Cost and Management Accountant (CMA)

Devyani International; Gurugram District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Devyani International Limited seeks a Cost and Management Accountant (CMA) at its Gurugram corporate office. The role requires managing cost accounting activities, inventory valuation, product costing, and detailed financial analyses to optimize profitability and support strategic decisions.

Collaborate with Supply Chain, Procurement, Manufacturing, Operations and Finance to ensure accurate costing and cost reduction initiatives, with focus on standard costing and periodic cost revisions.

Qualifications

• Cost accounting activities, inventory valuation and product costing are central to the role.
• Strong financial analysis and cost optimization capabilities are required.
• Collaboration with Supply Chain, Procurement, Manufacturing and Finance is essential.

Responsibilities

• Prepare and maintain product cost sheets and standard costing models.
• Analyze material, labor and overhead costs to determine profitability.
• Review and monitor actual costs against standard costs.
• Identify cost-saving opportunities and recommend actions.
• Perform periodic cost revisions based on input costs and operations.
• Manage inventory valuation and reconcile stock movements with ERP records.
• Prepare monthly MIS reports, dashboards and cost analyses.
• Conduct variance analyses for material consumption, production costs and inventory.
• Support budgeting, forecasting and financial planning.
• Track and report savings from cost optimization projects.

Skills

Cost accounting

Product costing

Financial analysis

Inventory management

ERP systems

Education

CMA/CA/ACMA qualification

Tools

ERP systems

Job description

Position: Cost and Management Accountant (CMA)

Grade: Assistant Manager

Location: Gurugram (Corporate Office)

Company: Devyani International Limited (DIL)

About the Role

The Cost Accountant will be responsible for managing cost accounting activities, inventory valuation, product costing, financial analysis, and cost optimization initiatives. The role requires close collaboration with Supply Chain, Procurement, Manufacturing/Commissary, Operations, and Finance teams to ensure accurate costing, improve profitability, and support strategic business decisions.

Key Responsibilities

Cost Accounting & Product Costing

• Prepare and maintain product cost sheets and standard costing models.
• Analyze material, labor, and overhead costs to determine product profitability.
• Review and monitor actual costs against standard costs.
• Identify cost-saving opportunities and recommend corrective actions.
• Perform periodic cost revisions based on changes in raw material prices and operational costs.

Inventory Accounting & Control

• Manage inventory valuation in accordance with accounting standards and company policies.
• Monitor inventory movements, stock adjustments, and reconciliations.
• Analyze inventory ageing, slow-moving, and obsolete stock.
• Coordinate with Supply Chain and Warehouse teams to improve inventory accuracy.
• Ensure timely inventory reconciliations between physical stock and ERP records.

Financial Analysis & Reporting

• Prepare monthly MIS reports, dashboards, and cost analysis reports.
• Conduct variance analysis for material consumption, production costs, and inventory.
• Support budgeting, forecasting, and financial planning activities.
• Present financial insights and recommendations to management.

Cost Optimization

• Identify opportunities to improve operational efficiency and reduce costs.
• Support value engineering and cost reduction initiatives.
• Analyze vendor pricing and procurement costs.
• Track and report savings achieved through cost optimization projects.