Cost Accountant

Job Description

About Derewala Industries Ltd.:

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Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery.

Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.

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Location- Sitapura, Jaipur

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Working Days- 6

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Key Responsibilities:

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• Develop a deep understanding of manufacturing processes and various costing methodologies.
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• Manage inventory valuation through ERP systems, preferably Microsoft Dynamics AX 2009 (Axapta).
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• Analyze Cost of Goods Sold (COGS), gross margins, and net profitability.
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• Review and validate job card closures, production transactions, inventory movements, stock transfers, and material consumption at the transaction level.
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• Verify the accuracy of Bills of Materials (BOMs) and ensure ERP data is maintained as per approved BOMs.
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• Calculate and monitor overhead absorption through the ERP system.
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• Prepare product costing and pricing to support the CRM and Sales teams.
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• Prepare production and sales budgets related to costing.
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• Monitor demand and consumption of high-value consumables such as Gold Plating Chemicals (GPC), Rhodium, and other critical materials across manufacturing units.
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• Conduct profitability analysis by Sales Order, Customer, Product, and Business Unit.
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• Analyze production efficiency and precious metal losses (Gross & Net) department-wise and metal-wise.
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• Identify cost-saving opportunities and recommend process improvements.
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• Study and analyze consumables consumption patterns to optimize utilization.
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• Conduct cost investigations and variance analysis whenever required.
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• Monitor inventory movements, including non-moving, slow-moving, and high-moving inventory, and control scrap ratios and metal loss reconciliations.
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• Perform month-end inventory recalculation and inventory valuation closing in the ERP system.
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• Reconcile ERP inventory with physical inventory, investigate discrepancies, and provide justifications.
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• Prepare periodic MIS reports and dashboards related to costing, inventory, and profitability for management review.
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Qualifications & Experience:

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• CMA Requried.
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• 4–5 years of post-qualification experience in a manufacturing organization.
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• Experience in ERP-based costing and inventory modules is required.
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• Knowledge of Microsoft Dynamics AX 2009 (Axapta) is an advantage.
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Required Skills:

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• Strong knowledge of cost and inventory accounting.
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• ERP and inventory valuation expertise.
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• Good analytical and problem-solving skills.
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• Proficiency in Microsoft Excel and MIS reporting.
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• Understanding of manufacturing operations and production costing.
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• Strong communication skills and attention to detail.
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