Company Overview

Oswal Industries Limited (OIL) is a renowned manufacturer in the industrial machinery manufacturing sector, specializing in the production of valves. Located at India's largest single-location integrated manufacturing facility, OIL supports diverse sectors globally, including oil and gas, petrochemicals, power, and nuclear applications. Accredited with multiple certifying bodies, OIL takes pride in its in-house R&D services and testing facilities. Headquartered in Mumbai, Maharashtra, OIL serves as an industry leader with a strong focus on quality and innovation.

Job Overview

Oswal Industries Limited is seeking a Mid-Level Cost Accountant to join our team at our Ahmedabad location. This full-time position requires a dynamic individual with expertise in cost accounting and financial analysis to bolster our financial strategies and support our ongoing operations. The successful candidate will play a crucial role in managing cost functions, optimizing budgeting processes, and contributing to strategic financial decision-making.

Qualifications and Skills

• Financial Analysis (Mandatory skill): Expertise in analyzing financial data and providing actionable insights to improve overall financial health.
• Budgeting (Mandatory skill): Proficiency in preparing budgets and helping management in resource allocation to achieve organizational goals.
• Cost Management (Mandatory skill): Strong ability to identify, analyze, and manage areas of concern regarding costing to enhance profitability.
• Variance Analysis: Ability to perform analysis identifying deviations from budgets and suggest corrective measures.
• Inventory Valuation: Proficient in assessing the value of inventory held by the company to ensure accurate financial recording.
• Activity-Based Costing: Skilled in implementing ABC to allocate costs more accurately to products and services.
• Profitability Analysis: Strong ability to analyze business segments and provide insights on profitability to drive performance.
• Cost Control: Ability to monitor and control costs, identifying opportunities for cost reductions and efficiency improvements.

Roles and Responsibilities

• Conduct thorough financial analyses to aid management in strategic planning and decision-making.
• Prepare and manage comprehensive budgets ensuring financial discipline aligning with organizational goals.
• Monitor and control operational costs, identifying areas for cost-saving opportunities and efficiency improvements.
• Evaluate and enhance cost control systems, identifying discrepancies, and implementing corrective actions when necessary.
• Develop and maintain standardized cost accounting processes to improve operational workflow and data integrity.
• Perform regular variance analysis, evaluating discrepancies to guide financial decision-making processes.
• Assess and establish the cost structure for new products, including raw material, labor, and overhead costs.
• Collaborate with cross-functional teams to ensure comprehensive cost considerations are integrated into production and operational plans.