Cost Accountant - Loss prevention Control

Job Purpose

To monitor and control operational costs, identify financial and inventory leakages, prevent losses, and improve profitability across the factory, warehouse and retail outlets.

Key Responsibilities

• Monitor **food cost, material consumption, wastage and production costs**.
• Analyse actual consumption against standard/BOM and identify variances.
• Conduct regular **inventory, stock and cash audits** at outlets and factory.
• Identify **pilferage, wastage, excess consumption and process leakages**.
• Monitor production yield and investigate abnormal variances.
• Verify purchase, GRN, stock transfers, sales and consumption records.
• Analyse outlet-wise profitability and identify areas of cost leakage.
• Monitor **expired, damaged and slow-moving stock** and ensure proper controls.
• Reconcile physical stock with system stock and investigate differences.
• Prepare **daily/weekly/monthly loss prevention and cost variance reports**.
• Coordinate with Operations, Production, Stores and Finance teams to implement corrective actions.
• Develop and strengthen **SOPs and internal controls** to reduce financial and material losses.
• Track corrective actions and report repeated deviations to management.

Qualification

• CA Inter / CMA / Cost Accountant / M.Com / MBA Finance or equivalent.
• Strong knowledge of **costing, inventory control, variance analysis and internal audit**.

Experience

• **3–7 years** of relevant experience.
• Experience in **food manufacturing, bakery, FMCG, retail or multi-outlet operations** will be preferred.

Key Skills

• Costing & variance analysis
• Inventory control
• Loss prevention
• Internal audit
• MIS & reporting
• Excel / ERP
• Analytical and investigative skills
• Strong follow-up and communication skills

Key Performance Indicators

• Reduction in material and inventory losses
• Reduction in production wastage
• Improvement in food/material cost %
• Reduction in stock variances
• Timely identification of leakages
• Improvement in outlet/factory profitability
• Effective implementation of corrective actions