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

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.