Cost Accountant & Inventory Controller

Swelore; Ahmedabad District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Swelore is seeking a seasoned Cost Accountant to manage standard costing, inventory valuation, and variance analysis in a multi-plant manufacturing environment. You will collaborate with finance and operations to optimize working capital and ensure accurate cost data across plants.

The role requires CMA/Cost Accountant qualification with 5+ years in manufacturing finance, strong SAP and MS Office skills, and a proactive, detail-oriented mindset. On-site position in India.

Qualifications

• Strong understanding of standard costing, inventory valuation, and variance analysis.
• Proficiency in SAP and MS Office Tools is an additional requirement.
• Excellent analytical, problem solving and communication skills with high data accuracy.

Skills

Standard costing

Inventory valuation

Variance analysis

SAP

MS Office

Analytical thinking

Communication

Attention to detail

Stakeholder management

Manufacturing understanding

Multi-plant experience

Process improvement

Education

Cost Accountant / CMA / Equivalent

5+ years of relevant experience in finance, cost accounting and inventory control in a manufacturing set up

Tools

SAP

MS Office

Job description

• 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
• 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