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Job Description

We are seeking an Assistant Manager - Costing & Management Accounting with a CMA Final qualification. This role is crucial for driving the annual business plan, ensuring cost optimization, providing timely financial reporting, and evaluating the financial viability of key investments and new business proposals.

Role & Responsibilities

- Drive the annual business plan process by collating inputs from various stakeholders, preparing, and finalizing the detailed business vertical-wise annual budget.
- Ensure budgetary adherence on all cost elements in the end-to-end manufacturing process and drive cost optimization initiatives.
- Ensure timely and accurate reporting of financials and other management reports with variance analysis to stakeholders.
- Evaluate Capex investment proposals in terms of budget adherence, payback period, net present value, etc., and monitor and report the variance in actual performance.
- Evaluate the financial viability of new business proposals in terms of payback, Net Present Value, and scenario analysis.
- Assess and mitigate financial risks, establish internal controls, prepare robust SOPs, and maintain compliance with relevant regulations and industry standards.
- Exercise overall control on inventory by periodic physical verification and reconciliation, optimizing and controlling inventory levels through defined KPIs, avoidance of Non-moving stock generation, ensuring FIFO's etc.
- Ensure timely completion of cost audit and other compliance/statutory requirements.
- Provide any other ad hoc reports or analysis required by management for critical decision-making.
- Involvement in organizational strategic planning.
- Support organizational developments.
- Leverage digital capabilities for innovative business solutions.
- Manage and develop staff.

Skills Required

- CMA Final qualification.
- Strong experience in budgeting and annual business planning.
- Proven ability to drive cost optimization and ensure budgetary adherence.
- Expertise in financial reporting, management accounting, and variance analysis.
- Proficiency in Capex evaluation (payback, NPV) and monitoring.
- Experience in assessing the financial viability of new business proposals.
- Knowledge of financial risk mitigation, internal controls, and SOP development.
- Strong understanding of inventory management and control (physical verification, KPIs, FIFO).
- Familiarity with cost audit and statutory compliance requirements.
- Ability to provide ad hoc financial analysis for strategic decisions.
- Involvement in strategic planning and organizational development.
- Adept at leveraging digital capabilities for financial solutions.
- Experience in staff management.

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