Cost Accounts, ICWAI

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Career Bridge

Location :

Ludhiana, Punjab, India

Discipline :

Industry

Posted Date :

21 September 2022

Job Type :

Full Time

Salary :

Best in Industry

Job Description

The Cost Accountant will be responsible for:

  • Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
  • Analyzing data collected and recording results
  • Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
  • Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
  • Recording cost information for use in controlling expenditures
  • Maintenance of cost records as per Accounting Standards relating to cost
  • Analyzing audits of costs and preparing reports
  • Making estimates of new and proposed product costs
  • Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
  • Maintaining Cost Accounting System
  • Assisting in Month end close of the General Ledger
  • Conducts physical inventories and monitors cycle count program
  • Reconciles finished goods inventories
  • The Cost Accountant will have the following qualifications:
  • Minimum of 3 solid years of Cost Accounting in a Manufacturing Environment
  • Bachelors Degree in Accounting, Preferably A Cost Accountant Degree
  • From The Institute of Cost & Works Accountant
  • Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principles.
  • Computer Literate – Strong Excel skills and the ability to use Outlook and Word
  • Experience with MAPICS a plus
  • Experience working with engineering and manufacturing personnel on development and analysis of cost standards
  • Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports.

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