Cost Accountant

Dhruva Space; Hyderabad; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading aerospace company in Hyderabad is seeking a highly analytical Cost Accountant to enhance financial and cost controls. The role requires 4–6 years of experience in Activity-Based Costing, product/project costing, and financial analysis. Responsibilities include designing ABC models, preparing product cost sheets, and conducting variance analyses. Strong expertise in ERP systems like SAP or Oracle and proficiency in Excel are essential. This is a great opportunity to contribute to data-driven decision-making in a dynamic finance team.

Qualifications

• 4–6 years of relevant experience in Activity-Based Costing, product/project costing, financial analysis, and audit support.
• Strong expertise in ABC implementation and cost modeling.
• Experience in manufacturing or project-based costing environments.

Responsibilities

• Design and maintain Activity-Based Costing models across programs.
• Analyze cost structures and recommend efficiency improvements.
• Prepare product cost sheets and conduct variance analysis.

Skills

Activity-Based Costing (ABC)

Financial analysis

Audit support

Excel proficiency

Cost modeling

Education

CA / CMA (Cost Accountant) – Qualified

Tools

ERP systems (SAP/Oracle)

Job description

Role Overview and Responsibilities

Dhruva Space is seeking a highly analytical and detail-oriented Cost Accountant / Chartered Accountant to join our dynamic finance team. With 4–6 years of relevant experience in Activity-Based Costing (ABC), cost structures, financial analysis, and audit support, the ideal candidate will play a critical role in strengthening financial and cost controls and enabling data-driven decision-making.

Key responsibilities include, but are not limited to

• Design, implement, and maintain Activity-Based Costing (ABC) models across programs and manufacturing processes.
• Identify cost drivers and allocate indirect costs accurately across cost pools.
• Analyze cost structures and recommend optimization and efficiency improvement measures.
• Prepare detailed product cost sheets and project-level costing models.
• Conduct standard vs actual variance analysis and provide actionable insights.
• Manage inventory valuation, WIP costing, overhead absorption, and conversion cost calculations.
• Support pricing decisions and contract bids for commercial and government clients.
• Manage costing aspects of R&D programs and new product development initiatives.
• Perform program-level margin and profitability analysis.
• Support budgeting, forecasting, and scenario modeling activities.
• Ensure compliance with Cost Accounting Standards (CAS) and support statutory cost audits and internal reviews.
• Prepare audit documentation and coordinate with internal and external auditors.
• Ensure accurate cost capture within ERP systems (SAP/Oracle preferred) and manage periodic costing runs.
• Improve data integrity, streamline costing workflows, and automate reporting processes.
• Collaborate with engineering, manufacturing, and program teams to ensure financial alignment and timely execution.

Candidate Requirements

• CA / CMA (Cost Accountant) – Qualified.
• 4–6 years of relevant experience in Activity-Based Costing, product/project costing, financial analysis, and audit support.
• Strong expertise in ABC implementation and cost modeling.
• Advanced proficiency in Excel and financial modeling.
• Experience with ERP systems such as SAP, Oracle, or similar platforms.
• Strong knowledge of cost accounting standards, variance analysis, and compliance requirements.
• Experience in manufacturing or project-based costing environments, preferably in aerospace, engineering, defence, or Advanced Electronics sectors.
• Strong analytical mindset, attention to detail, and business partnering capability.
• Effective communication skills and ability to work with cross-functional and global teams.