Head - Cost Accountant - Diamond & Jewellery Business - CA/ICWA/CMA

We're Hiring: Head Cost Accountant - Mumbai

Position: Head - Cost Accountant

Location: Mumbai

Department: Finance

Reporting To: CFO

Role Overview:

We are looking for an experienced Head Cost Accountant to lead costing, inventory valuation, pricing strategy, and profitability analysis across the Diamond & Jewellery business. The role requires driving end-to-end cost optimization, manufacturing cost control, pricing governance, and financial reporting while partnering closely with operations, sales, procurement, and finance teams.

Key Responsibilities:

Costing & Profitability:

- Develop and implement cost accounting frameworks.

- Analyze product-wise, customer-wise, and geography-wise profitability.

- Monitor standard vs. actual costs and recommend corrective actions.

- Identify cost-saving and margin improvement opportunities.

Manufacturing Cost Control:

- Monitor raw material, labour, overhead, and manufacturing costs.

- Analyze yield, recovery ratios, and production efficiencies.

- Track SKU-wise manufacturing costs and identify cost variances.

Inventory Valuation:

- Ensure accurate valuation of raw materials, WIP, finished goods, and inventory.

- Monitor stock movement, inventory ageing, and slow-moving inventory.

- Coordinate inventory reconciliation and physical verification.

Budgeting & Cost Planning:

- Prepare manufacturing budgets and cost forecasts.

- Monitor budget vs. actual performance.

- Support strategic cost planning and profitability initiatives.

Pricing Strategy:

- Develop pricing models based on cost, demand, inventory ageing, and market trends.

- Manage pricing structures, discount policies, and approval mechanisms.

- Partner with Sales for pricing decisions and margin optimization.

Financial Reporting & MIS:

- Prepare costing reports and MIS dashboards.

- Support audits related to costing and inventory valuation.

- Deliver profitability insights for management decision-making.

Process Improvement:

- Improve costing systems and automate processes.

- Develop analytical dashboards for cost monitoring.

- Drive continuous improvement initiatives.

Key Skills:

- Strong knowledge of Cost Accounting & Manufacturing Costing.

- Inventory Valuation & Yield Analysis.

- Budgeting & Financial Planning.

- Pricing Strategy & Cost Optimization.

- SAP/ERP Systems & MIS Reporting.

- Financial Analysis & Business Partnering.

- Strong analytical and leadership skills.

Qualifications:

- CA / ICWA (CMA) or equivalent qualification.

- 10-15 years of experience in Cost Accounting or Financial Control.

- Experience in Diamond, Jewellery, or Manufacturing Industry is preferred.