Cost Accountant & Inventory Controller

KEY RESPONSIBILITIES

• Cost Accounting & Product Costing

• Maintain and update standard costing for all products, including BOM and routing structures

• Perform cost roll-ups and periodic revisions based on raw material, labor, and overhead changes

• Analyze material, labor, overhead, and production variances with actionable insights

• Monitor PPV (Purchase Price Variance) and usage variances

• Support new product costing / tenders / pricing decisions

• Ensure accurate classification and absorption of manufacturing overheads

• Inventory Control & Governance

• Ensure accurate recording and valuation of Raw Materials, WIP, and Finished Goods

• Drive inventory reconciliation between ERP and physical stock on a periodic basis

• Ensure appropriate reconciliation between inventory sub-ledger and GL balances

• Monitor and report slow-moving, non-moving, and obsolete inventory

• Prepare and analyze inventory-related journal entries and reconciliations

• Ensure proper accounting and provisioning (e.g., LCM/NRV adjustments)

• Review and validate inventory ageing reports

• Support working capital optimization through inventory reduction initiatives

• Physical Inventory & Cycle Counts

• Design and oversee cycle count procedures and annual stock counts

• Investigate and resolve inventory discrepancies and shrinkage

• Ensure adherence to inventory count SOPs and documentation guidelines

• Coordinate with plant and auditors during physical verification exercises

• Financial Reporting & Closing

• Support month-end closing activities related to inventory and cost accounting

• Provide inputs for group reporting and MIS (inventory and cost metrics)

• Ensure compliance with accounting standards and internal policies

• Business Partnering & Operational Support

  • Work closely with plant operations, procurement, and supply chain teams
  • Provide insights on:
    • Cost reduction opportunities
    • Efficiency improvements
    • Inventory optimization
  • Drive initiatives for lean inventory and operational excellence
  • Ensure effective utilization of ERP systems for inventory and costing
  • Participate in ERP implementation / enhancements initiatives
  • Standardize and document inventory & costing processes across plants
  • Automate reports and improve data accuracy and reporting timeliness

CANDIDATE REQUIREMENTS

Knowledge Skills & Abilities

• Strong understanding of:

  • Standard costing
  • Inventory valuation
  • Variance analysis

• Proficiency in SAP and MS Office Tools is Additional

• Excellent analytical, problem-solving, and communication skills.

• High attention to detail and data accuracy

• Business partnering and stakeholder management

• Understanding of manufacturing processes

• Experience in multi-plant manufacturing setup

• Bias toward process improvement

• Self-organized, persistent, reliable and self-motivated individual

Education & Experience

• Cost Accountant / CMA / Equivalent Professional Qualification
• 5+ years of relevant experience in finance, cost accounting and inventory control in a manufacturing set up