Cost accountant - plant

Key Responsibilities
Cost Accounting & Product Costing
Prepare and maintain standard costs for billets, TMT bars, and by-products (scale, slag, etc.)
Compute process-wise cost (Melting Shop/SMS, Rolling Mill) including yield, conversion cost, and burning loss
Track and analyze raw material consumption (iron ore/sponge iron/scrap) vs. standard norms
Prepare cost sheets for each grade/size of TMT bars produced
Yield & Variance Analysis
Monitor metallic yield, rolling yield, and power/fuel consumption against budgeted norms
Investigate and report variances (material, labor, overhead) with root-cause analysis
Track scrap generation, rejection, and rework costs
Budgeting & MIS
Assist in preparation of annual budgets and monthly rolling forecasts
Prepare daily/weekly/monthly MIS reports on production cost, per-ton conversion cost, and profitability
Track power & fuel cost per ton, consumable costs, and other overheads
Inventory & Valuation
Conduct physical stock verification of stores / raw materials, WIP, and finished goods
Ensure correct inventory valuation as per costing standards and accounting policies (Ind AS)
Reconcile stock records between production, stores, and finance
Compliance & Audit
Maintain cost records as per Companies (Cost Records and Audit) Rules, if applicable
Support internal, statutory, and cost audits with required schedules and data
Ensure compliance with GST/costing-related documentation
Cross-Functional Coordination
Liaise with production, purchase, and quality departments to gather cost-relevant data
Support pricing decisions by providing cost-plus analysis for different product grades
Assist management with cost-reduction initiatives and process improvement studies
Key Skills Required
Strong knowledge of cost accounting principles, standard costing, and variance analysis
Familiarity with steel/TMT manufacturing process (SMS, Rolling Mill operations)
Proficiency in ERP systems and advanced Excel
Analytical mindset with attention to detail
Knowledge of Ind AS / Cost Accounting Standards (CAS)
Key Performance Indicators (KPIs)
Accuracy of cost sheets and timeliness of MIS reports
Reduction in cost variances (material, yield, power)
Inventory accuracy %
Turnaround time for audit/compliance data
Location: Chegunta, Hyderabad
Experience: 3–6 years (in steel/TMT/manufacturing industry preferred)
Qualification: B. Com / M. Com / CMA (Inter or Qualified) / CA Inter preferred