Executive-Costing

JSW Steel; Sambalpur; On-site; INR 900,000 - 1,300,000; Full time

Job summary

JSW Steel is recruiting for an Executive / Manager – Costing in Odisha to lead cost accounting, product costing and budgeting processes. The role involves monitoring production costs, performing variance analysis, and providing actionable insights to support cost control and financial performance.

The position requires coordinating with Production, Procurement and Finance teams and supporting auditors during costing and inventory audits.

Responsibilities

• Cost accounting, product costing, and standard costing activities.
• Allocate material, labor, overheads and manufacturing costs accurately.
• Maintain cost records in line with accounting standards.

Job description

Position

Executive / Manager – Costing

Department

Finance & Accounts (F&A)

Role Purpose

To manage cost accounting activities, product costing, cost analysis, budgeting support, and cost control initiatives. The role is responsible for monitoring production costs, analyzing variances, ensuring accurate cost allocation, and supporting management with actionable insights to improve operational and financial performance.

Key Responsibilities

Cost Accounting & Costing Operations

• Perform product costing, process costing, and standard costing activities.
• Ensure accurate allocation of material, labor, overheads, and other manufacturing costs.
• Maintain cost records in compliance with accounting standards and company policies.

Cost Analysis & Variance Management

• Analyze production costs and identify cost-saving opportunities.
• Conduct monthly variance analysis for material consumption, labor, overheads, and production efficiency.
• Monitor actual costs against budgets and standards, highlighting key deviations.

Inventory & Manufacturing Cost Control

• Monitor inventory valuation and ensure accurate accounting of raw materials, WIP, and finished goods.
• Support periodic stock verification and reconciliation activities.
• Analyze inventory trends and identify opportunities for working capital optimization.

Budgeting & MIS Reporting

• Support preparation of annual budgets, forecasts, and cost estimates.
• Prepare monthly costing reports, profitability analysis, and management MIS.
• Provide detailed cost insights to support strategic and operational decision-making.

Financial Closing & Reconciliation

• Support month-end and year-end closure activities related to costing.
• Reconcile cost accounts, inventory accounts, and production-related financial records.
• Ensure accurate reporting of manufacturing and operational costs.

Process Improvement & Compliance

• Strengthen costing processes, controls, and reporting mechanisms.
• Ensure compliance with internal financial controls, accounting standards, and statutory requirements.
• Participate in cost optimization and digitalization initiatives.

Stakeholder Management

• Coordinate with Production, Procurement, Stores, Commercial, and Finance teams.
• Support business leaders with cost-related analysis and recommendations.
• Assist internal and external auditors during costing and inventory audits.