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.