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4 days left
Employer remal
Location Mumbai
Posted Apr 15, 2026
Closes Apr 30, 2026
Ref 5699704880
Role Accountant / Management Accountant
Level Staff, Senior
Certification CMA: Preferred
Work Mode Work from office
Hours Full Time
Organization Type Corporate
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Job Overview
The Senior Cost Accountant will oversee all cost accounting activities within a metal manufacturing environment. This role is responsible for analyzing production costs, maintaining accurate cost structures, monitoring material and process efficiencies, and supporting strategic decision-making. The position plays a critical part in optimizing yields, controlling variances, and ensuring the integrity of cost and inventory data across operations.
Key Responsibilities
Costing & Analysis
- Maintain and update cost structures for raw materials, WIP, and finished goods within the SAP system.
- Conduct detailed cost analysis of production processes including furnace operations, scrap management, melting loss, machine-hour utilization, fabrication, and consumables usage.
- Perform standard costing, cost roll-ups, and implement standard revisions based on BOM/routing changes.
- Analyze material, labour, and overhead variances and provide root-cause insights with corrective action recommendations.
Inventory & Valuation
- Track and review inventory valuation for RM, SFG, FG, scrap, rejects, and rework items.
- Coordinate with Production, Purchase, and Stores teams to ensure stock accuracy, cycle counts, and physical verification.
Reporting & Controls
- Prepare monthly cost reports, budget vs. actual analysis, and other MIS reports for management.
- Support capital expenditure evaluations and plant-wide cost reduction initiatives.
- Ensure compliance with accounting standards, internal controls, and audit requirements.
- Identify areas of wastage and drive cost-saving opportunities across the plant.
New Product Development
- Conduct cost estimation, quotation preparation, and price simulations for new product development.
Skills & Competencies
- Strong knowledge of metal manufacturing cost accounting, inventory management, and costing methodologies.
- Proficiency in SAP (manufacturing modules preferred).
- Excellent analytical skills and financial modeling capability.
- Advanced Microsoft Excel skills; experience in reporting/BI tools is an advantage.
- Effective communication and strong cross-functional collaboration ability.
Qualifications
- Graduate/Postgraduate in Commerce, MBA (Finance), or CMA (Inter/Final preferred).
- 5-8 years of experience in cost accounting within metal manufacturing industries (Steel, Foundry, Aluminium, Machining, Forging, etc.).
Key Performance Indicators (KPIs)
- Accuracy of process and product costing.
- Reduction in cost variances and achievement of cost optimization targets.
- Inventory accuracy and scrap control effectiveness.
- Timely submission of monthly MIS and adherence to audit requirements.
Work Environment
- Plant-based role with close coordination across production and supply chain teams.
- Requires regular floor audits, physical verification, and hands-on engagement with operations.
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