Management Accountant

Designation: Management Accountant

Experience: 3 years and above

Location: Airoli, Navi Mumbai

Education: CMA (ICWA) or CA or ICWA Inter or CA Inter

Shift Timing:

• 6 am to 3 pm (Home pickup provided)
• 11:30 am to 8:30 pm (Home drop provided)
• Work Mode: Work from office
• Role: Individual contributor role

Candidates from Manufacturing Companies Only!!!

Job Profile:

• Conducting monthly cost runs for inventory valuation, overhead allocations, and activity rate working.
• Managing inventory valuation processes, ensuring accurate stock reporting, timely adjustments, and quarterly provisioning.
• Preparing annual cost sheets and working on CAS-4 Certificates for inter-unit pricing to determine product and service costs.
• Compiling various MIS reports for board meetings and management decision-making regarding project profitability and cost comparisons.
• Conducting monthly analysis of sales vs. consumption bookings, identifying trends, and suggesting improvements in inventory management and procurement.
• Supporting inventory control processes and assisting in audits related to cost and inventory reporting.
• Processing import bill passing for inventory valuation of imported products and maintaining PO conditions.
• Assisting in month-end and year-end closing activities, including GL reviews, preparation of provisions, and accrual entries.
• Handling asset accounting in SAP, including acquisition to retirement processes, depreciation accounting, and monitoring of Capex proposals and CWIP.
• Assisting in audit schedules for statutory, tax, and transfer pricing audits.

Key Responsibilities:

• MIS Reporting
• Prepare plant-level MIS reports with a focus on cost and profitability assessments.
• Generate financial statements and quarterly reports for board-level review, supporting legal entity reporting and reconciliations.
• Month-End Close & Reporting
• Update and review cost accruals to ensure accurate financial reporting.
• Accruals & Prepayments
• Manage provisions, prepaid expenses, and accrual accounting to ensure compliance with financial standards.
• Variance Analysis
• Conduct analysis of actual results vs. budget/prior year across production volumes, variable and fixed costs, product mix, and variances.
• Provide insights into site cost development with detailed variance analyses.
• Budgeting & Financial Planning
• Prepare short-term quarterly budgets for cost control and financial planning, supporting yearly budget preparation.
• Productivity Monitoring
• Analyze process orders and monitor plant productivity by comparing product composition with Bill of Materials (BOM).
• Product Costing
• Calculate and report standard variable costs for all SKUs, assess contribution mix for capacity utilization, and optimize profitability.
• BOM Management
• Advise on BOM changes by tracking actual vs. standard composition in collaboration with the laboratory team.
• WIP Material Valuation
• Review quarterly WIP (Work in Progress) material costs and update in ERP if variances arise.
• Accounting Oversight
• Ensure accurate financial transactions for the plant's profit center and post intercompany debit notes.
• Cost Center Accounting
• Manage cost center accounting, perform GL reconciliations, and post rectification entries for accurate financial reporting.
• Asset Accounting
• Handle Internal Order (IO) creation, CWIP management, and asset creation in SAP while ensuring compliance with internal policies.
• Capex Monitoring
• Track budget vs. actual Capex bookings, report budget overruns, update forecasts, and calculate payback periods for capacity improvement projects.
• Inventory Management
• Monitor high-value inventory consumption against procurement to identify and address anomalies.
• Conduct inventory audits to reconcile physical stock with financial records.
• Cost Savings & Impact Analysis
• Prepare cost-saving reports, analyze the financial impact of technical projects, and identify cost optimization opportunities.
• Production Data Validation
• Monitor weekly production entries, align financial and production data, and validate data for HFM and intercompany transactions.
• Profitability & KPI Analysis
• Conduct product-wise profitability analysis, ratio analysis, and KPI assessments to support decision-making and improve capacity utilization.
• ESG Reporting
• Support ESG reporting at the divisional level by verifying data from multiple plants and contributing to fixed cost reduction initiatives.
• Employee Claims & Cost Recovery
• Process employee claims through SAP Concur and manage cost recovery/cross-charge entries for accurate financial records.
• Savings Analysis
• Develop reports comparing budgeted costs with actual savings from consultant recommendations, focusing on cost optimization.

Interested candidates can apply or share their CVs at [Confidential Information] or WhatsApp/Call at 6359743674