Cost Accountant

Job Overview

We are seeking an experienced Cost Accountant to manage product costing, manufacturing accounting, WIP, inventory valuation, production variance analysis, and profitability reporting, and having a good expertise into QuickBooks and USA/Canada Accounting

Core Responsibilities

• Develop, maintain, and regularly update detailed Bills of Materials (BOMs) and standard costing structures for all SKUs and product revisions.
• Maintain comprehensive product costing covering formulas, raw materials, packaging, printing, decoration, filling, assembly, inspection, testing, freight, duties, warehousing, and total landed costs.
• Review and validate units of measure, pack configurations, fill weights, production quantities, component consumption, yield assumptions, and approved production overages.
• Calculate and analyze actual manufacturing costs at the SKU, batch, customer-order, supplier, and factory levels.
• Take ownership of WIP accounting for bulk formulas, production-issued components, partially completed products, finished goods pending QA release, rework, repacking, relabeling, and inventory held with contract manufacturers.
• Perform detailed WIP reconciliations by SKU, batch, production order, manufacturing facility, production stage, quantity, and financial value.
• Reconcile production deposits, factory accruals, uninvoiced receipts, materials issued to production, unused components, bulk inventory, completed production, and finished-goods receipts.
• Track and quantify production losses, including bulk losses, overfilling, setup waste, damaged components, defective packaging, rejected finished goods, sorting, rework, repacking, relabeling, and product destruction.
• Distinguish between normal manufacturing losses and abnormal or recoverable losses and ensure appropriate accounting treatment.
• Determine the financial impact and responsible party for supplier defects, factory-related damage, freight damage, warehouse losses, shortages, and other unexplained inventory discrepancies.
• Prepare supporting financial documentation for supplier and manufacturing-factory chargebacks, debit notes, credit claims, replacements, refunds, and insurance claims.
• Monitor outstanding recoveries and follow through until credits, replacements, refunds, or other recoverable amounts are received and properly recorded.
• Calculate and maintain accurate landed costs, including international freight, customs, duties, brokerage, insurance, handling, drayage, and warehouse receiving costs.
• Reconcile raw materials, components, bulk inventory, WIP, finished goods, goods in transit, quarantine inventory, damaged inventory, and related general-ledger balances.
• Analyze and report profitability by SKU, customer, production order, and new-product launch.
• Support new-product development and costing activities and provide financial validation and approval before products move into mass production.
• Establish and maintain cost-accounting policies, WIP controls, production variance classifications, loss-reporting requirements, inventory write-off procedures, and production-order closing controls.
• Work closely with NPI, Purchasing, Supplier Quality, Production and QA teams, Logistics, Warehouse Operations, Sales, Customer Service, and Accounting to ensure operational activities are accurately reflected in financial records.

Qualifications & Experience

• 5+ years of professional experience in cost accounting, manufacturing finance, inventory accounting, or operational finance.
• Professional accounting designation or cost-accounting certification is preferred.
• Strong understanding of BOMs, standard costing, actual costing, WIP accounting, landed-cost calculations, inventory valuation, manufacturing variances, and gross-margin analysis.
• Strong hands-on experience with QuickBooks is required, including managing day-to-day accounting activities, reconciliations, inventory-related accounting, and financial reporting within QuickBooks.
• Proven experience working in an accounting/finance role for Canadian or U.S.-based companies is strongly preferred. Candidates should be comfortable working with North American accounting practices, processes, and financial requirements.
• Strong working knowledge of ERP, purchasing, inventory-management, and accounting systems.
• Strong ownership and accountability for inventory, WIP, manufacturing costs, and financial controls.

Pay: ₹350,000.00 - ₹500,000.00 per year

Application Question(s):

• Are you an immediate joiner if not availability to join if selected
• What is your last verifiable monthly salary and expected salary
• How many years of experience you have as an Cost Accountant
• Do you have Laptop or PC with Good internet connection to work in remote setting
• How many years of hands-on experience do you have with QuickBooks?
• How many years of experience do you have in manufacturing accounting or manufacturing finance?
• Are you comfortable to be work in US Shift Timings (8:30 PM to 5:30 AM IST)
• Describe your experience with manufacturing accounting and production costing.

Work Location: Remote