Job Description

Job Purpose (Summary / One – Line Description)

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► Support costing activities including product costing, variance analysis, and inventory valuation to ensure accurate financial reporting and cost control

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► Assist in providing cost insights to improve operational efficiency and support business decision-making.

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Duties/Responsibilities/Activities:

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Strategy & Planning

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► Support preparation of cost data and analysis for budgeting and forecasting exercises

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► Assist in evaluating cost structures and identifying opportunities for cost optimization

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► Provide inputs for pricing decisions based on cost analysis

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Costing Policies & Procedures:

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➤ Ensure adherence to standard costing policies and procedures

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➤ Assist in maintaining documentation related to costing processes and methodologies

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➤ Support implementation and improvement of costing systems and processes

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Costing Process Management:

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➤ Prepare and maintain product cost sheets and BOM (Bill of Materials) costing

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➤ Perform variance analysis (material, labor, overhead) and highlight key deviations

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➤ Assist in inventory valuation and reconciliation in coordination with stores and accounts team

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➤ Ensure accurate allocation of overheads and absorption costing

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➤ Support monthly closing activities related to costing and inventory.

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MIS & Reporting:

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➤ Prepare periodic cost reports, dashboards, and analysis for management review

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➤ Track key cost drivers and provide actionable insights

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➤ Support preparation of standard vs actual cost comparisons

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Audits & Compliance:

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➤ Assist in cost audits and statutory audits by providing required data and documentation

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➤ Ensure compliance with applicable accounting standards and internal controls

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➤ Support internal audit processes and address audit observations.

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Continuous Improvement:

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➤ Identify process gaps and suggest improvements in costing systems and reporting

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➤ Support automation initiatives in costing and MIS reporting

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➤ Stay updated with costing techniques and industry best practices.

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Coordination & Support:

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➤ Work closely with production, procurement, and stores teams for accurate cost data

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➤ Coordinate with finance team for reconciliation and reporting requirements

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➤ Support cross-functional teams with cost-related inputs and analysis

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Qualification: • B.Com / M.Com with ICWA / CMA Cleared or CA with Costing Experience.

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• MBA (Finance) – Preferred

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Experience: 5-8 Years

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Other Skillsets (Technical/Behavioral):

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Function/ Technical

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• Knowledge of costing methods (standard costing, marginal costing, absorption costing)

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• Understanding of BOM, inventory valuation, and variance analysis

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• Knowledge of accounting principles and cost audit requirements

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• Hands-on experience with SAP- FICO System is must

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• Strong analytical and numerical skills

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• Proficiency in MS Excel.

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Behavioral

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•Attention to detail

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• Analytical thinking

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• Positive communication and coordination skills

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• Planning and organizing ability

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• Team collaboration

📌 Finance and Account - Costing (CMA) (Pune)
🏢 Sudarshan Chemical Industries
📍 Pune