Manager - Costing (Cost & Management Accountant)

1 day ago

Navi Mumbai, Maharashtra, India Nicheforge Full time ₹ 20,00,000 - ₹ 25,00,000 per year

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:
  • Bachelors 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).

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