Assistant Manager - Management Accountant

Designation

Assistant Manager Cost Accountant

Work Location

Ahmedabad, Noida, Mumbai - Hybrid

Reports to

Manager

Department

F&A

Position Overview

The Cost Accountant is responsible for analyzing, controlling, and reporting product and operational costs across the business. The role supports management decision-making through cost analysis, budgeting, variance reporting, inventory valuation, and profitability assessments. The incumbent will work closely with operations, manufacturing, procurement, and finance teams to ensure accurate costing information and identify opportunities for cost optimization and operational efficiency.

Essential Duties and Responsibilities

Cost Accounting & Analysis

• Plan, collect, and analyze cost data relating to raw materials, labor, inventory, overheads, and manufacturing activities.
• Maintain accurate standard costing models and ensure periodic review and updates.
• Analyze production and operational costs to identify trends, inefficiencies, and cost-saving opportunities.
• Perform detailed cost-benefit analyses to support business decisions and strategic initiatives.
• Monitor and report actual manufacturing costs against standard costs.

Inventory & Manufacturing Accounting

• Support inventory valuation and cost allocation processes.
• Analyze inventory movements, stock adjustments, and obsolescence provisions.
• Review material consumption and production variances.
• Coordinate physical inventory counts and reconciliation activities.
• Ensure accurate costing of finished goods, work-in-progress, and raw materials.

Variance Analysis & Reporting

• Conduct monthly variance analysis covering:
• Material variances
• Labor variances
• Overhead variances
• Production yield variances
• Inventory variances
• Investigate significant cost fluctuations and provide recommendations to management.
• Prepare detailed financial and operational reports highlighting cost drivers and profitability trends.

Budgeting & Forecasting

• Support annual budgeting and forecasting activities.
• Develop cost models and financial projections for new and existing products.
• Assist management in evaluating pricing strategies and margin improvements.
• Monitor actual performance against budget and forecast targets.

Financial Accounting & Month-End Close

• Prepare and post journal entries related to manufacturing and operational costs.
• Assist with month-end, quarter-end, and year-end closing activities.
• Reconcile cost-related balance sheet accounts.
• Ensure accuracy and completeness of financial records in accordance with accounting standards.

Product Costing & Profitability Analysis

• Develop and maintain product cost structures.
• Analyze profitability by product, customer, channel, and business unit.
• Evaluate the financial impact of changes in raw material prices, labor costs, and operational processes.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.