Cost Manager

Job Description

Job Description : Cost & Management Accountant

Position Title : Manager – Costing

Department : Finance

Location : Plant (Mahape)

Reports to : Director Finance

Experience Required :

5–8 years (Manufacturing Industry experience mandatory)

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 :

Bachelor’s 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).

Skills

MIS, Budgeting and forecasting

Internal Controls

Financial compliances

ERP & Excel Proficiency

Analytical Capability

Cost accounting and audit

Inventory Accounting & Pricing Control

Inventory Management