SHRI MAHAVIR FERRO ALLOYS PRIVATE LIMITED
Website:
smfal.com
Job details:
Job Description - Assistant Manager – Costing
We are seeking an energetic and highly motivated Assistant Manager – Costing to join our team at our Kalunga facility. This role is focused on managing cost analysis, monitoring material and production costs, supporting budgeting and financial planning, and providing actionable insights to improve operational efficiency and profitability. The ideal candidate should have a strong understanding of cost accounting principles, manufacturing processes, and commercial operations, preferably within the steel manufacturing industry.
Key Responsibilities
- Cost Analysis & Reporting – Prepare, analyze, and monitor product costing, production costs, material consumption, and variance reports. Ensure accurate costing information is available for management decision-making.
- Budgeting & Cost Control – Support the preparation of annual budgets, forecasts, and cost control initiatives. Monitor actual costs against budgets and identify opportunities for cost optimization.
- Inventory & Material Cost Management – Monitor raw material, work-in-progress, and finished goods inventory valuation. Analyze material cost trends and recommend corrective actions where necessary.
- Commercial & Financial Analysis – Collaborate with the Accounts, Operations, Procurement, and Finance teams to analyze production costs, purchase costs, payment ageing, and commercial performance metrics relevant to the steel manufacturing ecosystem.
- Data Validation & Compliance – Ensure the accuracy of cost data by validating records against ERP entries, production reports, and inventory records. Maintain compliance with internal controls and accounting standards.
- Management Reporting – Prepare weekly and monthly MIS reports, cost statements, profitability analyses, and management presentations to facilitate timely business decisions.
Required Qualifications
- Bachelor's degree in Commerce, Finance, Accounting, Cost Accounting, or a related field.
- CA Inter / CMA (ICMA) Inter / CMA Qualified will be preferred.
Experience Required
- 5–8 years of relevant experience in costing, cost accounting, financial analysis, or manufacturing finance, preferably in the steel or manufacturing industry.
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