Cost Accountant

Position: Cost Accountant

Location: Manglapuri, Mg road New Delhi

Job Description

We are seeking a highly driven and experienced Cost Accountant to join our team.

As a cost accountant, you will collect, analyse and report on cost accounting data. This includes preparing standard cost reports, monitoring inventory levels, cost comparisons, product costing analysis, tracking variances and making journal entries. You will also collaborate with other departments to ensure accurate budgeting and forecasting processes.

If you have a strong finance background, an analytical mindset and excellent problem-solving skills, we encourage you to apply and join our fast-growing team. We’ll help you reach your career goals with a nurturing environment, industry-standard benefits and abundant learning opportunities in the finance domain.

Objectives of this role

Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company.

Prepare budgeting reports by collecting information and data points from various departments within the organisation.

Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.

Conduct regular audits, interpret rules related to accounting practices and ensure compliance with the standard regulations in India.

Responsibilities

Examine costs of production to determine the most efficient methods of production.

Ensure accurate classification of expenses under Generally Accepted Accounting Principles (GAAP).

Research material costs to ensure the accuracy of the information in the company’s accounting system.

Analyse manufacturing costs and prepare periodic reports comparing standard prices to actual production costs.

Participate in physical inventory counts to ensure the accuracy of inventory records.

Monitor the accumulation of all direct labour, overhead and other manufacturing-related expenses.

Qualifications and Skills

A bachelor’s or master’s degree in finance or commerce with a specialisation in accountancy.

6+years of experience in the accountancy field or an equivalent role.

Proficiency in accounting software like Tally, Quick Books or Peach tree and well-acquainted with Generally Accepted Accounting Principles (GAAP).

Exceptional ability to think critically and make decisions based on data analysis.

Excellent communication and presentation skills in discussing financial reports with company stakeholders.

Relevant certifications like Cost Public Accountant (CPA) or Cost Management Accountant (CMA).

Passion for numbers and competence in assessing larger datasets.

Aptitude for mathematics, statistics, and various cost analysis techniques.

Unswerving critical, analytical, and interpretation capabilities.

Willingness to work in a team or individually, as required.

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About Us

OK Play is a leading manufacturer of plastic moulded toys, playground equipment, and children’s furniture, Automotive, EV in India with distribution throughout the country via retailers and a network of distributors. With a belief in the importance of play in children’s learning and development, OK Play uses high-quality, safe, and non-toxic materials to manufacture a broad range of toys for various age groups. Our manufacturing facilities, located in Haryana and Tamil Nadu, are equipped with the latest computerised machines for mould design and fabrication, plastic moulding, and assembly lines, ensuring all products meet the highest quality standards ISO 9001:2008 and ISO/TS 16949:2009. The OK Play manufacturing facilities are located at Sohna in Haryana and Ranipet in Tamil Nadu and are at par with the world’s finest. The plant has the latest generation fully computerized machines for mould design and fabrication, all types of plastic moulding, post moulding facilities and a state-of-the-art assembly line