Plant Controller – Costing & Inventory Control – Manufacturing Parasparam Search Partners

The Corporate Institute; Thane; On-site; INR 900,000 - 1,300,000; Full time

Job summary

The Corporate Institute seeks a cost accounting professional to build and maintain a robust standard costing framework, covering BOM validation, routing, and annual cost roll, with monthly variance analysis and proactive cost management across materials, yield, and overheads.

You will lead inventory valuation, write policy ownership, and supervise monthly provisions for slow-moving stock, expiry risks, and losses across sites and co-manufacturers.

Responsibilities

• Build and maintain the standard costing framework: BOM validation, routing and activity rates, annual cost roll.
• Monthly variance analysis with genuine causal explanation, across material price, material usage and yield, conversion cost, and absorption.
• Costing for new product development, pack changes, promotional packs and combos, before commitments are made rather than after.
• Valuation of raw material, packing material, work in progress and finished goods, and ownership of the valuation policy.
• Provisioning for slow-moving stock, near-expiry and expired stock, damages and net realisable value. In our category this is a live monthly judgement, not an annual exercise.
• Physical verification programme across our own site, co-manufacturers and third-party warehouses, with shrinkage analysed and explained rather than written off.
• Verification of conversion charges and plant billings against contracted rates.
• Reconciliation of material issued against material consumed and output received, at batch level, against agreed yield and wastage norms.
• Financial control over our material held at third-party sites, including accountability for losses.
• Conversion cost per unit as a tracked, owned metric with a defensible trend.
• Utilities, manpower, consumables and overhead control against budget.
• Wastage, rejection and rework analysis, quantified and taken to the people who can act on it.
• Capitalisation, capital work in progress, and fixed asset register integrity at site.
• Conduct regular physical verification of capex.
• Manufacturing month-end close: COGS, GRIR ageing, provisions, plant P&L.
• Control environment at site: goods receipt discipline, material issue authorisation, scrap and rejection controls, segregation of duties, physical access to stock.
• Contribution to process documentation and the Risk Control Matrix for manufacturing and inventory cycles.

Job description

Standard Costing Framework:

• Build and maintain the standard costing framework: BOM validation, routing and activity rates, annual cost roll.
• Monthly variance analysis with genuine causal explanation, across material price, material usage and yield, conversion cost, and absorption.
• Costing for new product development, pack changes, promotional packs and combos, before commitments are made rather than after.

Inventory Valuation and Integrity:

• Valuation of raw material, packing material, work in progress and finished goods, and ownership of the valuation policy.
• Provisioning for slow-moving stock, near-expiry and expired stock, damages and net realisable value. In our category this is a live monthly judgement, not an annual exercise.
• Physical verification programme across our own site, co-manufacturers and third-party warehouses, with shrinkage analysed and explained rather than written off.

Co-manufacturer Financial Control:

• Verification of conversion charges and plant billings against contracted rates.
• Reconciliation of material issued against material consumed and output received, at batch level, against agreed yield and wastage norms.
• Financial control over our material held at third-party sites, including accountability for losses.

Plant Cost Control and Performance:

• Conversion cost per unit as a tracked, owned metric with a defensible trend.
• Utilities, manpower, consumables and overhead control against budget.
• Wastage, rejection and rework analysis, quantified and taken to the people who can act on it.

Capital Expenditure:

• Capitalisation, capital work in progress, and fixed asset register integrity at site.
• Conduct regular physical verification of capex.

Close and Controls:

• Manufacturing month-end close: COGS, GRIR ageing, provisions, plant P&L.
• Control environment at site: goods receipt discipline, material issue authorisation, scrap and rejection controls, segregation of duties, physical access to stock.
• Contribution to process documentation and the Risk Control Matrix for manufacturing and inventory cycles.