Job Purpose (Summary / One – Line Description)

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

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

nn Duties/Responsibilities/Activities:

nn Strategy & Planning

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

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

n► Provide inputs for pricing decisions based on cost analysis

nn Costing Policies & Procedures:

n➤ Ensure adherence to standard costing policies and procedures

n➤ Assist in maintaining documentation related to costing processes and methodologies

n➤ Support implementation and improvement of costing systems and processes

nn Costing Process Management:

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

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

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

n➤ Ensure accurate allocation of overheads and absorption costing

n➤ Support monthly closing activities related to costing and inventory.

nn MIS & Reporting:

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

n➤ Track key cost drivers and provide actionable insights

n➤ Support preparation of standard vs actual cost comparisons

nn Audits & Compliance:





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

n➤ Ensure compliance with applicable accounting standards and internal controls

n➤ Support internal audit processes and address audit observations.

nn Continuous Improvement:

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

n➤ Support automation initiatives in costing and MIS reporting

n➤ Stay updated with costing techniques and industry best practices.

nn Coordination & Support:

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

n➤ Coordinate with finance team for reconciliation and reporting requirements

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

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

n• MBA (Finance) – Preferred

nn Experience: 5-8 Years

nn Other Skillsets (Technical/Behavioral):

n Function/ Technical

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

n• Understanding of BOM, inventory valuation, and variance analysis

n• Knowledge of accounting principles and cost audit requirements

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

n• Robust analytical and numerical skills

n• Proficiency in MS Excel.

nn Behavioral

n•Attention to detail

n• Analytical thinking

n• Good communication and coordination skills

n• Planning and organizing ability

n• Team collaboration

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