Finance and Account - Costing (CMA)

Sudarshan Chemical Industries Ltd.; Pune District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Sudarshan Chemical Industries Ltd. is seeking an experienced Cost Accountant to support product costing, variance analysis, and inventory valuation for accurate financial reporting and cost control.

The role involves preparing cost data for budgeting, improving cost structures, and assisting in pricing decisions while ensuring standard costing policies are followed. Collaboration with production, stores and accounts is essential.

Qualifications

• Costing concepts across standard, marginal and absorption costing.
• Experience with cost audits and accounting principles.

Responsibilities

• Support costing data preparation for budgeting, forecasting and monthly close.
• Perform variance analysis (material, labor, overhead) and highlight deviations.
• Provide inputs for pricing decisions based on cost analysis.
• Ensure adherence to standard costing policies and procedures.
• Maintain costing documentation and support automation in costing and MIS reporting.
• Coordinate with production, procurement and stores for accurate cost data.

Skills

Costing methods

BOM knowledge

Inventory valuation

Variance analysis

SAP FICO

MS Excel

Analytical skills

Education

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

Tools

SAP FICO

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:

• 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
• 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.
• 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.

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