Cost Accountant - Plant

Radha TMT; Hyderabad; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Radha TMT in Hyderabad is seeking an experienced Cost Accountant to lead costings for billets, TMT bars, and by‑products, and to maintain standard costs across plants.

You will own budgeting, MIS reporting, inventory valuation under Ind AS, GST compliance, and cross‑functional data with production, purchase, and quality teams to drive cost reductions.

This position requires 3–6 years in steel manufacturing and strong Excel/ERP skills.

Qualifications

• Must have knowledge of cost accounting and variance analysis.
• Experience in steel/TMT manufacturing is a plus.
• Proficiency in ERP systems and advanced Excel.

Responsibilities

• Prepare and maintain standard costs for billets, TMT bars and by‑products.
• Compute process-wise cost and track material consumption vs norms.
• Prepare cost sheets for each grade/size of TMT bars produced.
• Monitor yield, energy usage, and report variances with root-cause analysis.
• Assist budgeting, MIS reports, and track cost per ton and overheads.
• Conduct physical stock verification and ensure Ind AS valued inventory.
• Support GST/compliance documentation and audits.
• Coordinate with production, purchasing and quality for cost data.

Skills

Cost accounting

Standard costing

Variance analysis

ERP systems

Advanced Excel

Steel/TMT process

Analytical mindset

Education

B.Com

M.Com

CMA (Inter or Qualified)

CA Inter

Tools

ERP systems

Excel

Job description

Key Responsibilities

Cost Accounting & Product Costing

• Prepare and maintain standard costs for billets, TMT bars, and by-products (scale, slag, etc.)
• Compute process-wise cost (Melting Shop/SMS, Rolling Mill) including yield, conversion cost, and burning loss
• Track and analyze raw material consumption (iron ore/sponge iron/scrap) vs. standard norms
• Prepare cost sheets for each grade/size of TMT bars produced

Yield & Variance Analysis

• Monitor metallic yield, rolling yield, and power/fuel consumption against budgeted norms
• Investigate and report variances (material, labor, overhead) with root-cause analysis
• Track scrap generation, rejection, and rework costs

Budgeting & MIS

• Assist in preparation of annual budgets and monthly rolling forecasts
• Prepare daily/weekly/monthly MIS reports on production cost, per-ton conversion cost, and profitability
• Track power & fuel cost per ton, consumable costs, and other overheads

Inventory & Valuation

• Conduct physical stock verification of stores / raw materials, WIP, and finished goods
• Ensure correct inventory valuation as per costing standards and accounting policies (Ind AS)
• Reconcile stock records between production, stores, and finance

Compliance & Audit

• Maintain cost records as per Companies (Cost Records and Audit) Rules, if applicable
• Support internal, statutory, and cost audits with required schedules and data
• Ensure compliance with GST/costing-related documentation

Cross-Functional Coordination

• Liaise with production, purchase, and quality departments to gather cost-relevant data
• Support pricing decisions by providing cost-plus analysis for different product grades
• Assist management with cost-reduction initiatives and process improvement studies

Key Skills Required

• Strong knowledge of cost accounting principles, standard costing, and variance analysis
• Familiarity with steel/TMT manufacturing process (SMS, Rolling Mill operations)
• Proficiency in ERP systems and advanced Excel
• Analytical mindset with attention to detail
• Knowledge of Ind AS / Cost Accounting Standards (CAS)

Key Performance Indicators (KPIs)

• Accuracy of cost sheets and timeliness of MIS reports
• Reduction in cost variances (material, yield, power)
• Inventory accuracy %
• Turnaround time for audit/compliance data

Location: Chegunta, Hyderabad

Experience: 3–6 years (in steel/TMT/manufacturing industry preferred)

Qualification: B.Com / M.Com / CMA (Inter or Qualified) / CA Inter preferred