Executive, Cost Accounting

Amneal Pharmaceuticals · Ahmedabad

Description:

Responsible for executing cost accounting processes and financial analysis activities to ensure accurate monitoring of product costs, operational expenses, and financial performance. The role manages maintenance of cost accounting records, cost allocation procedures, and analysis of production and operational costs, ensuring compliance with accounting standards and internal financial policies. It supports preparation of cost reports, variance analysis, and financial insights to assist budgeting and operational decision-making. The position contributes to recording accounting transactions, maintaining ledger accounts, and reconciling cost-related financial data, ensuring reliability of financial reporting. It also collaborates with finance and operational teams to strengthen cost control practices, financial transparency, and reporting accuracy.

Essential Functions:

Execute assigned cost accounting activities and procedures
Prepare cost statements, schedules, and reconciliations
Support budgeting and forecasting for manufacturing and support cost centres
Record and analyze cost accounting transactions in ERP systems
Assist in period close management for cost-related accounts
Track and analyze cost variances and operational deviations
Support cost management & optimization initiatives
Maintain accurate cost data and documentation
Assist in audit preparation and compliance reviews
Coordinate with operations and finance teams on cost reporting requirements

Additional Responsibilities:

1 Inventory Accounting & Analysis Provide support for month-end inventory closing activities. Prepare and analyze plant-wise inventory reports including: Expired, Near Expired, Slow moving & Non Moving Support in inventory reconciliations and inventory valuation activities. Assist in monitoring inventory provisions and write-off requirements. Provide DN/CN working for auditors as part of Statutory Audit Handling & Controlling Cycle count activities in co-ordination with Plant Production & warehouse team 2 Manufacturing Cost Control Review manufacturing work orders on a weekly basis. Analyze material consumption against standard BOM and analyse variances. Monitor production yields and process losses. Support in calculattion of manufacturing variance analysis and reporting. 3 Product Costing Prepare cost estimates for new products and R&D products. Assist in preparation and maintenance of product cost sheets. 4 Budgeting & LE Activities Assist in preparation of Annual Budge

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