Cost Manager

Job 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-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