Assistant Manager - Finance & Accounts

ROLES & RESPONSIBILITIES

Cost Accounting Responsibilities:

• Maintain and update standard cost structures for products and materials.
• Analyse manufacturing and operational costs, identifying variances and recommending corrective actions.
• Prepare detailed cost reports for management, including margin analysis, overhead allocation, and cost trends.
• Support internal and external audits with cost-related documentation.
• Implement cost-saving initiatives by working closely with production and supply chain teams.

Inventory Valuation Responsibilities:

• Perform monthly, quarterly, and annual inventory valuations in accordance with accounting standards.
• Review and reconcile inventory balances between physical stock, warehouse records, and ERP systems.
• Monitor inventory movements, including issues, transfers, adjustments, and scrap.
• Ensure accurate valuation methods (FIFO, weighted average, standard cost) are applied consistently.
• Investigate inventory discrepancies and coordinate corrective actions with warehouse and production.
• Analyse slow-moving, obsolete, or excess inventory and prepare aging reports.
• Prepare inventory-related journal entries and support month-end closing.

Key Skills & Competencies:

• Strong understanding of cost accounting principles and practices.
• Proficiency in ERP systems such as SAP.
• Advanced Excel skills (pivot tables, lookups, power query preferred).
• Strong analytical and problem-solving abilities.
• Knowledge of inventory management and valuation methodologies.
• Accuracy, attention to detail, and strong control mentality.
• Ability to communicate cost insights to non-finance stakeholders.

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional certification – CMA (Qualified / Semi Qualified)
• 4–5 years of experience in cost accounting, preferably within manufacturing or supply chain environments.
• Experience with inventory accounting or cost analysis is required.