ICICI Bank Recruitment 2023

We are seeking a skilled and detail-oriented Cost Accountant to join our team at ICICI Bank. As a Cost Accountant, you will be responsible for analyzing and evaluating financial data to ensure accurate cost calculations and efficient cost management. This role is ideal for individuals with strong analytical skills, a deep understanding of accounting principles, and a passion for cost optimization.

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Responsibilities:

• Analyze cost data and financial statements to identify cost drivers and trends.
• Monitor and evaluate cost variances, investigating any discrepancies or deviations from budgeted costs.
• Collaborate with relevant teams to develop and implement cost control measures.
• Provide insights and recommendations on cost-saving opportunities and process improvements.
• Prepare and analyze cost-related financial reports, ensuring accuracy and adherence to accounting standards.
• Monitor and maintain accurate cost accounting records, ensuring compliance with regulatory requirements.
• Assist in the preparation of financial statements and reports for internal and external stakeholders.
• Collaborate with auditors during financial audits, providing necessary cost-related documentation and explanations.
• Develop and maintain cost accounting systems and procedures to ensure accurate cost allocation.
• Review and enhance existing cost accounting processes, identifying opportunities for automation or streamlining.
• Collaborate with cross-functional teams to improve data accuracy and reliability in cost calculations.
• Participate in the evaluation and implementation of cost accounting software or tools.
• Provide training and guidance to team members on cost accounting principles and procedures.

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Requirements:

• Strong analytical and problem-solving skills.
• Proficiency in cost accounting principles and practices.
• Knowledge of financial accounting standards and regulations.
• Advanced proficiency in Microsoft Excel and other financial software.
• Attention to detail and ability to work with complex financial data.
• Excellent communication and presentation skills.
• Strong organizational and time management abilities.
• Ability to work independently and meet deadlines.
• Understanding banking operations and financial services is a plus.