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

Desired Candidate Profile

• 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.