Finance and Account - Costing (CMA)

Job Purpose (Summary / One – Line Description) ► Support costing activities including product costing, variance analysis, and inventory valuation to ensure accurate financial reporting and cost control ► Assist in providing cost insights to improve operational efficiency and support business decision-making. Duties/Responsibilities/Activities: Strategy & Planning ► Support preparation of cost data and analysis for budgeting and forecasting exercises ► Assist in evaluating cost structures and identifying opportunities for cost optimization ► Provide inputs for pricing decisions based on cost analysis Costing Policies & Procedures: ➤ Ensure adherence to standard costing policies and procedures ➤ Assist in maintaining documentation related to costing processes and methodologies ➤ Support implementation and improvement of costing systems and processes Costing Process Management: ➤ Prepare and maintain product cost sheets and BOM (Bill of Materials) costing ➤ Perform variance analysis (material, labor, overhead) and highlight key deviations ➤ Assist in inventory valuation and reconciliation in coordination with stores and accounts team ➤ Ensure accurate allocation of overheads and absorption costing ➤ Support monthly closing activities related to costing and inventory. MIS & Reporting: ➤ Prepare periodic cost reports, dashboards, and analysis for management review ➤ Track key cost drivers and provide actionable insights ➤ Support preparation of standard vs actual cost comparisons Audits & Compliance: ➤ Assist in cost audits and statutory audits by providing required data and documentation ➤ Ensure compliance with applicable accounting standards and internal controls ➤ Support internal audit processes and address audit observations. Continuous Improvement: ➤ Identify process gaps and suggest improvements in costing systems and reporting ➤ Support automation initiatives in costing and MIS reporting ➤ Stay updated with costing techniques and industry best practices. Coordination & Support: ➤ Work closely with production, procurement, and stores teams for accurate cost data ➤ Coordinate with finance team for reconciliation and reporting requirements ➤ Support cross-functional teams with cost-related inputs and analysis Qualification: • B.Com / M.Com with ICWA / CMA Cleared or CA with Costing Experience. • MBA (Finance) – Preferred Experience: 5-8 Years Other Skillsets (Technical/Behavioral): Function/ Technical • Knowledge of costing methods (standard costing, marginal costing, absorption costing) • Understanding of BOM, inventory valuation, and variance analysis • Knowledge of accounting principles and cost audit requirements • Hands-on experience with SAP- FICO System is must • Strong analytical and numerical skills • Proficiency in MS Excel. Behavioral •Attention to detail • Analytical thinking • Good communication and coordination skills • Planning and organizing ability • Team collaboration