Description:

Job Description: Cost & Management Accountant.

Position Title: Manager - Costing.

Department: Finance.

Location: Plant (Mahape).

Reports to: Director Finance.

Experience Required: 5-8 years (Manufacturing Industry experience mandatory).

Role Overview:

We are seeking a highly skilled and detail-oriented Cost & Management Accountant to join our manufacturing organization.

The role requires a professional with strong expertise in cost accounting, audit, budgeting & MIS, inventory management, and internal controls.

The incumbent will ensure accurate financial and costing information, provide insights for decision-making, strengthen governance, and drive cost optimization initiatives across the organization.

This is a dual-profile role, combining accounting responsibilities with cost & management accounting and internal control oversight.

Key Responsibilities:

Cost Analysis, Reporting & Control:

- Prepare product-wise cost sheets, job-work cost analysis, and BOM costing.

- Perform variance analysis (material, labor, overhead etc.) and present actionable insights.

- Prepare monthly costing Profit & Loss Account and product contribution margin analysis.

- Support management in pricing, investment evaluation, and make-vs-buy decisions.

- Drive cost reduction initiatives by monitoring key cost drivers and collaborating with vendors and operations.

Budgeting, MIS & Internal Controls:

- Prepare and monitor annual budgets, rolling forecasts, and profitability statements.

- Deliver accurate and timely MIS reporting, highlighting operational and financial performance against targets.

- Establish, monitor, and periodically test robust internal controls across costing, accounting, inventory, and plant operations.

- Design and implement control checklists, compliance monitoring tools, and audit-ready documentation.

- Proactively identify process gaps and risks, recommend corrective/preventive measures, and ensure strict adherence to SOPs and policies.

- Lead as the first line of defense against financial inaccuracies, leakages, and non-compliance by ensuring effective internal checks.

- Act as key liaison for internal audits, ensuring thorough resolution of audit observations and embedding stronger controls.

Inventory & Stock Management:

- Accurately value RM, WIP, and finished goods inventory in compliance with accounting and cost standards.

- Oversee monthly physical verification, stock reconciliations, and stock variance reports for management.

- Develop stock-related reports (plant stock statements, ageing reports, slow/non-movers, and inventory holding reports).

- Collaborate with procurement and operations for stock optimization, reduced carrying costs, and improved working capital utilization.

General Accounting & Compliance:

- Ensure timely recording of financial transactions as per Ind AS.

- Support monthly and annual book closures, reconciliations, and accurate reporting.

- Prepare and provide schedules for cost audits, statutory audits, ensuring compliance with all regulatory requirements.

- Continue strengthening financial governance through internal control frameworks.

Qualifications & Skills:

Educational Background:

- Bachelors Degree in Commerce/Accounting/Finance (B.Com / M.Com).

- Qualified Cost and Management Accountant (CMA) ICMAI or Chartered Accountant (CA).

Experience:

- 5-8 years in the manufacturing industry in costing, MIS, internal controls, and audit support.

Technical Skills:

- ERP systems (SAP preferred, costing & manufacturing module).

- MS Excel (advanced levelpivot, lookups, automation & AI tools).

- Knowledge of Ind AS, Cost Accounting Standards, Taxation, and Internal Control frameworks (IFC exposure preferred).

Skills:

- MIS, Budgeting and forecasting.

- Internal Controls.

- Financial compliances.

- ERP & Excel Proficiency.

- Analytical Capability.

- Cost accounting and audit.

- Inventory Accounting & Pricing Control.

- Inventory Management.