KEY RESPONSIBILITIES

- Cost Accounting &
- Product Costing

- Maintain and update standard costing for all products, including BOM and routing structures

- Perform cost roll-ups and periodic revisions based on raw material, labor, and overhead changes

- Analyze material, labor, overhead, and production variances with actionable insights

- Monitor PPV (Purchase Price Variance) and usage variances

- Support recent product costing / tenders / pricing decisions

- Ensure accurate classification and absorption of manufacturing overheads

- Inventory Control &
- Governance

- Ensure accurate recording and valuation of Raw Materials, WIP, and Finished Goods

- Drive inventory reconciliation between ERP and physical stock on a periodic basis

- Ensure appropriate reconciliation between inventory sub-ledger and GL balances

- Monitor and report slow-moving, non-moving, and obsolete inventory

- Prepare and analyze inventory-related journal entries and reconciliations

- Ensure proper accounting and provisioning (e.g., LCM/NRV adjustments)

- Review and validate inventory ageing reports

- Support working capital optimization through inventory reduction initiatives

- Physical Inventory &
- Cycle Counts

- Design and oversee cycle count procedures and annual stock counts

- Investigate and resolve inventory discrepancies and shrinkage

- Ensure adherence to inventory count SOPs and documentation guidelines

- Coordinate with plant and auditors during physical verification exercises

- Financial Reporting &
- Closing





- Support month-end closing activities related to inventory and cost accounting

- Provide inputs for group reporting and MIS (inventory and cost metrics)

- Ensure compliance with accounting standards and internal policies

- Business Partnering &
- Operational Support

- Work closely with plant operations, procurement, and supply chain teams

- Provide insights on

- Cost reduction opportunities

- Efficiency improvements

- Inventory optimization

- Drive initiatives for lean inventory and operational excellence

- Ensure effective utilization of ERP systems for inventory and costing

- Participate in ERP implementation / enhancements initiatives

- Standardize and document inventory & costing processes across plants

- Automate reports and improve data accuracy and reporting timeliness

CANDIDATE REQUIREMENTS

Knowledge Skills &

- Abilities

- Strong understanding of

- Standard costing

- Inventory valuation

- Variance analysis

- Proficiency in SAP and MS Office Tools is Additional

- Excellent analytical, problem-solving, and communication skills.

- High attention to detail and data accuracy

- Business partnering and stakeholder management

- Understanding of manufacturing processes

- Experience in multi-plant manufacturing setup

- Bias toward process improvement

- Self-organized, persistent, reliable and self-motivated individual

Education &

- Experience

- Cost Accountant / CMA / Equivalent Professional Qualification

- 5+ years of relevant experience in finance, cost accounting and inventory control in a manufacturing set up

📌 Cost Accountant & Inventory Controller (Gujarat)
🏢 CIRCOR Aerospace u0026 Defence
📍 Gujarat