Manager - Cost Assurance

Jio Star; Mumbai; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

Jio Star in Mumbai is looking for a Manager - Cost Assurance to oversee financial reporting and cost management. The ideal candidate should have 7-10 years of experience in finance, particularly in cost assurance, and hold a CA Inter or MBA in Finance.

The role involves managing accounting activities, invoice processing, and ensuring compliance with internal policies and standards. Strong analytical skills and proficiency in ERP systems are essential for success in this fast-paced environment.

Qualifications

• 7–10 years of relevant experience in Record-to-Report or Cost Assurance functions.
• Strong understanding of accounting principles and financial reporting.
• Hands-on experience with month-end closing activities.

Responsibilities

• Support monthly, quarterly, and annual book closure activities.
• Oversee end-to-end invoice processing.
• Prepare monthly and quarterly MIS reports for management.

Skills

Financial Reporting

Analytical Skills

Process Improvement

Cost Management

ERP Systems (SAP)

Education

CA Inter / MBA (Finance)

Tools

Microsoft Excel

Power BI

Alteryx

Job description

## Manager - Cost AssuranceApplylocations: Mumbai - Urmitime type: Full timeposted on: Posted Todayjob requisition id: JR11979**Job Description – Cost Assurance Analyst / Manager****Company:** JioStar **Department:** Finance – Cost Assurance **Location:** Mumbai **Experience:** 7–10 Years **Qualification:** CA Inter / MBA (Finance)**About the Role**JioStar is looking for a detail-oriented and analytical finance professional to join the Cost Assurance team. The role will be responsible for ensuring accurate accounting, timely financial closures, cost controls, reconciliations, reporting, and process improvements while partnering with various business and finance stakeholders.**Key Responsibilities****Financial Closing & Accounting*** Support monthly, quarterly, and annual book closure activities in accordance with accounting policies and timelines.* Prepare, review, and post accrual journal entries to ensure accurate expense recognition.* Monitor and validate cost provisioning to ensure completeness and accuracy of financial records.* Review and clear aged accruals, GR/IR balances, and other outstanding accounting items in a timely manner.**Invoice Processing & Cost Management*** Oversee end-to-end invoice processing and ensure adherence to internal controls and approval workflows.* Track invoice status and coordinate with business and commercial teams for timely processing and resolution of issues.* Ensure proper accounting treatment and documentation of expenses.**Reconciliations & Compliance*** Perform Related Party Transaction (RPT) reconciliations and ensure accurate reporting.* Conduct periodic TDS and GST reconciliations and coordinate with tax teams for resolution of discrepancies.* Ensure compliance with internal policies, accounting standards, and statutory requirements.**MIS & Financial Analysis*** Prepare monthly and quarterly MIS reports for management review.* Perform variance analysis against budgets, forecasts, and prior periods, highlighting key business drivers and risks.* Provide actionable insights to stakeholders for effective decision-making.**Business Partnering*** Collaborate closely with FP&A teams for accrual planning, provisioning, and financial reporting requirements.* Partner with Commercial, Procurement, and Business teams to ensure smooth invoice processing and cost governance.* Act as a key finance contact for cost-related queries and reporting requirements.**Process Improvement & Automation*** Identify opportunities for process optimization and automation to reduce manual effort and improve efficiency.* Drive automation initiatives, dashboard development, and continuous improvement projects within the Cost Assurance function.* Strengthen internal controls and enhance process standardization across activities.**Ad-hoc Projects*** Support special projects, audits, management reviews, system implementations, and other strategic initiatives as required by the organization.**Desired Skills & Competencies*** Strong understanding of accounting principles, accrual accounting, and financial reporting.* Hands-on experience in month-end and quarter-end closing activities.* Good knowledge of GST, TDS, and reconciliation processes.* Strong analytical and problem-solving skills with attention to detail.* Proficiency in ERP systems (SAP or equivalent) and Microsoft Excel.* Experience in MIS reporting, variance analysis, and stakeholder management.* Ability to work in a fast-paced environment and manage multiple priorities effectively.* Exposure to automation tools, Power BI, Alteryx, VBA, or similar technologies will be an added advantage.**Preferred Candidate Profile*** CA Inter / MBA (Finance) with 7–10 years of relevant experience in Record-to-Report (R2R), Cost Assurance, Financial Control, or Management Accounting functions.* Prior experience in media, entertainment, FMCG, telecom, technology, or large corporate environments will be preferred.* Strong communication and business partnering capabilities.