Accountant (Cost Control)

Overview

• Periodic closing and opening subsequent month Cost Management and Inventory modules.
• Overhead allocations and absorptions allocations on monthly basis.
• Allocation of joint cost through mass allocation. Prepare books closing JV though overhead allocation. Prepare working for absorption variance and pass necessary JV before month close.
• Monitoring of pending transaction for inventory organizations and closing all inventory organization. Clearing of various WIP accounts.
• Monitoring expenses booking and scrutiny of trial balance. Running COGS recognition program and monitoring WIP jobs valuation.
• Passing necessary accounting JVs for WIP and absorption variances.
• Preparation of monthly product cost sheet, process wise for DRI, steel making and rolling mill
• Preparing auxiliary product cost sheets for Lime, Dolo Lime, RBQ, etc
• Assist in collecting accurate and up-to-date product cost information for product prices.
• Advise / suggestion on cost centre creation
• To run fixed cost breakup for G&A and COGS, utility and overhead report, plant-wise depreciation report and fixed cost report by department and by GL account.
• Preparation of data pack for IQ reporting for quarterly reporting. Data for Ministry of Economics and Statistics, yearly.
• Data for producer price index and other external agencies.
• By product inventory details and its sales history for management reporting.
• Non-moving inventory item report and stock analysis report for leadership meetings.
• Create discoverer report as per business requirement.
• Daily running of create accounting for all inventory organizations and completing multi-period accounting. Check for stuck transactions and getting it cleared with help of IT. To check for any pending or uncosted transaction in the inventory module. Monthly Inventory/GL reconciliation (MAD Summary).
• Running “transfer general entries to GL – cost management program, “transfer Journal Entries to GL- receiving”. “Create Accounting Receiving”.
• Create absorption element as per need/required changes.
• Raw Material landed cost management in system.
• Overhead absorption rate update in the system
• Debit note / credit note implication workings particularly for oxide pellet and scrap purchases and its loading on the inventory carrying cost in the system.
• Inventory reconciliation, monthly reconciliation of inventory subledger balances with GL.
• Participate in physical stock verification process.
• Assist with data for dealing with the statutory auditors for Half yearly and Year end audits relating to inventory and product costing.
• Co-ordinate with the IT department for getting developed various reports for faster and correct reporting.
• Involve at the time of system upgrade.
• To work with IT for various automation processes
• Follow the HSE rules, regulations and procedures of the company, and report any HSE concerns and incidents to the responsible person