Management Accountant
- Accord Synergy
- 3 - 8 years
- Mumbai
- 2 months ago
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Job Description
Designation : Management Accountant
Experience - 3 years and above
location - AIROLI , Navi Mumbai
Education - CMA (ICWA) or CA or ICWA Inter or CA Inter
Shift timing: 6 am to 3 pm (home pickup provided) or 11:30 am to 8:30 pm (home drop provided)
Work Mode: Work from office
Individual contributor role.
CANDIDATES FROM MANUFACTURING COMPANIES ONLY !!!
1. Job Profile
- Conducting monthly cost runs for inventory valuation, overhead allocations, and activity rate working.
- Managing inventory valuation processes, ensuring accurate stock reporting, timely adjustments, and quarterly provisioning.
- Preparing annual cost sheets and working on CAS-4 Certificates for inter-unit pricing to determine product and service costs.
- Compiling various MIS reports for board meetings and management decision-making regarding project profitability and cost comparisons.
- Conducting monthly analysis of sales vs. consumption bookings, identifying trends, and suggesting improvements in inventory management and procurement.
- Supporting inventory control processes and assisting in audits related to cost and inventory reporting.
- Processing import bill passing for inventory valuation of imported products and maintaining PO conditions.
- Assisting in month-end and year-end closing activities, including GL reviews, preparation of provisions, and accrual entries.
- Handling asset accounting in SAP, including acquisition to retirement processes, depreciation accounting, and monitoring of Capex proposals and CWIP.
- Assisting in audit schedules for statutory, tax, and transfer pricing audits.
Key Responsibilities:
MIS Reporting
- Prepare plant-level MIS reports with a focus on cost and profitability assessments.
- Generate financial statements and quarterly reports for board-level review, supporting legal entity reporting and reconciliations.
Month-End Close & Reporting
- Update and review cost accruals to ensure accurate financial reporting.
Accruals & Prepayments
- Manage provisions, prepaid expenses, and accrual accounting to ensure compliance with financial standards.
Variance Analysis
- Conduct analysis of actual results vs. budget/prior year across production volumes, variable and fixed costs, product mix, and variances.
- Provide insights into site cost development with detailed variance analyses.
Budgeting & Financial Planning
- Prepare short-term quarterly budgets for cost control and financial planning, supporting yearly budget preparation.
Productivity Monitoring
- Analyze process orders and monitor plant productivity by comparing product composition with Bill of Materials (BOM).
Product Costing
- Calculate and report standard variable costs for all SKUs, assess contribution mix for capacity utilization, and optimize profitability.
BOM Management
- Advise on BOM changes by tracking actual vs. standard composition in collaboration with the laboratory team.
WIP Material Valuation
- Review quarterly WIP (Work in Progress) material costs and update in ERP if variances arise.
Accounting Oversight
- Ensure accurate financial transactions for the plants profit center and post intercompany debit notes.
Cost Center Accounting
- Manage cost center accounting, perform GL reconciliations, and post rectification entries for accurate financial reporting.
Asset Accounting
- Handle Internal Order (IO) creation, CWIP management, and asset creation in SAP while ensuring compliance with internal policies.
Capex Monitoring
- Track budget vs. actual Capex bookings, report budget overruns, update forecasts, and calculate payback periods for capacity improvement projects.
Inventory Management
- Monitor high-value inventory consumption against procurement to identify and address anomalies.
- Conduct inventory audits to reconcile physical stock with financial records.
Cost Savings & Impact Analysis
- Prepare cost-saving reports, analyze the financial impact of technical projects, and identify cost optimization opportunities.
Production Data Validation
- Monitor weekly production entries, align financial and production data, and validate data for HFM and intercompany transactions.
Profitability & KPI Analysis
- Conduct product-wise profitability analysis, ratio analysis, and KPI assessments to support decision-making and improve capacity utilization.
ESG Reporting
- Support ESG reporting at the divisional level by verifying data from multiple plants and contributing to fixed cost reduction initiatives.
Employee Claims & Cost Recovery
- Process employee claims through SAP Concur and manage cost recovery/cross-charge entries for accurate financial records.
Savings Analysis
- Develop reports comparing budgeted costs with actual savings from consultant recommendations, focusing on cost optimization.
Interested candidates can apply or share there cvs at jy*******h@ac**********y.com or can WhatsApp/Call at 6359743***
Job Classification
Industry: Engineering & ConstructionFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: Full timeContact Details:
Company: Accord SynergyLocation(s): Mumbai
Keyskills: Management Accounting Shared Services Bom Inventory Valuation Plant Accounting Variance Analysis MIS Reporting Product Costing Accounting Oversight Asset Accounting ESG Financial Planning Budgeting Productivity Monitoring Bom Management WIP Cost Center Accounting
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