Cost Accountant & Inventory Controller

ORGANIZATIONAL STRUCUTRE

BUSINESS: Swelore Engineering Pvt Ltd

LOCATION: Ahmedabad/India

DIRECT REPORTING: Finance Controller

POSITION SUMMARY

The Cost Accountant & Inventory Controller is responsible for ensuring accurate product costing, robust inventory control, and reliable financial reporting in India Pumps business. The role will drive cost visibility, strengthen inventory governance, support plant performance, and ensure compliance with group guidelines, while working closely with operations, procurement, and supply chain.

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
• 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