Product & Process Costing

- Prepare and maintain standard costing for all products, including raw material, labour, and overhead cost components.

- Conduct periodic cost variance analysis (material, labour, and overhead) and report deviations to management with root-cause explanations.

- Work with Production and Quality teams to track scrap, rework, and rejection costs, and recommend cost-control measures.

- Support costing for current product development, tooling, and customer RFQs/quotations.

Inventory & Manufacturing Accounting

- Maintain accurate inventory valuation (raw material, WIP, finished goods) in line with costing policy and applicable accounting standards.

- Conduct periodic physical verification of inventory and reconcile it with book records; investigate and resolve discrepancies.

- Monitor and account for BOM (Bill of Materials) accuracy in coordination with Production Planning and Stores.

- Track machine/plant utilization and overhead absorption across cost centers.

Budgeting, MIS & Reporting

- Assist in preparing the annual manufacturing budget and periodic forecasts (material cost, conversion cost, overheads).

- Prepare monthly cost MIS reports, product-wise profitability statements, and cost trend analysis for management review.

- Support month-end and year-end closing activities related to cost of goods sold (COGS) and inventory accounting.

Compliance & Audit





- Ensure costing records and cost accounting policies comply with applicable statutory and Cost Audit requirements, where applicable.

- Coordinate with internal and statutory auditors for cost audits, providing schedules, reconciliations, and supporting data.

- Maintain proper documentation and an audit trail for all costing workings and adjustments.

Cross-Functional Coordination

- Liaise with Production, Purchase, Stores, and Quality departments to ensure accurate and timely cost data flow.

- Support pricing decisions by providing product-wise cost breakdowns to Sales and Management as required.

Qualifications & Experience

- Bachelor's degree in Commerce or Accounting; ICWA/CMA (Cost & Management Accountant) preferred or in progress.

- 3–5 years of relevant cost accounting experience, with mandatory exposure to a manufacturing environment (automotive, electrical, precision components, or similar preferred).

- Hands-on experience with standard costing, inventory valuation, and variance analysis in an ERP environment.

Skills & Competencies

- Strong working knowledge of cost accounting principles and manufacturing cost structures.

- Proficiency in ERP systems (e.g., Tally, SAP, or similar) and advanced MS Excel skills.

- Strong analytical ability, with attention to detail and accuracy.

- Good coordination and communication skills to work across Production, Purchase, and Finance functions.

- Ability to work independently, meet reporting deadlines, and manage multiple costing cycles simultaneously.

📌 Cost Accounting (Delhi)
🏢 One75mbhrm
📍 Delhi