Cost and Management Accountant (CMA)

HITACHI VANTARA INDIA PRIVATE LIMITED; Panipat; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Devyani International Limited (DIL) is hiring a Cost and Management Accountant (CMA) at Assistant Manager grade for its corporate office in Gurugram. The role focuses on cost accounting, product costing, inventory valuation, and cost optimization in collaboration with Supply Chain, Procurement, Manufacturing, Operations and Finance.

The candidate will prepare cost sheets, analyze variances, support budgeting and forecasting, and drive cost reduction initiatives using SAP CO/FI/MM and Excel/Power

Qualifications

• CMA is mandatory.
• B.Com or M.Com preferred.
• 4–7 years in cost accounting or related finance roles.
• Experience in manufacturing/retail sectors is preferred.

Responsibilities

• Manage cost accounting and product costing; maintain cost sheets and standard costing models.
• Analyze material, labor, and overhead costs for profitability.
• Monitor actual vs standard costs and identify variances.
• Identify cost-saving opportunities and propose corrective actions.
• Handle inventory valuation, movements, ageing, and reconciliations.
• Prepare monthly MIS, dashboards, and cost analyses; assist budgeting and forecasting.
• Support ERP costing across SAP CO/FI/MM and automate processes.

Skills

Cost accounting & analysis

ERP & BI tools

Excel & Power BI

Education

CMA (Qualified)

B.Com/M.Com

Tools

SAP (CO/FI/MM)

Excel

Power BI

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.
• Compliance & Audit - Ensure compliance with Cost Accounting Standards, internal controls, and company policies.
• Support internal, statutory, and cost audits.
• Maintain accurate costing documentation and audit records.
• Assist in implementing process improvements for cost accounting and reporting.
• ERP & Process Improvement - Work on SAP (CO/FI/MM) or other ERP systems for costing and reporting.
• Improve costing processes through automation and standardization.
• Develop dashboards and reports using Excel and Power BI (preferred).

Desired Candidate Profile

• Education - CMA (Qualified) - Mandatory
• B.Com / M.Com (preferred)
• Experience - 4-7 years of experience in Cost Accounting, Manufacturing Finance, Plant Finance, or Commercial Finance.
• Experience in QSR, FMCG, Food & Beverage, Retail, Manufacturing, or Consumer Goods industries is preferred.