Cost Accountant
Coimbatore
Below 45 years
Finance Head / Business Head
To lead costing and financial analysis functions in spinning operations by ensuring accurate product costing, cost control, profitability analysis, and supporting strategic decision\-making to improve margins and overall business performance.
- *1\. Product Costing \& Analysis**
- Prepare and validate yarn costing (count\-wise, mix\-wise, customer\-wise)
- Analyze cost components including raw material, conversion, labor, and overheads
- Ensure accuracy in standard and actual costing
- *2\. Raw Material Cost Control**
- Monitor cotton prices and consumption patterns
- Optimize mixing cost and minimize raw material variance
- Work with procurement and R\&D teams for cost\-effective sourcing
- *3\. Conversion Cost Optimization**
- Analyze power, labor, and machine efficiency costs
- Identify opportunities to reduce conversion cost per kg
- Monitor productivity (kg/spindle/day) and cost impact
- *4\. Profitability \& Margin Analysis**
- Evaluate contribution margins for products and customers
- Support pricing decisions and commercial negotiations
- Identify low\-margin or loss\-making products and suggest corrective actions
- *5\. Budgeting \& Forecasting**
- Prepare annual budgets and cost forecasts
- Monitor actual vs budgeted performance
- Provide variance analysis and corrective recommendations
- Prepare daily/weekly/monthly cost MIS reports
- Present insights on cost trends, variances, and performance
- Support management with data\-driven decision\-making
- *7\. Cross\-functional Coordination**
- Work closely with production, R\&D, procurement, and marketing teams
- Ensure alignment between costing, production efficiency, and pricing strategies
- *8\. Process Improvement \& Cost Reduction**
- Drive cost reduction initiatives across departments
- Identify inefficiencies and implement corrective measures
- Support automation and system improvements in costing
- Strong knowledge of spinning cost structures and yarn costing
- Financial analysis and cost control expertise
- Strong analytical and problem\-solving skills
- Advanced Excel / ERP knowledge
- Good coordination and communication skills
- *Experience Requirement**
- 10 \- 15 years in spinning industry / textile costing / finance roles
- *Key Performance Indicators (KPIs)**
- Accuracy of product costing
- Reduction in cost per kg of yarn
- Improvement in profit margins
- Budget vs actual variance control
- Identification and execution of cost\-saving initiatives
- *Additional Expectations**
- Strong attention to detail and data accuracy
- Ability to handle large\-scale costing operations
- Proactive approach to cost optimization
- Support strategic and commercial decision\-making
- *Qualifications Required**
- Bachelor’s Degree in Commerce / Finance / Textile Technology
- CA / CMA / MBA Finance (preferred)
- Strong knowledge of costing systems and ERP tools
Share your resume to recruiter@acecreativess.in
For more details call 9994863807
Work Location: In person