Deputy Manager, Costing

IMI Norgren; Dadri; On-site; INR 700,000 - 1,200,000; Full time

Job summary

IMI Norgren in India is seeking a Cost Accountant to plan, study, and collect cost data for raw materials, inventory, and labor at the SKU level. You will analyze data, prepare standard vs. actual cost reports, and support month-end close while reconciling COGS for audits.

The role requires a strong cost systems background, advanced Excel skills, and the ability to collaborate with engineering and manufacturing teams on cost standards to improve margins.

Qualifications

• Experience in cost accounting within a manufacturing environment.
• Strong background in cost systems and analytical skills.
• Advanced proficiency in Excel and Microsoft Office.
• Ability to partner with engineering and manufacturing teams on cost standards.

Responsibilities

• Plan, study, and collect cost data related to raw materials, inventory, and labor at SKU level.
• Analyze data and record findings to support expenditure control and cost accuracy.
• Prepare standard versus actual cost reports and assist in month-end close.
• Reconcile COGS for internal and external audits and drive cost improvements.
• Maintain cost information and support profitability analyses for pricing decisions.

Skills

Cost accounting

Cost systems

Advanced Excel

Stakeholder collaboration

Education

Bachelor's degree in Accounting/Finance

CWA qualification

Tools

Excel

Outlook

Word

Job description

Key Responsibilities

• Plan, study, and collect cost data related to raw materials, inventory, and labor at SKU level
• Analyze collected data and record findings
• Assess the cost impact of changes in product design, raw materials, manufacturing methods, or services, and determine product-level margins
• Analyze actual manufacturing costs and prepare standard versus actual cost reports
• Record and maintain cost information to support expenditure control
• Conduct cost audits and prepare related reports
• Develop cost estimates for new and proposed products
• Provide management with profitability and pricing analysis reports
• Maintain and enhance the Cost Accounting System
• Support month-end General Ledger closing activities
• Conduct physical inventory counts and monitor cycle count programs
• Reconcile finished goods inventory balances
• Perform valuation of Work-in-Progress (WIP) and Finished Goods (FG) inventories
• Reconcile Cost of Goods Sold (COGS) for reporting, internal audits, and external audits, while identifying process improvement opportunities
• Manage fixed asset accounting in compliance with IGAAP requirements
• Support other finance functions as required
• Reconcile CAPEX spending against budgets and forecasts, and track payback periods and margin improvements for NPD and VAVE projects

Requirements

- Relevant experience in Cost Accounting within a manufacturing environment

- Bachelor's Degree in Accounting, Finance, or CWA qualification

- Strong background in cost systems and excellent analytical skills

- Sound understanding of accounting principles

- Advanced Excel skills and proficiency in Outlook and Word

- Experience partnering with engineering and manufacturing teams on cost standard development and analysis

- Ability to prepare accurate daily, weekly, monthly, quarterly, and annual reports

- Strong communication and stakeholder management skills for cross-functional collaboration and follow-up activities