Manorama Industries - Senior Cost Accountant
Manorama Industries Limited
Date: 1 week ago
City: Raipur, Chhattisgarh
Contract type: Full time
- We are looking for a highly skilled Senior Cost Accountant to join our team at Manorama Industries Limited in Raipur.
- This role requires 7-10 years of experience in cost accounting and will involve critical cost analysis, financial reporting, and cost control responsibilities.
- You will play a vital role in supporting our operations within the Food and Beverage Manufacturing industry.
- Implement cost standards for materials and labor to ensure accurate financial tracking.
- Conduct comprehensive recovery analysis for products and monitor process costing within the plant.
- Determine standard costs and compare them with actual costs, analyzing and addressing variances as needed.
- Provide regular costing reports to senior management, including monthly/quarterly updates.
- Reconcile raw materials, work-in-progress, and finished goods stock, ensuring accuracy in inventory management.
- Perform variance analysis to explain differences between planned and actual financial performance.
- Guide and mentor the costing team, coordinating activities and answering queries to streamline processes.
- Prepare monthly costing reports, MIS reports, and yield reports for management review.
- Identify variances between actual and budgeted financial results at the end of each reporting period.
- Provide insights and recommendations for process improvements based on financial data.
- Proven expertise in cost analysis (Mandatory skill).
- Strong capabilities in financial reporting (Mandatory skill).
- Advanced proficiency in cost control techniques (Mandatory skill).
- Experience with budgeting processes, including preparation and monitoring.
- Expertise in variance analysis to identify differences between financial plans and actual results.
- Strong skills in inventory management to optimize stock levels and reduce costs.
- Ability to forecast financial trends and provide strategic recommendations.
- Experience working with ERP systems to improve financial reporting and operations
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