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

Work arrangement
No