Cost Manager

Job DescriptionJob Description: Cost & Management AccountantPosition Title: Manager – CostingDepartment: FinanceLocation: Plant (Mahape)Reports to: Director FinanceExperience Required: 5–8 years (Manufacturing Industry experience mandatory) Role OverviewWe 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 Responsibilities1. Cost Analysis, Reporting & ControlPrepare 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 ControlsPrepare 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 ManagementAccurately 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 & ComplianceEnsure 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 & SkillsEducational 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).SkillsMIS, Budgeting and forecastingInternal ControlsFinancial compliancesERP & Excel ProficiencyAnalytical CapabilityCost accounting and auditInventory Accounting & Pricing ControlInventory Management