Job Description

Cost Accountant

About Us:

Autocracy Machinery is India's leading manufacturer of specialty construction, agricultural and infrastructure machinery and attachments. Our machines are currently used in some of the largest trenching projects in India, for laying cables, drainage and irrigation pipes . Our machines can be customized to deliver the right machine for the right job. We have a relentless focus on delivering real impact by providing safer, faster and bespoke solutions to our customers.

We are driven by our vision to build indigenously designed world class machines and attachments, and in this process, make India a global manufacturing and innovation hub.

We require a Qualified Cost accountant for our company.

Requires Skill:

• 2-4 years of relevant experience
• Qualified Cost accountant (CMA)
• Ascertainment cost, cost comparison, Cost control and cost reduction.
• Responsible for Product costing, Project Costing, Budgetary control and Variance analysis.
• Preparation and implementation of cost accounting policies...etc
• Adequate knowledge in Excel

Roles & Responsibilities:

Cost Analysis and Reporting:
Analyze manufacturing costs, including raw materials, labor, overhead, and utilities, to identify variances and trends.
Prepare detailed cost reports, budget analyses, and financial forecasts to support management decision-making.
Monitor and report on key performance indicators (KPIs) related to manufacturing efficiency, cost per unit, and product profitability.
Inventory Management:
Coordinate with the inventory control team to ensure accurate tracking and valuation of inventory levels.
Conduct regular audits of inventory records, reconcile discrepancies, and implement corrective actions as needed.
Analyze inventory turnover rates, carrying costs, and obsolete inventory to optimize inventory management practices.
Cost Control and Budgeting:
Develop and maintain standard costing systems for all products, incorporating material costs, labor costs, and overhead expenses.
Collaborate with department heads and production managers to establish annual budgets and cost targets for manufacturing operations.
Monitor actual performance against budgeted costs and variance analysis, providing explanations for deviations and recommending corrective actions. Process Improvement:
Identify opportunities for cost reduction and process optimization through continuous analysis of manufacturing processes and workflows.
Partner with cross-functional teams to implement cost-saving initiatives, streamline operations, and improve efficiency.
Conduct cost-benefit analyses for capital investments, process improvements, and strategic initiatives.
Compliance and Reporting:
Ensure compliance with accounting principles, regulatory requirements, and company policies in all cost accounting activities.
Prepare accurate and timely financial reports, including cost of goods sold (COGS) statements, for internal and external stakeholders.
Assist with external audits and tax filings, providing documentation and analysis as required.

Qualifications:
Bachelor's degree in Accounting, Finance, or related field. Professional certification (e.g., CMA, CPA) preferred.

Proven experience in cost accounting or financial analysis, preferably in a manufacturing environment, with knowledge of HVAC industry operations a plus.

Job Type: Full-time

Pay: ?600,000.00 - ?1,200,000.00 per year

Benefits:

• Leave encashment
• Provident Fund

Schedule:

• Day shift

Ability to commute/relocate:

• Hyderabad, Telangana: Reliably commute or planning to relocate before starting work (Required)

Experience:

• total work: 2 years (Preferred)