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Management Accountant

Management Accountant

ConfidentialThane
5 days ago
Job description

Designation : Management Accountant

Experience : 3 years and above

Location : Airoli, Navi Mumbai

Education : CMA (ICWA) or CA or ICWA Inter or CA Inter

Shift Timing :

  • 6 am to 3 pm (Home pickup provided)
  • 11 : 30 am to 8 : 30 pm (Home drop provided)
  • Work Mode : Work from office
  • Role : Individual contributor role

Candidates from Manufacturing Companies Only!!!

Job Profile :

  • Conducting monthly cost runs for inventory valuation, overhead allocations, and activity rate working.
  • Managing inventory valuation processes, ensuring accurate stock reporting, timely adjustments, and quarterly provisioning.
  • Preparing annual cost sheets and working on CAS-4 Certificates for inter-unit pricing to determine product and service costs.
  • Compiling various MIS reports for board meetings and management decision-making regarding project profitability and cost comparisons.
  • Conducting monthly analysis of sales vs. consumption bookings, identifying trends, and suggesting improvements in inventory management and procurement.
  • Supporting inventory control processes and assisting in audits related to cost and inventory reporting.
  • Processing import bill passing for inventory valuation of imported products and maintaining PO conditions.
  • Assisting in month-end and year-end closing activities, including GL reviews, preparation of provisions, and accrual entries.
  • Handling asset accounting in SAP, including acquisition to retirement processes, depreciation accounting, and monitoring of Capex proposals and CWIP.
  • Assisting in audit schedules for statutory, tax, and transfer pricing audits.

    • Key Responsibilities :

  • MIS Reporting
  • Prepare plant-level MIS reports with a focus on cost and profitability assessments.
  • Generate financial statements and quarterly reports for board-level review, supporting legal entity reporting and reconciliations.
  • Month-End Close & Reporting
  • Update and review cost accruals to ensure accurate financial reporting.
  • Accruals & Prepayments
  • Manage provisions, prepaid expenses, and accrual accounting to ensure compliance with financial standards.
  • Variance Analysis
  • Conduct analysis of actual results vs. budget / prior year across production volumes, variable and fixed costs, product mix, and variances.
  • Provide insights into site cost development with detailed variance analyses.
  • Budgeting & Financial Planning
  • Prepare short-term quarterly budgets for cost control and financial planning, supporting yearly budget preparation.
  • Productivity Monitoring
  • Analyze process orders and monitor plant productivity by comparing product composition with Bill of Materials (BOM).
  • Product Costing
  • Calculate and report standard variable costs for all SKUs, assess contribution mix for capacity utilization, and optimize profitability.
  • BOM Management
  • Advise on BOM changes by tracking actual vs. standard composition in collaboration with the laboratory team.
  • WIP Material Valuation
  • Review quarterly WIP (Work in Progress) material costs and update in ERP if variances arise.
  • Accounting Oversight
  • Ensure accurate financial transactions for the plant's profit center and post intercompany debit notes.
  • Cost Center Accounting
  • Manage cost center accounting, perform GL reconciliations, and post rectification entries for accurate financial reporting.
  • Asset Accounting
  • Handle Internal Order (IO) creation, CWIP management, and asset creation in SAP while ensuring compliance with internal policies.
  • Capex Monitoring
  • Track budget vs. actual Capex bookings, report budget overruns, update forecasts, and calculate payback periods for capacity improvement projects.
  • Inventory Management
  • Monitor high-value inventory consumption against procurement to identify and address anomalies.
  • Conduct inventory audits to reconcile physical stock with financial records.
  • Cost Savings & Impact Analysis
  • Prepare cost-saving reports, analyze the financial impact of technical projects, and identify cost optimization opportunities.
  • Production Data Validation
  • Monitor weekly production entries, align financial and production data, and validate data for HFM and intercompany transactions.
  • Profitability & KPI Analysis
  • Conduct product-wise profitability analysis, ratio analysis, and KPI assessments to support decision-making and improve capacity utilization.
  • ESG Reporting
  • Support ESG reporting at the divisional level by verifying data from multiple plants and contributing to fixed cost reduction initiatives.
  • Employee Claims & Cost Recovery
  • Process employee claims through SAP Concur and manage cost recovery / cross-charge entries for accurate financial records.
  • Savings Analysis
  • Develop reports comparing budgeted costs with actual savings from consultant recommendations, focusing on cost optimization.

    • Interested candidates can apply or share their CVs at [HIDDEN TEXT] or WhatsApp / Call at 6359743674

    Skills Required

    Asset Accounting, Budgeting, Inventory Management, Variance Analysis, Mis Reporting

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