MIS Costing

Role & responsibilities

Costing Analysis & Control:

• Prepare and maintain standard cost sheets for products.
• Preparing Sale Order Costing & Profitability analysis on daily basis
• Responsible for books closure monthly/yearly by closely monitoring with internal stakeholders.
• Preparation of Costing Profit & Loss Account (PBT Level)
• Data collection & analysis and prepare Budgeting & Forecasting
• Preparation of DP Data (Stock reco for Banks).
• Track raw material, labor, overhead, and production costs.
• Analyze variance between actual vs. standard cost and highlight reasons for deviations.
• Work with production and procurement teams to ensure accurate cost inputs.
• New Product Costing as per Marketing Requirements
• Preparation of Various Cost & Other MIS (Payback calculations, variance analysis) as per Management Requirement.

MIS Reporting:

• Develop and maintain regular MIS dashboards and reports (daily, weekly, monthly) for management.
• Provide timely reports on production cost, inventory valuation, wastage, and efficiency metrics.
• Assist in budgeting, forecasting, and profitability analysis.
• Working with HO team for finalising the CWIP- Asset, Purchase, Consumption, Vendor clrearing, Customer clearing, Reconciliations, GRIR clearing

Inventory Management Support:

• Monitor consumption of materials and work-in-progress (WIP) valuation.
• Reconcile physical stock with system stock periodically and analyze discrepancies.

Process Improvement:

• Identify gaps in cost control processes and suggest improvements.
• Support ERP implementation or enhancements related to cost modules.

Compliance & Audit:

• Ensure accurate costing records in compliance with internal controls and statutory norms.
• Assist internal and statutory audits with relevant costing reports and analysis.

Preferred candidate profile

• Bachelors degree in Commerce, Finance, or relevant field;

  Cost Accountant (ICWA/CMA)

  preferred.
• Experience in costing/MIS roles, preferably in a manufacturing setup.
• Strong understanding of standard costing, variance analysis, and inventory accounting.
• Proficiency in MS Excel, ERP systems (SAP, Oracle, etc.), and BI tools.
• Good analytical and communication skills.
• Ability to work independently and meet strict deadlines.