Cost Accountant

2 weeks ago


Bengaluru East Karnataka, India Armstrong Fluid Technology Full time ₹ 5,00,000 - ₹ 12,00,000 per year

Imagine working at the forefront of innovation in fluid-flow technology, with over 1400 colleagues across the globe, and contributing to a legacy of excellence that spans eight manufacturing facilities on four continents. Armstrong Fluid Technology is more than just a leader in our industry; we are a community of the brightest and most creative minds, driven by a shared mission to engineer the future and safeguard our planet.

As a member of our team, you'll dive into an environment that encourages learning and boundary-pushing every day. You'll be part of an agile and dynamic workplace where today's solutions are built for tomorrow's challenges.

Key Accountabilities

[Financial Reporting]

  • Prepare various inventory reports for Balance Sheet reconciliations
  • Prepare operation executive summary package, i.e. margin, variance analysis, work with business partners to identify root cause and action plans
  • Prepare operation variance reports on bi-weekly basis
  • Participate in generating and validating Costing and Inventory related INFOR and PowerBi reports dashboard and KPIs for operation performance review
  • Participate in prepare annual budget and forecasts

[Month-end Activities]

  • Prepare inventory reconciliations and adjustment when needed
  • Prepare inventory provision, accrual, GIT journal entries in INFOR system at the month-end
  • Assist in the consolidation process to produce accurate and compliant financial statements for the entire corporation.

[Cost rolls]

  • Perform ad-hoc cost rolls with reasonability check
  • Participate in Quarterly cost rolls, work with business partner to validate the updates of cost
  • components in BOM and routings and their corresponding rates
  • Review standard costs and MAUC costs on regularly basis for reasonability, work with internal business partners for correct item master data, BOMs and routings

[Process Improvements]

  • Identify opportunities to improve efficiency and accuracy in intercompany accounting processes.
  • Implementing best practices and automated solutions to streamline intercompany transactions and reconciliations

[Work with Business Partners]

  • Work closely with IT team in troubleshooting INFOR system issues
  • Support PEG team in project revenue and COGS recognitions
  • Support other cost accountants in all aspects of costing and inventory matters
  • Maintain and develop strong working relationships with internal business partners for effective collaboration and achieving organizational goals
  • Provide support during external audits by preparing requested documentation and explanations related to intercompany transactions and reconciliations

What We're Looking For

To thrive in this role, you should bring:

  • University Degree or equivalent in accounting, finance, or a related field is typically required
  • Currently holding a CMA or other equivalent designation (CMA, CPA, etc.) is required
  • 3 - 5 years' experience working with engineering, manufacturing and distribution operations in an industrial environment is required
  • Working knowledge of standard costing and production variances
  • Proficiency in Microsoft Excel and accounting software, INFOR as an asset
  • Strong analytical and data gathering skills
  • A self-starter attitude with the ability to work independently
  • Attention to detail, strong time management, organization skills and accuracy
  • An ability to communicate openly and authentically in all situations

Why Armstrong Fluid Technology?

By joining us, you'll become part of a global community dedicated to pushing the boundaries of fluid-flow technology. You'll have endless opportunities to learn, grow, and make a significant impact on the world. Together, we'll build tomorrow's solutions today.



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