Cost Management Accountant - Manufacturing

HITACHI VANTARA INDIA PRIVATE LIMITED; Telangana; On-site; INR 600,000 - 1,000,000; Full time

Job summary

HITACHI VANTARA INDIA PRIVATE LIMITED is seeking a skilled Cost Accountant to manage cost records, perform variance analysis, and support cost control across manufacturing units. The role focuses on accurate cost reporting, standard costing, and collaboration with production and finance teams.

The ideal candidate holds a commerce degree and a ICWA/CMA qualification, with extensive cost accounting experience in manufacturing and proven ability to conduct audits and improve cost efficiency.

Qualifications

• Bachelor's degree in Commerce, Accounting or Finance.
• Qualified Cost Accountant (ICWA/CMA) certification.
• 57 years of experience in cost accounting within the manufacturing industry.

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

Cost control

Variance analysis

ERP systems

MS Excel

Audits

Cross-functional work

Education

Bachelor's degree in Commerce/Accounting/Finance

Qualified Cost Accountant (ICWA/CMA)

Job description

About CompanyCompany 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 DescriptionAbout 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 accurate 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.