Cost Manager

Job DescriptionJob 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-orientedCost & Management Accountantto join our manufacturing organization. The role requires a professional with strong expertise incost 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 adual-profile role, combining accounting responsibilities with cost & management accounting and internal control oversight. Key Responsibilities 1. Cost Analysis, Reporting & Control Prepareproduct-wise cost sheets, job-work cost analysis, and BOM costing. Performvariance analysis(material, labor, overhead etc.) and present actionable insights. Prepare monthly costingProfit & Loss Accountand product contribution margin analysis. Support management inpricing, investment evaluation, and make-vs-buy decisions. Drive cost reduction initiatives by monitoring key cost drivers and collaborating with vendors and operations. 2. Budgeting, MIS & Internal Controls Prepare and monitorannual budgets, rolling forecasts, and profitability statements. Deliveraccurate and timely MIS reporting, highlighting operational and financial performance against targets. Establish, monitor, and periodically testrobust internal controls across costing, accounting, inventory, and plant operations. Design and implementcontrol checklists, compliance monitoring tools, and audit-ready documentation. Proactively identify process gaps and risks, recommend corrective/preventive measures, and ensurestrict adherence to SOPs and policies. Lead as thefirst line of defenseagainst financial inaccuracies, leakages, and non-compliance by ensuring effective internal checks. Act as key liaison forinternal audits, ensuring thorough resolution of audit observations and embedding stronger controls. 3. Inventory & Stock Management Accurately valueRM, WIP, and finished goods inventoryin compliance with accounting and cost standards. Overseemonthly physical verification, stock reconciliations, and stock variance reportsfor management. Develop stock-related reports (plant stock statements, ageing reports, slow/non-movers, and inventory holding reports). Collaborate with procurement and operations forstock optimization, reduced carrying costs, and improved working capital utilization. 4. General Accounting & Compliance Ensure timely recording offinancial transactionsas per Ind AS. Supportmonthly and annual book closures, reconciliations, and accurate reporting. Prepare and provide schedules forcost audits, statutory audits, ensuring compliance with all regulatory requirements. Continue strengtheningfinancial governance through internal control frameworks. Qualifications & Skills Educational Background: Bachelor’s Degree in Commerce/Accounting/Finance (B.Com / M.Com). QualifiedCost and Management Accountant (CMA) – ICMAIorChartered Accountant (CA) Experience: 5–8 years in themanufacturing industryin costing, MIS, internal controls, and audit support. Technical Skills: ERP systems (SAP preferred, costing & manufacturing module). MS Excel (advanced level—pivot, 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