Cost Management Accountant - Manufacturing

HITACHI VANTARA INDIA PRIVATE LIMITED; Hyderabad; On-site; INR 600,000 - 800,000; Full time

Job summary

Hitachi Vantara India Private Limited is seeking a seasoned Cost Accountant to manage cost records, analyze variances, and support cost reporting in a manufacturing environment.

You will drive standard costing, assist budgeting, profitability analysis, and liaise with production and finance to optimize costs while ensuring compliance with statutory and internal policies.

Qualifications

• Bachelor's degree in Commerce, Accounting, or Finance.
• Qualified Cost Accountant (ICWA/CMA) certification required.
• 57 years of experience in cost accounting within the manufacturing industry.
• Proven experience handling cost audits independently.
• Strong knowledge of cost control techniques, product costing, and variance analysis.
• Proficiency in ERP systems and MS Excel for cost reporting and data analysis.
• Strong analytical skills, attention to detail, and ability to work cross-functionally with production and finance teams.

Responsibilities

• Prepare and maintain cost records, analyse variances, and ensure accurate cost allocation across manufacturing processes.
• Conduct cost audits and coordinate with auditors to ensure compliance with statutory requirements and internal policies.
• Analyse material, labour, and overhead costs to identify areas for cost optimization and efficiency improvement.
• Develop and monitor standard costing systems and ensure periodic review of cost estimates.
• Support management in pricing decisions, budget preparation, and profitability analysis.
• Prepare cost-related MIS reports and present actionable insights to the finance and operations teams.
• Monitor inventory valuation, stock reconciliation, and ensure proper costing of WIP and finished goods.
• Assist in financial planning, variance analysis, and cost forecasting for different manufacturing units or business lines.
• Ensure compliance with accounting standards, cost audit regulations, and company policies.

Skills

Cost accounting

Variance analysis

Cost control

Auditing

ERP systems

MS Excel

Financial reporting

Product costing

Cross-functional collaboration

Education

Bachelor's degree in Commerce/Accounting/Finance

ICWA/CMA certification

Job description

About Company

Company is a fast-growing deep-tech company operating in a highly specialized engineering domain. Founded by experienced scientists and entrepreneurs, it is backed by leading global investors and has already achieved several industry-first milestones within a short span of time.

Job Description

About the Role

We are seeking a skilled Cost Accountant with strong experience in cost control, cost analysis, and audit handling within a manufacturing environment. The candidate will play a vital role in managing and optimizing cost structures, ensuring accuracy in cost reporting, and supporting management in strategic financial planning.

Key Responsibilities

• Prepare and maintain cost records, analyse variances, and ensure accurate cost allocation across manufacturing processes.
• Conduct cost audits and coordinate with auditors to ensure compliance with statutory requirements and internal policies.
• Analyse material, labour, and overhead costs to identify areas for cost optimization and efficiency improvement.
• Develop and monitor standard costing systems and ensure periodic review of cost estimates.
• Support management in pricing decisions, budget preparation, and profitability analysis.
• Prepare cost-related MIS reports and present actionable insights to the finance and operations teams.
• Monitor inventory valuation, stock reconciliation, and ensure proper costing of WIP and finished goods.
• Assist in financial planning, variance analysis, and cost forecasting for different manufacturing units or business lines.
• Ensure compliance with accounting standards, cost audit regulations, and company policies.

Required Skills & Qualifications

• Bachelors degree in Commerce, Accounting, or Finance.
• Qualified Cost Accountant (ICWA/CMA) certification required.
• 57 years of experience in cost accounting within the manufacturing industry.
• Proven experience handling cost audits independently.
• Strong knowledge of cost control techniques, product costing, and variance analysis.
• Proficiency in ERP systems and MS Excel for cost reporting and data analysis.
• Strong analytical skills, attention to detail, and ability to work cross-functionally with production and finance teams.