Cost Accountant

About Derewala Industries Ltd.:

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.

Location - Sitapura, Jaipur

Working Days - 6

Key Responsibilities:

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

Qualifications & Experience:

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

Required Skills:

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