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ideaForge - Cost Manager

ideaForge - Cost Manager

Ideaforge Technology Pvt. Ltd.Navi Mumbai, India
3 days ago
Job description

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 :

    Educational Background :

  • Bachelors Degree in Commerce / Accounting / Finance (B.Com / M.Com).
  • Qualified Cost and Management Accountant (CMA) ICMAI or Chartered Accountant 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 levelpivot, lookups, automation & AI tools).
  • Knowledge of Ind AS, Cost Accounting Standards, Taxation, and Internal Control frameworks (IFC exposure MIS, Budgeting and forecasting.
  • Internal Controls.
  • Financial compliances.
  • ERP & Excel Proficiency.
  • Analytical Capability.
  • Cost accounting and audit.
  • Inventory Accounting & Pricing Control.
  • Inventory Management.
  • (ref : iimjobs.com)

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    Cost Manager • Navi Mumbai, India

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