Promaynov Advisory Services Pvt. Ltd
Website:
promaynov.com
Job details:
Job Description - Costing & Inventory Controller
Role Summary
The Costing & Inventory Controller is responsible for ensuring accurate product costing, overseeing
inventory verification processes, coordinating with auditors, and maintaining compliance with internal
and external requirements. The role plays a critical part in supporting financial accuracy, operational
efficiency, and informed decision-making.
Key Responsibilities
Prepare monthly cost sheets and conduct detailed root cause analysis for major cost deviations.
Perform process-wise overhead rate calculations to ensure accurate allocation of indirect costs.
Prepare monthly Cost of Sales (COS) reconciliations in coordination with finance and operations
teams.
Validate production order consumption entries in alignment with the Bill of Materials (BOM)
before TECO, with complete documentation of discrepancies and root cause analysis.
Ensure BOM accuracy by reconciling BOM data with the QMS BOM on a quarterly basis.
- Stock Verification & Provisions
Oversee monthly stock-take activities in the factory; prepare consolidated stock count
summary reports and document reasons for any variances.
Coordinate with the Sales Team and external auditors for periodic stock verification at customer
locations.
Review inventory movement monthly and compute stock provisions by analysing slow-moving
and non-moving inventory.
- Audit Coordination (Statutory & Internal - Local & Group)
Serve as the primary liaison for statutory and internal auditors, ensuring timely completion of
audit activities.
Lead And Coordinate Workings Related To
- Stock valuation
- Cost reconciliation
- Stock movement analysis
- BOI-related costing documentation
- Unbilled revenue calculations
- Insurance Tracking
Maintain and update the monthly insurance tracker for factory assets and inventory to ensure
valid and adequate coverage at all times.
- Key Skills & Competencies
Cost Accountant with an experience of 7 to 8 years of experience preferred from FMCG /
Chemical / Pharma Industry.
Strong analytical and costing skills
Proficiency in SAP / ERP systems
Knowledge of BOM, inventory management, and production processes
Understanding of audit procedures and compliance
Attention to detail and ability to work with cross-functional teams
Advanced Excel skills
Click on Apply to know more.