Job Responsibilities 

• 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.

Additional Requirement

• Knowing SAP ERP, Excel & PowerPoint will get preference.
• Candidate should have knowledge about Quality management reports, budgetary control, capital expenditure, WCM, internal control, cost reduction, capital expenditure policy and guidelines.
• candidates must have strong knowledge about factory accounts. 

Educational Qualification:

• MBA in Accounting 
• Having professional degree (fully or partly CMA/ACCA qualified or partly CA qualified) will get extra preference

Experience:

• Minimum 6-8 years of experience in manufacturing company/garments textile. Having experience in SAP ERP will get preference.