Finance and Account - Costing (CMA)

HITACHI VANTARA INDIA PRIVATE LIMITED; India; On-site; INR 800,000 - 1,100,000; Full time

Job summary

Hitachi Vantara India Private Limited seeks a cost analyst to support product costing, variance analysis, and inventory valuation, ensuring accurate financial reporting and cost control.

You will collaborate with production, procurement and finance to prepare cost data for budgeting, drive cost optimization, and maintain standard costing policies. SAP-FICO experience and strong Excel skills are essential.

Qualifications

• B.Com / M.Com with ICWA / CMA Cleared or CA with costing experience.
• MBA (Finance) – Preferred.
• 5–8 years of costing experience in manufacturing / cost accounting.
• Hands-on SAP-FICO experience mandatory.
• Strong Excel and analytical skills.

Responsibilities

• Support costing activities including product costing, variance analysis, and inventory valuation to ensure accurate financial reporting and cost control.
• Provide cost insights to improve operational efficiency and support business decisions.
• Prepare cost data for budgeting and forecasting; evaluate cost structures for optimization.
• Maintain standard costing policies and costing documentation.
• Assist in monthly costing and inventory closing with stores and accounts.
• Assist in cost audits and ensure compliance with accounting standards.
• Support MIS reporting with cost dashboards and cost driver analysis.

Education

B.Com / M.Com with ICWA / CMA Cleared or CA with Costing Experience

MBA (Finance) – Preferred

Tools

SAP-FICO

MS Excel

Job description

Job Purpose (Summary / One – Line Description)

• Support costing activities including product costing, variance analysis, and inventory valuation to ensure accurate financial reporting and cost control
• Assist in providing cost insights to improve operational efficiency and support business decision-making.

Duties/Responsibilities/Activities

Strategy & Planning

• Support preparation of cost data and analysis for budgeting and forecasting exercises
• Assist in evaluating cost structures and identifying opportunities for cost optimization
• Provide inputs for pricing decisions based on cost analysis

Costing Policies & Procedures

• Ensure adherence to standard costing policies and procedures
• Assist in maintaining documentation related to costing processes and methodologies
• Support implementation and improvement of costing systems and processes

Costing Process Management

• Prepare and maintain product cost sheets and BOM (Bill of Materials) costing
• Perform variance analysis (material, labor, overhead) and highlight key deviations
• Assist in inventory valuation and reconciliation in coordination with stores and accounts team
• Ensure accurate allocation of overheads and absorption costing
• Support monthly closing activities related to costing and inventory.

MIS & Reporting

• Prepare periodic cost reports, dashboards, and analysis for management review
• Track key cost drivers and provide actionable insights
• Support preparation of standard vs actual cost comparisons

Audits & Compliance

• Assist in cost audits and statutory audits by providing required data and documentation
• Ensure compliance with applicable accounting standards and internal controls
• Support internal audit processes and address audit observations.

Continuous Improvement

• Identify process gaps and suggest improvements in costing systems and reporting
• Support automation initiatives in costing and MIS reporting
• Stay updated with costing techniques and industry best practices.

Coordination & Support

• Work closely with production, procurement, and stores teams for accurate cost data
• Coordinate with finance team for reconciliation and reporting requirements
• Support cross-functional teams with cost-related inputs and analysis

Qualification:

• B.Com / M.Com with ICWA / CMA Cleared or CA with Costing Experience.
• MBA (Finance) – Preferred

Experience:

5-8 Years

Other Skillsets (Technical/Behavioral):

Function/ Technical

• Knowledge of costing methods (standard costing, marginal costing, absorption costing)
• Understanding of BOM, inventory valuation, and variance analysis
• Knowledge of accounting principles and cost audit requirements
• Hands-on experience with SAP- FICO System is must
• Strong analytical and numerical skills
• Proficiency in MS Excel.

Behavioral

• Attention to detail
• Analytical thinking
• Good communication and coordination skills
• Planning and organizing ability
• Team collaboration