Job Description: Cost Accountant – Chemical Manufacturing

Key Responsibilities

• Advanced Cost Analysis and Reporting: Utilize advanced analytical techniques to dissect financial data, identify cost trends, and provide actionable insights. Implement and maintain sophisticated cost accounting systems that accurately capture all production costs and overheads.
• Comprehensive Product Costing: Conduct intricate product costing analyses, considering various cost factors such as raw materials, labor, energy consumption, and overheads unique to chemical manufacturing. Apply activity-based costingto more accurately trace costs to products and services.
• Strategic Profitability and Margin Analysis: Perform deep-dive analyses into profitability by product line, customer segment, and market channel. Utilize advanced financial modeling to support pricing strategies and margin improvement initiatives.
• Detailed Budgeting and Forecasting: Lead the annual budgeting process and periodic forecasting exercises, incorporating detailed cost modeling and scenario analysis to guide financial planning. Work closely with department heads to ensure budgets align with operational strategies and cost reduction goals.
• Efficient Inventory Management: Apply lean inventory management principles to minimize waste and optimize the cost-effectiveness of inventory holdings. Use JIT (Just-In-Time) and EOQ (Economic Order Quantity) models to improve inventory turnover rates and reduce costs.
• Innovative Cost Optimization: Collaborate with R&D and production departments to drive cost-saving innovations in product design and manufacturing processes. Champion continuous improvement initiatives that enhance operational efficiency and cost-effectiveness.
• Regulatory Compliance and Reporting: Ensure rigorous compliance with industry-specific financial standards, environmental regulations, and safety protocols. Prepare detailed financial reports and cost analyses for internal stakeholders, regulatory bodies, and external auditors.
• Yield Analysis and Process Improvement: Spearhead yield optimization projects by analyzing production data, identifying inefficiencies, and recommending process improvements. Work with production teams to implement best practices that maximize yield and reduce variability.

Required Qualifications

• ICWA,BCom/ MBA - finance preferred 
• Min 5 yrs of experience in cost accounting within the chemical manufacturing industry
• Expertise in cost accounting standards and ERP.
• Advanced proficiency in financial analysis software and Excel, including pivot tables, VLOOKUP, and macros.

 email cv on HRLEAD@canaffor.com

CTC upto 13 LPA