Finance and Account - Costing (CMA)

Job Purpose (Summary / One – Line Description)

Support costing activities including product costing, variance analysis, and inventory valuation to ensure accurate financial reporting and cost control

Assist in providing cost insights to improve operational efficiency and support business decision-making.

Duties/Responsibilities/Activities:

Strategy & Planning

Support preparation of cost data and analysis for budgeting and forecasting exercises

Assist in evaluating cost structures and identifying opportunities for cost optimization

Provide inputs for pricing decisions based on cost analysis

Costing Policies & Procedures:

Ensure adherence to standard costing policies and procedures

Assist in maintaining documentation related to costing processes and methodologies

Support implementation and improvement of costing systems and processes

Costing Process Management:

Prepare and maintain product cost sheets and BOM (Bill of Materials) costing

Perform variance analysis (material, labor, overhead) and highlight key deviations

Assist in inventory valuation and reconciliation in coordination with stores and accounts team

Ensure accurate allocation of overheads and absorption costing

Support monthly closing activities related to costing and inventory.

MIS & Reporting:

Prepare periodic cost reports, dashboards, and analysis for management review

Track key cost drivers and provide actionable insights

Support preparation of standard vs actual cost comparisons

Audits & Compliance:

Assist in cost audits and statutory audits by providing required data and documentation

Ensure compliance with applicable accounting standards and internal controls

Support internal audit processes and address audit observations.

Continuous Improvement:

Identify process gaps and suggest improvements in costing systems and reporting

Support automation initiatives in costing and MIS reporting

Stay updated with costing techniques and industry best practices.

Coordination & Support:

Work closely with production, procurement, and stores teams for accurate cost data

Coordinate with finance team for reconciliation and reporting requirements

Support cross-functional teams with cost-related inputs and analysis

Qualification: • B.Com / M.Com with ICWA / CMA Cleared or CA with Costing Experience.

• MBA (Finance) – Preferred

Experience: 5-8 Years

Other Skillsets (Technical/Behavioral):

Function/ Technical

• Knowledge of costing methods (standard costing, marginal costing, absorption costing)

• Understanding of BOM, inventory valuation, and variance analysis

• Knowledge of accounting principles and cost audit requirements

• Hands-on experience with SAP- FICO System is must

• Strong analytical and numerical skills

• Proficiency in MS Excel.

Behavioral

•Attention to detail

• Analytical thinking

• Good communication and coordination skills

• Planning and organizing ability

• Team collaboration

Skills Required
Variance Analysis, Inventory Valuation, Accounting Principles, Ms Excel