Job Description: AM - Cost and Inventory
Position Overview
We are seeking a highly skilled and detail-oriented Cost Accountant to manage and oversee cost and inventory accounting activities. The ideal candidate will have strong analytical skills, experience with ERP systems, and a solid understanding of costing concepts. This role requires collaboration across finance, supply chain, and IT teams to ensure accurate reporting, compliance with US GAAP, and support for business decision-making.
Key Responsibilities
Handle cost and inventory activities, including PPV (purchase price variance), freight accruals, inventory reserves, capitalized variances, and absorption costing.
Perform monthly close activities for COGS and inventory valuation; reconcile sub-ledger to general ledger and analyze/explain variances.
Maintain item costing data, cost components (material, labor, and overhead), and related GL mappings; ensure accuracy and alignment with US GAAP and company internal policies.
Manage costing methods for items (Standard Cost, Actual Cost, Moving Average); configure cost rollups and variance tracking.
Validate and cleanse master data (items, BOMs, routings, suppliers, primary data attributes) to ensure accurate cost and inventory reporting.
Develop and maintain reports/dashboards on inventory health, gross margin by product, cost variances, turnover metrics, stockouts, and obsolescence.
Conduct regular analysis of inventory valuation and cost components to identify opportunities for optimization and cost control.
Support internal and external audits by providing data, explanations, and process narratives related to costing and inventory.
Collaborate with IT/Analytics on data models, data quality initiatives, and BI/reporting requirements.
Prepare balance sheet reconciliations related to inventory and cost accounts.
Must be a team player and eager to learn.
Required Skills & Qualifications
Experience with ERP systems (JD Edwards, SAP, Oracle, NetSuite, Baan, Lawason, Mapics, OneStream or similar).
Solid understanding of costing concepts and inventory valuation methods.
Strong analytical skills; proficient in Excel (lookups, pivot tables, dashboards) with working knowledge of SQL or other data-query tools; BI tools (Power BI, Tableau) a plus.
Knowledge of costing methods (Standard, Actual, Moving Average) and inventory valuation concepts.
Familiarity with BOMs, routing, cycle counting, and reconciliation.
Excellent attention to detail; ability to translate data into actionable insights.
Strong communication and cross-functional collaboration skills.
Work Model: Hybrid (3 Days in the office during the 2nd and 3rd weeks of each month, with remote work (WFH) during the 1st and 4th weeks)
Location: Pune, India
Shifts: Flexible shift timings; willingness to work in shifts as required by business needs (Month ending Night Shift )
Preferred Qualifications
Bachelor’s degree in finance and accounting and CA/CMA/ CPA.
8to 15 years of experience in cost accounting, inventory management, or manufacturing finance.
Knowledge of GAAP/IFRS inventory standards and internal controls related to costing and inventory.
Exposure to multi-site/global inventory and cost analysis.