Cost Manager

Job Description

Position Title:

Department:

Location:

Reports to:

Experience Required:

Role Overview

Cost & Management Accountant

dual-profile role

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:

• 58 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 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