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 operatio