The Manager, Cost Accounting will be based in Hyderabad, India . In this position, you will report to the MEIAT Controller. The Manager, Cost Accounting will be a key leader within Nextpower’s Corporate Controllership organization, supporting manufacturing cost accounting, inventory valuation, plant finance operations, financial controls, and cost analytics for solar tracker manufacturing operations. This role will partner closely with Operations, Supply Chain, FP&A;, Engineering, Procurement, and Global Finance teams to drive cost visibility, inventory accuracy, and operational efficiency. The Manager will be responsible for ensuring accurate standard costing, cost absorption, inventory valuation, variance analysis, excess and obsolete inventory analysis, and month-end close activities in compliance with company policies, internal controls, and applicable accounting standards.

We are looking for someone who demonstrates :

- Passionate drive to innovate and create
- Integrity to the core
- Enthusiastic customer focus
- Consistent interactive teamwork
- Desire for continuous improvement and top performance.

Here is a glimpse of what you will do : Cost Accounting, Inventory, and Manufacturing Finance

- Own day-to-day plant finance and cost accounting operations, including inventory accounting, manufacturing cost analysis, standard costing, inventory valuation, and cost of goods sold reporting.
- Lead month-end and quarter-end close activities related to inventory, cost accounting, manufacturing variances, cost absorption, reserves, and related balance sheet accounts.
- Monitor, analyze, and explain key manufacturing variances, including material price variance, usage variance, labor variance, overhead variance, yield variance, purchase price variance, freight, scrap, and cost absorption.




- Review and maintain standard costs, bill of material cost assumptions, routing assumptions, overhead rates, landed cost components, and inventory valuation methodologies.
- Partner with Operations and Supply Chain teams to assess production performance, yield trends, inventory movements, scrap, rework, cycle count results, and manufacturing efficiency.
- Support inventory controls, including cycle counts, physical inventory observations, inventory adjustments, slow-moving inventory reviews, and reconciliation of inventory subledger to general ledger.
- Lead excess and obsolete inventory analysis, including trend analysis, reserve calculations, risk assessment, aging analysis, and management reporting.
- Ensure accurate accounting treatment for inventory, cost capitalization, reserves, write-offs, purchase commitments, and other manufacturing-related accounting matters.
- Coordinate with internal and external auditors on inventory, costing, reserves, and manufacturing finance audit requirements.

Cost Analytics, KPI Reporting, and Business Insights

- Develop, enhance, and maintain recurring and ad hoc cost reports that highlight cost trends, operational variances, margin drivers, and cost optimization opportunities.
- Build analytical models to evaluate manufacturing cost performance, inventory turns, production yield, absorption rates, material cost trends, scrap, freight, labor productivity, and overhead utilization.




- Develop and track key performance indicators for plant finance and manufacturing operations, including inventory accuracy, production variances, cost per unit, yield, scrap, absorption, cycle count accuracy, E&O; exposure, and working capital efficiency.
- Translate cost accounting results into explicit business insights and recommendations for operational leaders and senior management.
- Support cost reduction initiatives by identifying drivers of unfavourable variances and partnering with cross-functional teams to implement corrective actions.
- Prepare dashboards, executive summaries, and management presentations that clearly communicate cost performance, risks, and opportunities.

Financial Modelling and Decision Support

- Build and maintain financial models to support manufacturing cost forecasts, inventory projections, cost optimization initiatives, and business case evaluations.
- Analyse cost impacts of changes in material pricing, supplier terms, freight rates, tariffs, production volume, labour assumptions, overhead rates, and manufacturing efficiency.
- Partner with FP&A; to support budget, forecast, and long-range planning processes for cost of goods sold, inventory, reserves, and plant operating expenses.
- Provide scenario analysis and sensitivity modelling to evaluate operational and financial outcomes under different production, sourcing, and cost assumptions.
- Support global finance projects by providing cost accounting expertise, analytical support, process documentation, and financial control recommendations.
- Assist in developing standardized reporting packages and analytical frameworks that can be scaled across global manufacturing and supply chain operations.

**Finan

📌 Manager, Cost Accounting (Hyderabad)
🏢 Nextpower
📍 Hyderabad