Deputy Manager- Costing

Mahindra And Mahindra Ltd.; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Mahindra and Mahindra Limited is seeking a cost accounting professional in Mumbai to analyze costing elements, perform BOM/routing roll-up analyses, and support SAP CO closing activities.

You will validate standard costs, perform profitability analyses, and coordinate with auditors for cost audits while ensuring cross-functional collaboration and adherence to tight closing timelines.

Qualifications

• Analytical and problem-solving skills.
• Attention to detail and accuracy.
• Strong SAP and costing knowledge.
• Cross-functional coordination and communication.
• Ability to work under tight closing timelines.

Responsibilities

• Prepare and update conversion cost calculations and analyze labor, overhead, and manufacturing cost elements.
• Perform BOM and routing roll-up analysis and validate standard cost updates.
• Conduct COPA entries and reconciliations; analyze profitability reports and investigate variances.
• Maintain and monitor Related Party Transactions (RPT) and assist pricing validation and compliance.
• Coordinate with auditors for cost audit requirements; prepare cost records and schedules.
• Financial evaluation of Engineering Change Notices (ECN) and support cost-benefit analysis for approvals.
• Monthly reconciliation of Inter Unit and Inter Division Transfer Notes (IUTN/IDTN).
• Support SAP CO closing activities and ensure timely financial reporting.

Skills

Analytical thinking

Problem solving

Attention to detail

Cross-functional coordination

Communication

Education

CMA/CA/ICWA

Tools

SAP

Job description

Select how often (in days) to receive an alert:

1. Conversion Cost Working - Prepare and update conversion cost calculations.
Analyze labor, overhead, and manufacturing cost elements.
2. Cost Roll-up Analysis - Perform BOM and routing roll-up analysis.
Validate standard cost updates and variance impacts.
3. COPA (Profitability Analysis) : Perform COPA entries and reconciliations.
Analyze profitability reports and investigate variances.
4. RPT (Related Party Transactions) - Maintain and monitor RPT transactions.
Support pricing validation and statutory compliance requirements.
Prepare periodic RPT reports and reconciliations.
5. Cost Audit :Coordinate with auditors for cost audit requirements
Prepare cost records, schedules, and supporting documents
6. ECN (Engineering Change Notice) Review : Financial evaluation of ECN proposals.
Support approval process through cost-benefit analysis.
7. IUTN / IDTN Reconciliation :Perform monthly reconciliation of Inter Unit Transfer Notes (IUTN) and Inter Division Transfer Notes (IDTN).
8. SAP CO Closing Activities

Experience

0 to 5 Years

Industry Preferred

Industry Preferred Any Automotive or component manufacturing company or other manufacturing company

Qualifications

CMA / CA/ ICWA

General Requirements

Analytical and problem-solving skills.
Attention to detail and accuracy.
Strong SAP and costing knowledge.
Cross-functional coordination and communication.
Ability to work under tight closing timelines.

Our commitment to Diversity, Equity, and Inclusion

At Mahindra and Mahindra Limited, we believe that diversity drives innovation, and inclusion is at the heart of everything we do. We are committed to cultivating a workplace where every individual feels valued, respected, and empowered to thrive.
We are proud to be an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to age, caste, race, religion, color, ethnic origin, gender identity, nationality, physical or mental disability, medical condition, sexual orientation, educational background, marital or domestic partnership status, pregnancy or childbirth, veteran status, citizenship status, ancestry, financial status, or any other personal characteristic protected by applicable law.
We actively encourage candidates from all backgrounds to apply and bring their unique perspectives to our teams. We are committed to ensuring an accessible and inclusive experience for all applicants.
Together, we rise by embracing differences and building a future that reflects the communities we serve.

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