Cost Accountant- F & B

Job Description – Cost Accountant

Department Finance \& Accounts

Reporting To Finance Manager / Head of Finance

Job Summary:

The Cost Accountant is responsible for preparing product costs, analysing production expenses, monitoring inventory values, and supporting cost-control activities across the company’s Spices, RTC, Trading, and other business divisions.

Key Responsibilities

• Prepare and update product cost sheets.
• Calculate raw material, packaging, labour, production, and overhead costs.
• Review product recipes, bills of materials, and production consumption.
• Analyse actual costs against standard costs.
• Identify material, production, wastage, and purchase price variances.
• Monitor raw materials, packaging materials, work-in-progress, and finished goods inventory.
• Reconcile physical stock with ERP and accounting records.
• Prepare product-wise profitability and gross-margin reports.
• Support management in product pricing and cost-control decisions.
• Coordinate with Production, Procurement, Warehouse, Sales, and Finance teams.
• Review production losses, damages, expiries, and stock adjustments.
• Support monthly closing, budgeting, forecasting, and audit requirements.
• Maintain accurate costing data in the ERP system.
• Recommend measures to reduce costs and improve operational efficiency.

Qualification

• CMA, ACCA, or a similar qualification will be an advantage. Experience
• Minimum 2–4 years of experience in cost accounting.
• Experience in FMCG, food manufacturing, spices, or ready-to-cook products is preferred.
• Experience in ERP systems and Microsoft Excel is required. Required Skills
• Good knowledge of product costing and inventory accounting.
• Strong analytical and numerical skills.
• Good attention to detail.
• Ability to prepare accurate reports within deadlines.
• Good communication and coordination skills.
• Knowledge of manufacturing and warehouse operations.