Assistant Manager-Cost Accountant

Job Description

The applicants should have experience in the following business area(s):
Manufacturing (FMCG), Garments, Textile, Group of Companies, Spinning-Develop and maintain cost accounting systems for tracking production costs, labor, and overhead.
-Prepare product costing, Contribution Margin (CM) analysis, Break Even Point (BEP) analysis, Margin of Safety (MS) analysis.
-Analyze and report on production costs, identifying areas for cost reduction and efficiency improvement.
-Prepare detailed cost reports, including variance analysis, to assist management in decision-making.
-Assist in the preparation of budgets and financial forecasts, ensuring accurate cost estimations.
-Monitor actual costs against budgeted costs, providing insights into discrepancies.
-Oversee the cost accounting for inventory, ensuring accurate valuation and reporting.
-Work closely with the production and procurement teams to manage inventory levels and minimize waste.
-Maintain accurate records of all factory-related financial transactions.
-Reconcile factory accounts, ensuring all costs are accurately captured and reported.
-Collaborate with management to develop and implement cost control measures.
-Ensure compliance with relevant accounting standards and regulations.
-Prepare and submit regular financial reports to management and external stakeholders.
-Identify opportunities for process improvements in cost accounting and factory operations.
-Factory petty cash management.