KS Bakers
Website:
ksbakers.com
Job details:
# Production Cost Accountant
- Reporting To:** Factory Head
- Industry:** Food / Bakery / FMCG Manufacturing
### Job Purpose
Responsible for monitoring and analysing production costs, material consumption, labour costs, wastage, production efficiency and inventory to ensure accurate product costing and effective cost control.
### Key Responsibilities
**1\. Production Costing**
- Calculate and monitor the cost of production for various products.
- Prepare product-wise and batch-wise costing based on raw materials, labour and production overheads.
- Maintain and update **BOM (Bill of Materials)** and standard costing.
- Compare standard cost with actual production cost and identify variances.
- Analyse cost per unit/kg/batch and report significant deviations.
**2\. Raw Material & Consumption Analysis**
- Monitor raw material consumption against standard/BOM quantities.
- Analyse excess consumption, wastage, rejection and process losses.
- Coordinate with Production, Stores and Purchase teams for cost-related issues.
- Verify material issues and consumption recorded against production.
**3\. Production Variance Analysis**
- Prepare daily/weekly/monthly production cost variance reports.
- Analyse variances relating to:
- Raw material consumption
- Purchase price
- Production quantity
- Yield
- Wastage
- Labour
- Electricity/fuel
- Packaging material
- Other factory overheads
- Highlight abnormal variances to management and suggest corrective actions.
**4\. Inventory & Stores**
- Monitor raw material, packaging material, WIP and finished goods inventory.
- Support periodic physical stock verification and reconciliation.
- Identify slow-moving, excess, obsolete and damaged inventory.
- Ensure proper accounting and valuation of production inventory.
**5\. Factory Cost Control**
- Monitor production expenses including manpower, electricity, fuel, repairs, maintenance and other factory overheads.
- Analyse cost per unit and identify opportunities for cost reduction.
- Track production efficiency, yield and capacity utilisation.
- Prepare management reports on factory cost performance.
**6\. MIS & Management Reporting**
- Prepare monthly **Production Costing & Cost Variance MIS**.
- Prepare product-wise profitability/cost analysis.
- Provide cost-related data for pricing and new product development.
- Prepare budget vs. actual cost reports.
- Support Finance Head/Factory Head with cost-related analysis and decision-making.
**7\. Coordination & Audit**
- Coordinate with Production, Stores, Purchase, Quality and Finance teams.
- Ensure proper documentation of production records and consumption data.
- Support internal, statutory and cost audit requirements.
- Ensure accuracy and completeness of cost records.
### Key Performance Indicators (KPIs)
- Accuracy of product costing
- Timely submission of cost MIS
- Reduction in material consumption variance
- Reduction in production wastage
- Accuracy of BOM and standard costing
- Inventory reconciliation accuracy
- Identification of abnormal cost variances
- Cost savings identified and implemented
- Timely completion of monthly costing
### Qualification
- B.Com / M.Com / MBA Finance / CMA (Inter/Qualified) or equivalent.
- Candidates with Cost Accounting / Management Accounting exposure will be preferred.
### Experience
- **2–5 years** of experience in Costing / Plant Finance / Production Accounting.
- Experience in **FMCG, Food, Bakery, Manufacturing or similar industries** preferred.
- Candidates with hands-on experience in product costing, BOM, inventory and variance analysis will be preferred.
### Skills Required
- Strong knowledge of **production costing and cost accounting**
- Good understanding of BOM and standard vs. actual costing
- Excellent Excel skills
- Good analytical and numerical skills
- Knowledge of inventory accounting
- Ability to identify cost leakages and abnormal variances
- ERP/accounting software knowledge
- Good coordination with factory and finance teams
### Preferred Candidate Profile
A hands-on finance professional who can work closely with the **Factory, Production, Stores and Purchase teams** , independently analyse production costs and provide management with actionable information for improving **cost efficiency, productivity and profitability**.
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