Sector
BFSI
Keyword

Cost Accountant Clerk

Cost Accountant Trainee

Minimum ? Bachelor of Commerce

At least 0-1 yearof experience

The tasks a Clerk,Cost Accounting is expected to perform include:

Assisting cost accountant in calculating production or operational cost

Preparing profit and loss statement

Receiving various records from different sections to study cost of material, labour charges, cost equipment used, etc.

Calculating cost per unit and for whole operation

Calculating total expenditure incurred, number of items produced, etc. to enable superior officers to fix selling price and profit and loss position of concerns

Presenting tabulated data in prescribed form or manner to superiors

Knowledge of Finance and costing Proficient in excel, presentation and report writing skills

Knowledge of Indirect Tax, FEMA and transfer pricing

Proficient in preparing profit and loss statement

Well-versed with various methods of preparing cost sheet

Knowledge of different nature of businesses

Well-versed with different methods of costing like marginal costing, standard costing, relevant costing, etc.Proficient in generating reports using different accounting software

/
Not Applicable

Curious Good communication skills

Leadership skills

Relationship building skills

Good mathematical skills

Team player

Self-motivated Confident and good presentation skills Problem solving ability

Analytical thinking

Practical and agile with change

Flexible

It is a desk job

Need not handle a team

Local travelling maybe a part of this job role

Part-time work and contractual jobs are available

Work from home option is not available

Working hours

Companies usually work for 5/6 days a week for 8/10 hourseveryday. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), Both Leg (BL), One Arm and One Leg (OAL), Muscular Weakness (MW) and those who are Hearing Impaired (HH)

This job is not listed as hazardous or dangerous under The Factories Act, 1948 (section 87)Occupational hazards include strain on eyes, cervical spondylosis and lumbar spondylosis, mental stress,etc.

For freshers - INR 12,000 to INR 15,000 per month

For candidates with 1-2 years of experience or more - INR 18,000 to INR 20,000 per month

(These figures are indicative and subject to change)

Current and Future Growth of BFSI Sector in IndiaThe BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 percent employees. PSBs are much ahead of Private Sector Banks in expanding overseas presence, accounting for over 90% of 171 overseas branches as of FY13.Banking credit is expected to grow at a CAGR of 17 percent during 2012-13 to 2016-17. The banking and NBFCs are expected to generate around 1.5 million new jobs between 2013?14 and 2016?17 on account of business expansion, retirement primarily in PSBs and entry of new banks in the private sector. The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. All these factors mean that there will be a huge demand of Cost Accounting Clerks across towns and cities in India.

Manufacturing firms across India

Charter Accounting firms across India

Towns and cities across India