Head of Manufacturing Cost Accounting
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About This Role
Head of Manufacturing Cost Accounting
- Reports To
Job Summary
The Head of Manufacturing Cost Accounting is responsible for leading and managing all cost accounting activities related to manufacturing operations.
The role ensures accurate product costing, inventory valuation, cost control, budgeting, variance analysis, and financial reporting to support strategic decision-making and operational efficiency across manufacturing facilities.
Key Responsibilities
- Lead and manage the manufacturing cost accounting function across all production units.
- Develop and maintain standard costing systems for raw materials, labor, and overheads.
- Analyze manufacturing costs and prepare periodic variance analysis reports.
- Monitor production expenses and identify opportunities for cost reduction and process improvement.
- Ensure accurate inventory valuation, stock reconciliation, and cost allocation.
- Collaborate with production, procurement, supply chain, and operations teams to improve cost efficiency.
- Prepare monthly manufacturing MIS reports and financial analysis for management review.
- Support annual budgeting, forecasting, and financial planning activities for manufacturing operations.
- Review BOMs (Bill of Materials), routing, labor rates, and overhead absorption methods.
- Ensure compliance with accounting standards, internal controls, and company policies.
- Lead plant finance reviews and support operational KPI tracking.
- Coordinate with auditors during internal and external audits.
- Drive ERP cost module optimization and automation initiatives.
- Manage and mentor the cost accounting team to ensure high performance and professional development.
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