Urgent! Cost Manager Job Opening In Navi Mumbai – Now Hiring ideaForge
Job Description
Job Description: Cost & Management Accountant
Position Title: Manager – Costing
Department: Finance
Location: Plant (Mahape)
Reports to: Director Finance
Experience Required: 5–8 years (Manufacturing Industry experience mandatory)
Role Overview
We are seeking a highly skilled and detail-oriented Cost & Management Accountant to join our manufacturing organization.
The role requires a professional with strong expertise in cost accounting, audit, budgeting & MIS, inventory management, and internal controls .
The incumbent will ensure accurate financial and costing information, provide insights for decision-making, strengthen governance, and drive cost optimization initiatives across the organization.
This is a dual-profile role , combining accounting responsibilities with cost & management accounting and internal control oversight.
Key Responsibilities
1.
Cost Analysis, Reporting & Control
Prepare product-wise cost sheets, job-work cost analysis, and BOM costing .
Perform variance analysis (material, labor, overhead etc.) and present actionable insights.
Prepare monthly costing Profit & Loss Account and product contribution margin analysis.
Support management in pricing, investment evaluation, and make-vs-buy decisions .
Drive cost reduction initiatives by monitoring key cost drivers and collaborating with vendors and operations.
2.
Budgeting, MIS & Internal Controls
Prepare and monitor annual budgets, rolling forecasts, and profitability statements .
Deliver accurate and timely MIS reporting , highlighting operational and financial performance against targets.
Establish, monitor, and periodically test robust internal controls across costing, accounting, inventory, and plant operations .
Design and implement control checklists, compliance monitoring tools, and audit-ready documentation .
Proactively identify process gaps and risks, recommend corrective/preventive measures, and ensure strict adherence to SOPs and policies .
Lead as the first line of defense against financial inaccuracies, leakages, and non-compliance by ensuring effective internal checks.
Act as key liaison for internal audits , ensuring thorough resolution of audit observations and embedding stronger controls.
3.
Inventory & Stock Management
Accurately value RM, WIP, and finished goods inventory in compliance with accounting and cost standards.
Oversee monthly physical verification, stock reconciliations, and stock variance reports for management.
Develop stock-related reports (plant stock statements, ageing reports, slow/non-movers, and inventory holding reports).
Collaborate with procurement and operations for stock optimization, reduced carrying costs, and improved working capital utilization .
4.
General Accounting & Compliance
Ensure timely recording of financial transactions as per Ind AS.
Support monthly and annual book closures , reconciliations, and accurate reporting.
Prepare and provide schedules for cost audits, statutory audits , ensuring compliance with all regulatory requirements.
Continue strengthening financial governance through internal control frameworks .
Qualifications & Skills
Educational Background:
Bachelor’s Degree in Commerce/Accounting/Finance (B.Com / M.Com).
Qualified Cost and Management Accountant (CMA) – ICMAI or Chartered Accountant (CA)
Experience:
5–8 years in the manufacturing industry in costing, MIS, internal controls, and audit support.
Technical Skills:
ERP systems (SAP preferred, costing & manufacturing module).
MS Excel (advanced level—pivot, lookups, automation & AI tools).
Knowledge of Ind AS, Cost Accounting Standards, Taxation, and Internal Control frameworks (IFC exposure preferred).
Skills
MIS, Budgeting and forecasting
Internal Controls
Financial compliances
ERP & Excel Proficiency
Analytical Capability
Cost accounting and audit
Inventory Accounting & Pricing Control
Inventory Management
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Unlock Your Cost Manager Potential: Insight & Career Growth Guide
Real-time Cost Manager Jobs Trends in Navi Mumbai, India (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Cost Manager in Navi Mumbai, India using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 331006 jobs in India and 22535 jobs in Navi Mumbai. This comprehensive analysis highlights market share and opportunities for professionals in Cost Manager roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! ideaForge is currently hiring and seeking a Cost Manager to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at ideaForge adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Cost Manager Jobs India varies, but the pay scale is rated "Standard" in Navi Mumbai. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Cost Manager typically include Business Operations Specialists and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Before the Interview:To prepare for your Cost Manager interview at ideaForge, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the ideaForge's products or services and be prepared to discuss how you can contribute to their success.
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