Plant Finance / Plant Costing Executive

Location:
Ambernath, Maharashtra, 421506

Experience:
3–6 Years Qualification: Qualified CMA (ICMAI) – Mandatory Work Mode: 6 days WFO/ One Saturday off in a month Transportation Available Role Overview We are looking for a qualified CMA professional with 3–4 years of experience in Plant Finance, Manufacturing Costing, or Plant Controlling within a core manufacturing environment. The role involves managing factory P&L;, manufacturing costs, operational KPIs, budgeting, variance analysis, and plant financial performance while working closely with plant operations and leadership teams.

Key Responsibilities

- Prepare and maintain monthly Factory P&L;, ensuring accurate cost allocation, analysis, and financial closure.
- Monitor manufacturing costs, including fixed and variable costs, standard costing, absorption costing, and cost variances.
- Calculate and analyse plant hourly rates, identifying volume-driven and cost-driven deviations.
- Track plant operational KPIs, including efficiency, productivity, earned hours, and conversion cost per hour.
- Prepare plant budgets, rolling forecasts, monthly MIS reports, and actual vs. budget variance analysis.
- Monitor productivity improvement initiatives, cost-saving projects, and operational efficiency.
- Analyse manpower costs, headcount requirements, and productivity per employee.
- Review vendor rate contracts, cost benchmarks, and plant-related expenditures.




- Analyse PDSL (Promise Date Service Level) forecast vs. actual performance and identify gaps.
- Handle plant accounting activities in Oracle ERP, including journal entries, accruals, reconciliations, and cost centre mapping.
- Ensure compliance with Ind AS, Cost Accounting Standards (CAS), and internal financial controls. Must-Have Skills & Qualifications
- Qualified CMA (ICMAI) – Mandatory.
- 3–6 years of relevant experience in Plant Finance, Plant Costing, or Manufacturing Cost Controlling.
- Experience in a core manufacturing environment, preferably electrical equipment, heavy engineering, automotive, or process manufacturing.
- Strong knowledge of Factory P&L;, standard costing, absorption costing, and variance analysis.
- Hands-on experience with Oracle ERP (GL, Costing, and Inventory modules).
- Experience in plant budgeting, forecasting, cost analysis, and MIS reporting.
- Advanced Excel skills, including Pivot Tables, lookups, and financial dashboards.
- Good understanding of Ind AS and Cost Accounting Standards (CAS).
- Strong analytical, communication, and cross-functional coordination skills. Valuable to Have
- Experience with plant hourly rate calculations, earned hours, and conversion cost analysis.
- Exposure to productivity savings, CapEx tracking, and energy cost analysis.
- Experience working closely with manufacturing operations and continuous improvement teams.

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