Cost Accountant Full Time

Key Responsibilities:

A) MIS and Budgeting

Co-ordination with the plants to collect the inputs data for various monthly reporting (Revenue/Inventory) and ensure that all the periodic management reporting requirements are met in a timely and correct manner. For defined purposes, act as first level screener of data and information being forwarded to the Management Team
Preparation of consolidated regular monthly/periodical reports, Analysis of variance actual vs. budget and actual vs. prior period and Preparation of presentation for monthly/quarterly financial and operational reviews.
Preparation of cost saving models and support MIS head in drafting the cost saving guidance and working capital management. Assist in driving certain process improvement and special initiatives from time to time as per the priorities set forth by the senior management.
Overdue receivable and payables monitoring. Generation of monthly re-statement and ageing reports.
Tracking of Sales in Transit and Purchase in transit.
Co-ordination with the plants for monthly / quarterly / annual financial projections and preparation of consolidated quarterly financial projections. Monthly Balance Sheet cash flow projection preparation.
Quarterly reconciliation of plants MIS with the books of accounts and tracking of monthly provisions taken by plants in monthly MIS.
Support to Corporate Budget Head in annual budgeting activity.
Any ad-hoc reports/analysis as per the management requirement.

B) Internal Audit and Controls :

Assist the Internal Audit and Controls Team in creating an Annual Audit Scope, Plan, including evaluating the Company’s existing internal controls, business processes, policies and mechanisms to ensure that they are adequate, effective and in compliance with Regulatory principles, Industry standards and Corporate guidelines.
Study the Internal Audit Reports as received from the external agencies, Prepare detailed analysis of the same, ensure closure of the points/observations in Internal Audit Reports within the defined time schedules for reporting to Chief Financial Officer.
Collect and analyze data to detect deficient controls, duplicated effort, fraud, or non-compliance with laws, regulations and management policies and also to avoid/prevent operational losses due to theft, error or fraud or technology breakdowns.

C) Costing :

Any other work as may be assigned by the Management from time to time
OEE Monitoring.
Monitoring Standard Machine Hours and Actual Machine Hours.
Monitoring Standard Labor Hours and Actual Labor Hours.
Helping in calculating & explaining OEE to the Supervisors, Plant Head and Unit Head.
Monitoring Man Machine Ratio.
Monitoring standard Yield and actual Yield and finding the difference in consumption till item Level

Tagged as: accounts, annual budgeting, audit reports, balance sheet, budgeting, cash flow, compatibility testing, cost saving, external agencies, financial projections, internal audit, internal controls, management reporting, MIS, OEE, process improvement, reporting requirements, sales, variance analysis, working capital