JD of Executive / Sr. Executive - Raw Material Accounting

An Executive / Senior Executive - Raw Material Accounting manages the end-to-end financial tracking, valuation, and ledger reconciliation of incoming manufacturing inputs and inventory. Operating within the plant accounting or costing function, this role ensures all material receipts match procurement contracts, physical stocks align with books, and production consumption is accurately valued.

Job Summary
The Raw Material Accounting specialist oversees the accurate financial recording of direct materials, freight-in costs, and custom duties. The position coordinates closely with plant logistics, warehouse teams, procurement, and external auditors to prevent inventory leakage, manage variances, and optimize working capital.

Key Responsibilities
Material Receipt & Voucher Verification
Verify raw material invoices against Purchase Orders (POs) and Positive Receipt Notes (GRNs).
Account for landed costs, including ocean/air freight, custom duties, handling fees, and insurance.




Resolve pricing disputes and quantity discrepancies by coordinating directly with procurement and vendors.
Process debit notes for material rejections, short supplies, or quality deviations.
Inventory Valuation & Ledger Management
Maintain inventory sub-ledgers in ERP systems, ensuring adherence to valuation methods like FIFO or Weighted Average.
Book consumption entries based on Bill of Materials (BOM) and production batch records.
Monitor Goods Receipt/Invoice Receipt (GR/IR) clearing accounts to ensure unbilled items are resolved monthly.
Track Yield-Loss variances and report significant gaps between standard costing and actual consumption.
Stock Audits & Reconciliation
Lead physical stock-taking exercises (weekly, monthly, or annual cycle counts) at plant warehouses.
Reconcile physical inventory reports against ERP book balances and investigate variances.
Identify slow-moving, non-moving, or obsolete raw materials and propose financial p

📌 Executive / Sr. Executive - Raw Material Accounting (Kolkata)
🏢 SHYAM METALICS AND ENERGY
📍 Kolkata