Management Accountant - Manufacturing

Management Accountant - Manufacturing

The Cost Accountant is responsible for planning, analyzing, and reporting costs to improve profitability and operational efficiency. This role oversees product costing, inventory valuation, variance analysis, budgeting/forecasting, and supports pricing, cost control, and decision-making through accurate, timely financial insights.

Key Responsibilities

• Setup, Maintain and enhance cost accounting systems, policies, and procedures to ensure accurate product and service costing.
• Develop and update standard costs; perform BOM/routing reviews and cost rolls as needed.
• Compute and analyze COGS, manufacturing costs, and overhead absorption; reconcile cost to the general ledger.
• Perform monthly variance analysis (price, usage, mix, labour efficiency, overhead) and explain drivers to management.
• Prepare cost reports, margin analysis, and profitability by product, customer, and segment.
• Lead inventory accounting: valuation, obsolescence/slow-moving reserves, cycle count support, and stock reconciliations.
• Partner with Operations, Supply Chain, and FP&A to identify cost-saving opportunities and process improvements.
• Support annual budgeting and rolling forecasts for manufacturing costs, overheads, and inventory.
• Assist with pricing and quotations through cost build-ups and sensitivity/scenario analysis.
• Ensure compliance with accounting standards and company policies; support internal/external audits.
• Automate and streamline cost data collection, dashboards, and close processes.
• Prepare month-end journals related to inventory, variances, and overhead allocations; support timely close.

Qualifications

• Cost & Management Accountant (CMA/ICWA) with 0-3 years of experience in manufacturing
• Strong knowledge of standard costing, activity-based costing, variance analysis, and inventory accounting.
• Proficiency with ERP/MRP systems such as SAP B1 and advanced Excel; experience with BI/reporting tools is a plus.
• Excellent analytical, problem-solving, and communication skills.

Key Competencies

• Strong numerical and financial analysis ability.
• Eye for detail and accuracy.
• Ability to work under tight deadlines and multitask.
• Strong business acumen with a focus on efficiency and cost optimization.
• Team player with cross-functional collaboration skills.

Location

Legion Energy Products Pvt Ltd. Obadenahalli, Doddaballapura, Karnataka 561203.