Cost Accountant

2 weeks ago


Gulshan, Dhaka, Bangladesh Salma Group Full time ৳1,200,000 - ৳2,400,000 per year

About the Job

Position:
Cost Accountant – Textile Division (Yarn & Manufacturing)

Location:
Gulshan, Dhaka (with periodic visits to factory units in Bhaluka / Konabari, Gazipur)

Department:
Finance (Costing & Management Accounting)

Reports To:
Director

About Salma Group

Salma Group is a reputed business conglomerate in Bangladesh engaged in the textile sector with 5 spinning mills, a trading company, and a real estate company. The Group is committed to quality, efficiency, and continuous improvement. To strengthen our finance function and sharpen our pricing and margin discipline, we are seeking a proactive
Cost Accountant
to lead end-to-end costing and cost management across the textile business (including but not limited to yarn).

Detailed Job Responsibilities

The selected candidate will be responsible for developing accurate product costs, driving cost efficiency, and partnering cross-functionally to deliver margin improvement. Key responsibilities include, but are not limited to:

  • Own all costing and cost management (yarn and non-yarn): BOM/recipe costing, standard cost setting, overhead absorption, WIP valuation, and finished goods costing.
  • Prepare detailed yarn costing by blend/count (e.g., cotton, viscose, polyester, mélange, specialty/JuteCo), covering raw materials, conversion, utilities, packing, and logistics.
  • Build and maintain costing models and dashboards; analyze cost drivers and product/line profitability; support pricing and margin decisions for Sales.
  • Run variance analysis (standard vs. actual) for materials, labor, and overhead; investigate deviations and recommend corrective actions.
  • Partner with Production/Operations to identify efficiency opportunities (yield, waste, downtime, energy) and implement cost-reduction initiatives with measurable targets.
  • Collaborate with Procurement to evaluate vendors, benchmark market rates, and propose cost-effective alternatives without compromising quality or lead time.
  • Lead periodic cost reviews with cross-functional teams; track savings pipeline and report realized benefits to management.
  • Support budgeting/forecasting (cost to make, cost to serve) and scenario analysis (FX, cotton price changes, tariff/utility shifts).
  • Ensure accurate and timely inventory valuation (RM/PM/Spares), GRN-to-consumption reconciliation, and closing entries in ERP.
  • Strengthen costing controls and SOPs; document methodologies and ensure audit readiness; support ERP master data and cost roll-ups.
  • Prepare management reports: product/customer margin, cost bridges, should-cost, and make-vs-buy analyses.

Qualifications

  • Bachelor's/Master's in Accounting, Finance, or related field; CA CC / CMA preferred.
  • 5–7 years of experience in cost accounting/management accounting in textile/spinning/garments (strongly preferred).
  • Hands-on with Excel (advanced) and ERP costing modules; strong analytical and problem-solving skills.
  • Solid understanding of BOMs, standard costing, variance analysis, inventory valuation, and overhead allocation.
  • Collaborative, detail-oriented, able to work under pressure and drive cross-department initiatives.

Compensation & Benefits

Salary: Negotiable | Benefits: As per Company Policy

Application Deadline:
15 October 2025



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