Associate: Cost Controller

Department: Finance_ Costing

Division: Corporate

Location:

• Corporate Office: Kharadi, Pune

• Plant: Koregaon Bhima

(Work location will depend on business requirements)

Position Summary

Associate – Cost Controller

Education & Experience

• Qualification: CMA (Cost & Management Accountant)

• Experience: Minimum 2 years of relevant experience in Costing, Financial Planning, or Manufacturing Finance.

Key Duties & Responsibilities

1. Product Costing & Cost Management

• Perform product costing and ensure cost accuracy across all manufacturing stages.

• Establish and maintain Activity-Based Costing (ABC) models for improved cost transparency.

• Update and maintain standard costs in the Bill of Materials (BOM).

• Monitor, analyse, and report standard vs. actual costs, highlighting deviations and root causes.

• Assist in new product costing, cost impact analysis, and cost simulations.

2. Cost Audits & Compliance

• Conduct regular cost audits for all production units and ensure compliance with internal standards.

• Identify and communicate gaps in cost audits and drive corrective actions to ensure closure.

• Validate the Cost of Goods Sold (COGS) during month-end closing activities.

• Support statutory/internal audits with accurate cost-related data and documentation.

3. Inventory & Cost Controls

• Perform inventory audits at RM, WIP, and FG stages.

• Analyse inventory valuation and monitor inventory carrying costs.

• Ensure accurate stock reporting in coordination with Stores, Production & Planning teams.

• Support implementation of inventory optimization initiatives to reduce non-moving/slow-moving inventory.

4. Financial Analysis & Reporting

• Perform real-time data analysis to identify cost trends and operational inefficiencies.

• Prepare daily, weekly, and monthly cost variance reports for management review.

• Assist in preparation of cost budgets, forecasts, and cost-control strategies.

• Drive improvement in cost reporting systems and ensure data accuracy.

5. Cross-functional Collaboration

• Coordinate with Production, Supply Chain, Engineering, and Procurement teams to gather cost inputs.

• Support process improvement projects related to cost reduction, lean manufacturing, and operational excellence.

• Provide cost insights to senior management for strategic decision-making.

Additional Responsibilities

• Support development of costing policies, SOPs, and process documentation.

• Participate in implementation or enhancement of ERP systems for costing modules.

• Monitor and analyse overheads, machine-hour rates, and labour efficiency.

• Assist with benchmarking against industry cost standards.

• Contribute to CAPEX and OPEX analysis, ensuring alignment with budgets.

Key Skills Required

• Strong knowledge of costing principles, manufacturing processes, and financial reporting.

• Proficiency in Excel, data analysis tools, and ERP systems.

• Excellent analytical, problem-solving, and communication skills.

• Detail-oriented with the ability to work in a fast-paced, process-driven environment.