Associate: Cost Controller

15 hours ago

Pune, Maharashtra, India Kalyani Forge Limited Full time ₹ 25,00,000 - ₹ 45,00,000 per year

Job Description – Associate: Cost Controller

Department: Finance_ Costing

Division: Corporate

Location:


• Corporate Office: Kharadi, Pune


• Plant: Koregaon Bhima

(Work location will depend on business requirements)

Position Summary

We are seeking a detail-oriented and analytical
Associate – Cost Controller
to support our Finance team in driving cost efficiency, financial accuracy, and operational performance. The role involves managing product costing, conducting cost audits, performing real-time data analysis, and ensuring accurate cost reporting across the business.

Education & Experience


• Qualification: CMA (Cost & Management Accountant)


• Experience: Minimum 2 years of relevant experience in Costing, Financial Planning, or Manufacturing Finance.

Key Duties & Responsibilities

1. Product Costing & Cost Management


• Perform product costing and ensure cost accuracy across all manufacturing stages.


• Establish and maintain Activity-Based Costing (ABC) models for improved cost transparency.


• Update and maintain standard costs in the Bill of Materials (BOM).


• Monitor, analyse, and report standard vs. actual costs, highlighting deviations and root causes.


• Assist in new product costing, cost impact analysis, and cost simulations.

2. Cost Audits & Compliance


• Conduct regular cost audits for all production units and ensure compliance with internal standards.


• Identify and communicate gaps in cost audits and drive corrective actions to ensure closure.


• Validate the Cost of Goods Sold (COGS) during month-end closing activities.


• Support statutory/internal audits with accurate cost-related data and documentation.

3. Inventory & Cost Controls


• Perform inventory audits at RM, WIP, and FG stages.


• Analyse inventory valuation and monitor inventory carrying costs.


• Ensure accurate stock reporting in coordination with Stores, Production & Planning teams.


• Support implementation of inventory optimization initiatives to reduce non-moving/slow-moving inventory.

4. Financial Analysis & Reporting


• Perform real-time data analysis to identify cost trends and operational inefficiencies.


• Prepare daily, weekly, and monthly cost variance reports for management review.


• Assist in preparation of cost budgets, forecasts, and cost-control strategies.


• Drive improvement in cost reporting systems and ensure data accuracy.

5. Cross-functional Collaboration


• Coordinate with Production, Supply Chain, Engineering, and Procurement teams to gather cost inputs.


• Support process improvement projects related to cost reduction, lean manufacturing, and operational excellence.


• Provide cost insights to senior management for strategic decision-making.

Additional Responsibilities


• Support development of costing policies, SOPs, and process documentation.


• Participate in implementation or enhancement of ERP systems for costing modules.


• Monitor and analyse overheads, machine-hour rates, and labour efficiency.


• Assist with benchmarking against industry cost standards.


• Contribute to CAPEX and OPEX analysis, ensuring alignment with budgets.

Key Skills Required


• Strong knowledge of costing principles, manufacturing processes, and financial reporting.


• Proficiency in Excel, data analysis tools, and ERP systems.


• Excellent analytical, problem-solving, and communication skills.


• Detail-oriented with the ability to work in a fast-paced, process-driven environment.

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