Cost Accountant

Skills:

Cost Analysis, Budgeting, Variance Analysis, Financial Reporting, Inventory Management, Cost Control, Forecasting, ERP Systems,

Company Overview

Manorama Industries Limited is a global supplier of Cocoa Butter Equivalent (CBE) and a pioneer in fats and oils derived from Tree Borne Seeds such as Sal, Mango, and Kokum Butter. We lead in the global Shea Butter market and empower tribal women through self-help groups, fostering independence and sustainability. Established in 2005, we are known for our vast geographic sourcing network and advanced quality processes. Headquartered in Raipur, CG, we employ 501-1000 people. For more information, visit our website at Manorama Industries Limited.

Job Overview

We are seeking a Senior Cost Accountant to join our team at Manorama Industries Limiteds headquarters in Raipur. This full-time position requires a minimum of 7 to 10 years of relevant work experience. The role involves comprehensive cost analysis, financial reporting, and cost control to support our ongoing operations in the Food and Beverage Manufacturing industry.

Qualifications And Skills

• Proven expertise in cost analysis (Mandatory skill).
• Exceptional financial reporting capabilities (Mandatory skill).
• Advanced cost control techniques (Mandatory skill).
• Experience with budgeting processes, including preparation and monitoring of budgets to ensure financial accuracy.
• Proficiency in variance analysis to identify and explain differences between planned and actual financial performance.
• Strong skills in inventory management to maintain optimal stock levels and minimize costs.
• Ability to forecast financial trends and outcomes, providing valuable insights for strategic decisions.
• Experience working with ERP systems to streamline financial operations and reporting.
  Roles And Responsibilities
• Implementing cost standards for materials and labour
• Recovery Analysis of the product
• Process costing of the plant
• Determine the standard cost and compare it with the actual cost to determine the variances.
• Ascertains the reasons for the occurrence of these variances for taking suitable action.

Other Reporting Requirements As Advised From Time To Time.

• Reconciling beginning raw materials, work-in-progress and finished-goods stock
• Analyzing organizational data and assessing rates of labour & overhead.
• Updating and preparing monthly or quarterly reports for senior management.
• Submitting costing reports to management every month or quarter
• Guiding costing staff by answering questions and coordinating activities
• Monthly MIS for costing.
• Monthly Average Cost of all processes
• Submission of yield report monthly.
• Monitor and review data and information to detect and assess problems and make recommendations to resolve issues

• Identify variances between actual and budgeted financial results at the end of each reporting period