Cost Accountant

☞ Thapar Institute of Engineering & Technology

View: 101

Update day: 06-05-2024

Location: Patiala Punjab

Category: Accounting / Auditing

Industry: Higher Education

Position: Mid-Senior level

Job type: Full-time

Loading ...

Job content

Candidates having experience from education sector will be preferred

Main Purpose

  • Prepare monthly journal entries manually or by initiating electronic creation through our software program
  • Review JEs carefully for anomalies and other inconsistencies
  • Prepare monthly and quarterly accounting reports for submission to management
  • Conduct inventory reserve analysis on a quarterly basis & generate reports for senior management
  • Assist the Staff Accountant with suggesting changes to policies or procedures to increase cash flow
  • Review rates of depreciation, labor & overhead and suggest policy changes to improve numbers
  • Classify costs accurately
  • Generate PPV reports and analyze findings
  • Establish standard costs and update them as appropriate
  • Maintain and review the general ledger and reconcile balance sheets
  • Analyze costs of raw materials & other supplies & create cost-benefit analyses for changing vendors
  • Product costing, standard cost updates, analysis of cost variance & preparation of cost reports
  • Handling inventory accounting, reporting and reconciliations
  • Month-end closing activities and ensuring financial accounting related to revenue and costing is completed in a timely and accurate manner
  • Analyzing reports and tools that identify cost exceptions and working with cross-function teams to predict and improve the cost of production
  • Determine fixed costs (e.g. salaries, rent and insurance)
  • Plan and record variable costs (e.g. purchases of raw material and operations costs)
  • Analyze and report profit margins
  • Prepare (monthly, quarterly and annual) cost forecasts
  • Assisting in month-end and year-end closing
  • Identify and recommend cost-effective solutions

Qualification

  • CMA, Passed in Final Examination of the Institute of Cost and Works Accountants of India (ICWAI)

Experience

  • 10-15 years of experience

Competency

Service Orientation, Excellent interpersonal skills, Excellent communication skills - both written and verbal, Planning & organizing skills, Ability to do multiple-tasking, Team working skills, Problem-solving skills, Analytical Thinking, Process-Oriented thinking

Loading ...
Loading ...

Deadline: 20-06-2024

Click to apply for free candidate

Apply

Report job
Loading ...
Loading ...

SIMILAR JOBS

Loading ...
Loading ...