Costing & Inventory Valuation

Exide Energy Solutions Ltd; Devanahalli; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Exide Energy Solutions Ltd in Bengaluru seeks a dynamic finance professional to own end-to-end inventory accounting, valuation, and cost management, leveraging SAP S/4HANA to ensure accurate data and strong internal controls.

The role covers raw materials, WIP, and finished goods, with a focus on cost records, CAS compliance, and cost audits under Companies Act. You'll collaborate with manufacturing and finance teams to drive efficiency and profitability.

Qualifications

• Experience in manufacturing plant costing and inventory roles.
• Mandatory SAP S/4HANA exposure.
• CAS knowledge and cost audit experience.

Responsibilities

• Maintain cost records and support cost audits.
• Ensure accurate inventory valuation and standard costing.
• Reconcile SAP stock and physical stock verifications.
• Monitor month-end and year-end closing activities.
• Strengthen internal controls over inventory and costing.

Skills

Inventory accounting

Cost accounting

Analytical skills

Attention to detail

Internal controls

Cross-functional collaboration

Education

CMA (Inter/Final) preferred

B.Com

M.Com

Tools

SAP S/4HANA (MM, FI, CO)

Job description

Exide Energy Solutions Ltd is leading the way in advanced energy storage by establishing India’s first Giga plant to manufacture Lithium-Ion Cells in Bengaluru. The company specializes in designing, developing, and manufacturing high-performance Lithium-Ion Cells and Battery Pack solutions. These solutions cater to a range of energy storage needs across Automotive and Industrial sectors, driving innovation and sustainability. Exide Energy is committed to powering the future with cutting-edge technology and global industry standards.

Exide Energy Solutions Ltd is looking for a dynamic and detail-oriented person to join our team!

Job Summary

This role is responsible for end-to-end inventory accounting, valuation, and cost management, including maintenance of statutory cost records and coordination of cost audit. The position ensures accurate cost capture across raw materials, WIP, and finished goods, leveraging SAP S/4HANA (MM, FI, CO modules), while maintaining compliance with regulatory requirements and strong internal financial controls.

Key Responsibilities

1. Inventory Accounting & Control (Plant + SAP Driven)

• Account for all inventory transactions: RM, WIP, FG, consumables, stores & spares, scrap
• Monitor material movements: GRN, issues, transfers, subcontracting
• Perform periodic physical stock verification and reconcile with SAP stock
• Investigate and report stock variances, shrinkage, and process losses
• Ensure proper cut-off procedures during month-end and year-end
• Manage inventory accounting for Raw Materials, WIP, Finished Goods, Consumables, Stores & Spares, and Scrap.
• Perform inventory valuation, standard costing, product costing, and variance analysis.
• Execute inventory reconciliations, stock verification, and month-end/year-end closing activities.
• Maintain statutory cost records and support cost audits as per Companies Act and Cost Accounting Standards (CAS).
• Ensure SAP S/4HANA MM, FI, and CO integration for inventory accounting, Material Ledger, and costing processes.
• Monitor inventory aging, obsolete stock, cost reduction opportunities, and profitability analysis.
• Strengthen internal controls, audit compliance, and governance over inventory and costing processes.
• Strong expertise in inventory accounting and cost accounting
• Hands-on experience in SAP S/4HANA (MM + FI + CO integration)
• Knowledge of Cost Accounting Standards (CAS) and cost audit
• Strong analytical and problem-solving skills
• High attention to detail and data accuracy
• Ability to work in plant and cross-functional environment

Qualifications & Experience

• Education: CMA (Inter / Final preferred)/B.Com / M.Com
• Experience: 4–9 years in manufacturing (plant costing / inventory role)
• Experience in SAP S/4HANA environment is mandatory

Key Performance Indicators (KPIs)

• Inventory accuracy and variance levels
• Timely completion of cost records and audit compliance
• Accuracy of product costing and variance analysis
• Reduction in obsolete/slow-moving inventory
• SAP data accuracy and reconciliation differences