Head of Cost Accountant

Job Description

Title: Head of Cost Accountant

Company Name: Haque Group of Industries

Vacancy: 1

Age: 35 to 55 years

Job Location: Gazipur (Tongi)

Salary: Negotiable

Experience:

• 5 to 10 years
• The applicants should have experience in the following business area(s): Group of Companies

• Master of Business Studies (MBS) in Accounting
• Master of Business Studies (MBS) in Finance
• Master of Business Studies (MBS) in Management

• Master’s degree in Accounting, Finance, or Management
• Preferred professional qualifications: CMA / CA (Part-qualified) / ACCA / CIMA

• 5 to 10 years
• The applicants should have experience in the following business area(s): Group of Companies

• Age 35 to 55 years
• Only Male

• Experience:
  • Minimum 10–12 years of experience in cost accounting or factory finance in a Food/FMCG/Manufacturing industry
  • At least 5 years in a managerial/supervisory position overseeing multiple plants or cost teams
• Technical Skills:
  • Proficiency in ERP (SAP/Oracle/Tally Prime) and Advanced Excel
  • Strong analytical, numerical, and problem-solving skills
  • Knowledge of standard costing, variance analysis, and manufacturing cost systems
• Behavioral Competencies:
  • High attention to detail and accuracy
  • Strong leadership and people management ability
  • Cross-functional collaboration mindset
  • Integrity and commitment to financial transparency

Job Title: Head of Cost Accounting

Department: Finance & Accounts

Reports To: Chief Financial Officer (CFO) / Director – Finance

Location: Corporate Office (Tejgaon, Dhaka) with regular coordination with Factory Finance Teams

Industry: Food Manufacturing & FMCG

Position Summary:

The Head of Cost Accounting is responsible for leading the entire cost accounting function of the organization, ensuring accurate product costing, monitoring production and operational expenses, and providing management with insights for cost control and profitability improvement. This role bridges factory operations with financial strategy, ensuring that every product’s cost reflects real operational efficiency and resource utilization.

Key Responsibilities:

A. Costing & Product Profitability

• Oversee the development and maintenance of standard cost systems for all finished goods, semi-finished goods, and raw materials.
• Ensure accurate Bill of Materials (BOM), conversion cost, and overhead allocation across production lines.
• Conduct variance analysis between standard and actual costs (materials, labor, overheads) and recommend corrective actions.
• Lead cost reconciliation between production, inventory, and financial accounts.
• Monitor cost implications of process changes, recipe modifications, or packaging redesigns.
• Conduct SKU-wise profitability and margin analysis for management review.

B. Factory Cost Control & Monitoring

• Supervise cost data collection from factory operations (raw materials usage, wastage, rework, labor hours, machine efficiency, etc.).
• Coordinate with Production, Engineering, and Quality Control teams to ensure cost efficiency and resource optimization.
• Identify cost leakages and propose measures to improve manufacturing economics.
• Implement and monitor cost reduction initiatives at the factory level.

C. Cost Reporting & Analysis

• Prepare and present monthly and quarterly cost reports to management.
• Analyze cost trends for key input materials (flour, sugar, oil, packaging, etc.).
• Support pricing decisions by providing accurate and timely cost information.
• Maintain cost database and support management in long-term cost projections.

D. Budget Support & Financial Coordination

• Support the budgeting team by providing accurate cost data and forecasts for materials, utilities, and production overheads.
• Participate in annual budget preparation and assist in setting realistic production cost targets.
• Provide insights on cost behavior and break-even analysis.

E. Compliance, Control & Systems

• Ensure adherence to IAS 2 (Inventories) and relevant IFRS standards.
• Establish and maintain strong internal cost controls and documentation.
• Coordinate with Internal and External Auditors on cost verification.
• Drive ERP-based cost accounting system implementation and improvement (SAP / Oracle / Tally Prime / ERPNext).

F. Leadership & Team Development

• Lead and mentor the cost accounting team across corporate and factory levels.
• Build team capability in cost analysis, standard costing, and data interpretation.
• Foster collaboration with Production, Procurement, and Finance departments for integrated decision-making.

Key Deliverables:

• Monthly product cost sheets & variance reports
• Factory cost audit reports
• SKU-wise profitability analysis
• Material consumption and wastage reports
• Cost trends and benchmarking analysis

Working Relationships:

• Internal: CFO, Factory Accounts Teams, Procurement, Production, Supply Chain, Quality Control
• External: Auditors, Consultants, ERP Vendors

Compensation & Benefits: Attractive salary package aligned with industry benchmarks Performance-linked bonus/incentives Festival bonuses, provident fund, and gratuity Professional development and training opportunities