Jaipur Rugs - Cost Accountant

Key Responsibilities:

Cost Accounting & Product Costing:

- Develop and maintain standard costing systems for hand-knotted, hand-tufted, and other rug categories.

- Calculate product-wise, design-wise, and customer-wise profitability.

- Determine material, labor, weaving, finishing, dyeing, and overhead costs.

- Analyze actual vs. standard costs and investigate variances.

- Monitor artisan/weaver production costs and efficiency metrics.

Inventory & Material Cost Management:

- Monitor costing of wool, silk, cotton, Viscose, dyes, and other raw materials.

- Track inventory aging, slow-moving stock, and wastage.

- Ensure compliance with Ind AS and company inventory valuation policies.

Budgeting & Forecasting:

- Assist in preparation of annual budgets and rolling forecasts.

- Prepare manufacturing cost budgets and departmental expense budgets.

- Conduct variance analysis against budgets and recommend corrective actions.

MIS & Profitability Analysis:

- Prepare weekly & monthly cost reports and management dashboards.

- Provide SKU-wise, collection-wise, and export market profitability reports.

- Support pricing decisions through detailed cost analysis.

- Generate margin analysis for domestic and international sales channels.

Compliance & Audit:

- Ensure compliance with Cost Accounting Standards and applicable regulations.

- Support statutory audits, internal audits, and cost audits.

- Maintain documentation related to costing systems and inventory controls.

- Coordinate with auditors and regulatory authorities.

ERP & Process Improvement:

- Work closely with ERP teams for cost module optimization.

- Strengthen cost allocation methodologies and reporting automation.

- Improve data accuracy and reporting efficiency.

Educational Qualifications:

- CMA (ICMAI) - Mandatory / Preferred.

- CA with strong costing exposure may be considered.

Experience:

- 5 Years and above experience in after CMA.

- Experience in export oriented manufacturing industry.

- Hands-on experience with ERP systems (SAP, Oracle, Microsoft Dynamics, or similar).

Skills & Competencies:

- Highly align with company values specially in empathy and integrity.

- Strong Communication Skills.