Key Responsibilities – Plant Cost Accountant
- Budgeting & Cost Planning : Support preparation of annual plant budgets in alignment with production plans and business targets.
- Coordinate with plant operations, procurement, and finance teams to ensure accurate cost projections.
- Cost Monitoring & Variance Analysis : Track actual plant costs (material, labor, overheads) against budget and standard costs.
- Analyze variances and highlight key drivers impacting cost efficiency, with actionable recommendations.
- Plant MIS & Reporting : Prepare and circulate plant-level MIS reports covering production costs, consumption trends, and operational KPIs.
- Support monthly reviews (BRC, QRM) with detailed cost insights and performance analysis.
- Cost Control & Optimization : Drive cost control initiatives across raw materials, utilities, wastage, and manpower.
- Monitor product-wise and batch-wise costing to identify inefficiencies and improvement opportunities.
- Inventory & Material Costing : Oversee inventory valuation, material consumption tracking, and reconciliation with production records.
- Ensure accuracy in BOM (Bill of Materials) and standard costing in the system.
- ERP / SAP Costing : Ensure effective utilization of SAP/ERP systems for product costing, inventory tracking, and MIS generation.
- Support new product costing, cost roll-ups, and system updates for accurate financial reporting.
- Data Analysis for Cost Efficiency : Leverage data analytics to identify trends in cost drivers, yield losses, and process inefficiencies.
- Recommend measures to improve margins and optimize plant performance.
- Cross-functional Coordination : Work closely with production, maintenance, and procurement teams to align financial insights with operational actions.
- Act as a finance partner to plant leadership for decision-making.
- Audit, Controls & Compliance : Support internal and external audits by providing plant-level financial data and clarifications.
- Ensure adherence to cost accounting standards, internal controls, and company policies.
