Job Description: AM - Cost and Inventory

Position Overview

We are seeking a highly skilled and detail-oriented Cost Accountant to manage and oversee cost and inventory accounting activities. The ideal candidate will have robust analytical skills, experience with ERP systems, and a solid understanding of costing concepts. This role requires collaboration across finance, supply chain, and IT teams to ensure accurate reporting, compliance with US GAAP, and support for business decision-making.

Key Responsibilities
- Handle cost and inventory activities, including PPV (purchase price variance), freight accruals, inventory reserves, capitalized variances, and absorption costing.
- Perform monthly close activities for COGS and inventory valuation; reconcile sub-ledger to general ledger and analyze/explain variances.
- Maintain item costing data, cost components (material, labor, and overhead), and related GL mappings; ensure accuracy and alignment with US GAAP and company internal policies.
- Manage costing methods for items (Standard Cost, Actual Cost,



Moving Average); configure cost rollups and variance tracking.
- Validate and cleanse master data (items, BOMs, routings, suppliers, primary data attributes) to ensure accurate cost and inventory reporting.
- Develop and maintain reports/dashboards on inventory health, gross margin by product, cost variances, turnover metrics, stockouts, and obsolescence.
- Conduct regular analysis of inventory valuation and cost components to identify opportunities for optimization and cost control.
- Support internal and external audits by providing data, explanations, and process narratives related to costing and inventory.
- Collaborate with IT/Analytics on data models, data quality initiatives, and BI/reporting requirements.
- Prepare balance sheet reconciliations related to inventory and cost accounts.
- Must be a team player and eager to learn.

Required Skills & Qualifications
- Experience with ERP systems (JD Edwards, SAP, Orac

📌 Deputy Manager | Record to Report | Pune | ETP as a Service/ Operate
🏢 Deloitte
📍 Pune