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-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 1. 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. 2. 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. 3. 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. 4. 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: - Bachelor’s 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 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