Cost Accountant

Department Icon Accounting & Finance
Posted: 1 year ago
2-6 years
Hyderabad, Telangana
Accounting & Finance
Work from Office
Full Time

Posted: 1 year ago
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Job Description

    As a Cost Accountant at LEDFlex Group, you will play a crucial role in analyzing, tracking, and controlling the organization's costs to ensure efficiency, accuracy, and profitability. You will collaborate closely with finance, operations, and management teams to provide valuable insights that support budgeting, pricing, and strategic decision-making.

    **Key Responsibilities:**

    • **ERP Price Management & Monitoring:**
    • Ensure accuracy and alignment of product prices in Microsoft Dynamics ERP with the company pricing strategy.
    • Monitor and track price changes and new entries in Microsoft Dynamics.
    • Verify new price updates or entries to ensure compliance with internal procedures and business rules.
    • **Profitability Analysis Of Invoices & Inventory:**
    • Analyze invoice profitability by comparing cost prices, selling prices, and margins using the ERP system.
    • Validate and monitor the cost price of inventory in Microsoft Dynamics to ensure precise stock valuation.
    • Assess cost versus revenue to maintain margins in line with business targets and profitability goals.
    • **Price Structure Optimization:**
    • Ensure costing accuracy for all products, considering both direct and indirect costs within the ERP.
    • Monitor and control discounting policies in Microsoft Dynamics to safeguard profit margins.
    • **Continuous Monitoring Of Pricing Trends:**
    • Track competitor pricing and market trends to keep company prices competitive.
    • Monitor supplier price changes and their impact on overall product costs and profitability.
    • Conduct regular audits of pricing updates in Microsoft Dynamics for data integrity and compliance.
    • **Reporting & Analysis:**
    • Prepare profitability reports, margin reports, and price variance analysis using data from Microsoft Dynamics.
    • Regularly assess product margins, sales profitability, and recommend adjustments as needed.
    • Maintain clear documentation of price changes in the ERP system for transparency and auditing purposes.
    • **Cross-Departmental Collaboration:**
    • Collaborate closely with Finance, Sales, Data, and Operations teams to ensure consistent pricing data across departments.
    • Coordinate with the Finance team for accurate accounting and tracking of pricing-related entries in Microsoft Dynamics.
    • **Compliance And Best Practices:**
    • Ensure all pricing decisions and processes adhere to internal policies and relevant regulations.
    • Maintain organized records of pricing approvals and changes within Microsoft Dynamics for audit readiness.

    **Qualifications & Experience:**

    • Bachelor's degree in commerce (B. Com), Finance, or related field. A master's degree (M. Com, MBA) or CMA is a plus.
    • Minimum of 2-5 years of experience in cost accounting, pricing management, or related fields.
    • Proficiency in using Microsoft Dynamics ERP for pricing management, inventory tracking, and profitability analysis.

    At LEDFlex, you will receive a competitive salary based on experience, negotiable working hours, annual leave as per labor laws, and the opportunity to work in a dynamic and supportive team environment with room for personal and professional growth.

    If you are interested in this position, please send your resume to hidden_email with the subject line "Cost Accountant (Mid-Level).",

Skills

AccountingBudgetingSalesCost AccountantCost AccountingCostingErpAccountantFinanceProfitability AnalysisMicrosoft ExcelPricing StrategiesERP Data AnalysisCost AccountingCommunication Skills

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