Manager - Costing (Cost & Management Accountant)

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

• 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.
• 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.
• 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.
• 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

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Skills Required

Internal Controls, Ms Excel, Sap, Budgeting, Audit, Inventory Management, cost accounting standards , Mis, Ind As, Cost Accounting, Taxation