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