Cost Accountant

• Prepare and maintain standard and actual cost sheets for each product (sofas, frames, upholstery, outdoor furniture, etc.) • Calculate unit costs including raw materials, direct labor, and manufacturing overheads. • Review and update Bills of Materials (BOM) in coordination with production. • Support pricing decisions with accurate cost and margin analysis. Production & Inventory Costing • Track Work-in-Progress (WIP) and finished goods valuation • Monitor raw material consumption (wood, foam, fabric, leather, metal, fittings, packing material) against standards • Analyze material usage, wastage, and scrap, and report variances • Reconcile physical stock counts with system records and investigate discrepancies Cost Control & Variance Analysis • Compare actual vs. budgeted/standard costs and prepare variance reports with root-cause explanations • Identify cost-saving opportunities in materials, labor, and overheads • Monitor labor productivity, overtime, and machine utilization costs • Track factory expenses such as utilities, fuel, maintenance, and transport Overhead Allocation • Allocate factory overheads to products using appropriate cost drivers • Maintain cost center and department-wise expense tracking Reporting & Financial Support • Prepare monthly cost reports, production cost summaries, and margin analysis • Assist in month-end closing, including cost-related journal entries and accruals • Support budgeting, forecasting, and management reporting • Coordinate with external auditors by providing costing and inventory documentation • Bachelor's degree in Accounting, Finance, or a related field is essential for a solid foundation. • A minimum of 3-5 years of relevant experience in cost accounting or managerial accounting is preferred. • Professional certification such as CMA, CPA, or CIMA is highly desirable and adds credibility. • Experience in the manufacturing sector is a plus, as it provides context for cost analysis.