and accessories.

You will analyze material, labour, overhead costs; prepare cost sheets; support pricing decisions and audits; coordinate with Purchase, Production, Warehouse and Finance teams.

The role emphasizes accuracy, data-driven MIS reporting, and compliance with accounting standards. CMA/ICWA qualification preferred or equivalent.

Qualifications

• Qualification: CMA / ICWA (Qualified or Semi-Qualified) preferred. B.Com/M.Com with relevant experience may also be considered.
• Experience: 5-10 years of relevant experience in Cost Accounting, preferably in a manufacturing organisation.
• Experience in product costing and manufacturing cost analysis is essential.

Responsibilities

• Prepare accurate product costing and cost sheets for sports goods, footwear, accessories and other product categories.
• Analyse raw material, labour, overhead and other manufacturing costs.
• Calculate and monitor standard cost, actual cost and variance.
• Review costing of new product developments and provide cost estimates to the management.
• Analyse cost variances and identify reasons for deviations from standard costs.
• Monitor material consumption, wastage, scrap and production losses.
• Identify opportunities for cost reduction and improved operational efficiency.
• Prepare periodic cost analysis and MIS reports for management.
• Monitor inventory valuation and ensure accurate costing of raw materials, work-in-progress and finished goods.
• Coordinate with Purchase, Production, Warehouse and Finance teams for cost-related information.
• Analyse material price variances and consumption variances.
• Assist in preparation of manufacturing budgets and cost forecasts.
• Monitor actual costs against budgets and highlight significant deviations.
• Support management in pricing decisions, profitability analysis and margin improvement.
• Prepare monthly cost reports, product profitability reports and management dashboards.
• Maintain accurate costing records and supporting documentation.
• Assist in internal and statutory audits related to cost and inventory.
• Ensure compliance with applicable accounting standards, company policies and statutory requirements.

Skills

Cost accounting

Excel advanced

ERP systems

Analytical skills

Inventory management

Data analysis

Cross-functional coordination

Education

CMA/ICWA

B.Com/M.Com

Tools

ERP software

Accounting software

Job description

Key Responsibilities:

1. Product & Manufacturing Costing

• Prepare accurate product costing and cost sheets for sports goods, footwear, accessories and other product categories.
• Analyse raw material, labour, overhead and other manufacturing costs.
• Calculate and monitor standard cost, actual cost and variance.
• Review costing of new product developments and provide cost estimates to the management.

2. Cost Control & Analysis

• Analyse cost variances and identify reasons for deviations from standard costs.
• Monitor material consumption, wastage, scrap and production losses.
• Identify opportunities for cost reduction and improved operational efficiency.
• Prepare periodic cost analysis and MIS reports for management.

3. Inventory & Material Costing

• Monitor inventory valuation and ensure accurate costing of raw materials, work-in-progress and finished goods.
• Coordinate with Purchase, Production, Warehouse and Finance teams for cost-related information.
• Analyse material price variances and consumption variances.

4. Budgeting & Financial Support

• Assist in preparation of manufacturing budgets and cost forecasts.
• Monitor actual costs against budgets and highlight significant deviations.
• Support management in pricing decisions, profitability analysis and margin improvement.

5. Reporting & Compliance

• Prepare monthly cost reports, product profitability reports and management dashboards.
• Maintain accurate costing records and supporting documentation.
• Assist in internal and statutory audits related to cost and inventory.
• Ensure compliance with applicable accounting standards, company policies and statutory requirements.

Qualifications & Experience

• Qualification: CMA / ICWA (Qualified or Semi-Qualified) preferred. B.Com/M.Com with relevant experience may also be considered.
• Experience: 510 years of relevant experience in Cost Accounting, preferably in a manufacturing organisation.
• Experience in product costing and manufacturing cost analysis is essential.

Required Skills & Competencies

• Strong knowledge of Cost Accounting principles and manufacturing costing.
• Proficiency in MS Excel, including advanced formulas, Pivot Tables and data analysis.
• Knowledge of ERP systems and accounting software.
• Strong analytical and problem-solving skills.
• Good understanding of inventory management and manufacturing processes.
• Attention to detail and ability to work with large volumes of data.
• Good communication and cross-functional coordination skills.

Key Performance Indicators (KPIs)

• Accuracy and timeliness of product cost sheets.
• Cost variance analysis and reporting.
• Reduction in manufacturing and material costs.
• Accuracy of inventory valuation.
• Identification and implementation of cost-saving opportunities.
• Timely submission of MIS and management reports.

Reporting To:

Chief Finance Offiocer (CFO)