Sunstar - Cost Accountant

Job Purpose:

To manage and execute product costing activities, ensuring accurate cost analysis, cost control, and financial insights to support pricing decisions and operational efficiency.

Key Responsibilities:

1. Product Costing & Analysis:

- Prepare and update standard product costing for existing and new products.

- Analyse Bill of Materials (BOM), routing, labour, and overhead costs.

- Validate production cost sheets and ensure accuracy of cost components.

- Conduct variance analysis (material, labour, overheads) and highlight deviations.

2. Cost Control & Monitoring:

- Monitor manufacturing expenses and identify cost-saving opportunities.

- Review inventory valuation based on standard costing and actual consumption.

- Support budgeting and forecasting for production cost elements.

3. Reporting & Documentation:

- Prepare monthly cost reports, contribution margin statements, and profitability analysis.

- Maintain cost master data in ERP systems (SAP/Oracle/Tally/other).

- Ensure proper documentation for costing assumptions, updates, and audit requirements.

4. Cross-Functional Coordination:

- Coordinate with Production, Purchase, Quality, and Supply Chain teams for cost inputs.

- Support management in pricing decisions through cost insights.

- Assist in New Product Development (NPD) costing and feasibility analysis.

Qualifications & Experience:

- ICWA (preferred)/CA

- 2-5 years of experience in product costing, manufacturing costing, or cost accounting.

- Strong understanding of BOM, process costing, and standard costing.

- Experience with ERP systems; advanced Excel skills required.