Job Title

Job OverviewThe Senior Cost Accountant will oversee all cost accounting activities within a metal manufacturing environment. This role is responsible for analyzing production costs, maintaining accurate cost structures, monitoring material and process efficiencies, and supporting strategic decision-making. The position plays a critical part in optimizing yields, controlling variances, and ensuring the integrity of cost and inventory data across operations.Key ResponsibilitiesCosting & Analysis● Maintain and update cost structures for raw materials, WIP, and finished goods within the SAP system.● Conduct detailed cost analysis of production processes including furnace operations, scrap management, melting loss, machine-hour utilization, fabrication, and consumables usage.● Perform standard costing, cost roll-ups, and implement standard revisions based on BOM/routing changes.● Analyze material, labour, and overhead variances and provide root-cause insights with corrective action recommendations.Inventory & Valuation● Track and review inventory valuation for RM, SFG, FG, scrap, rejects, and rework items.● Coordinate with Production, Purchase, and Stores teams to ensure stock accuracy, cycle counts, and physical verification.Reporting & Controls● Prepare monthly cost reports, budget vs. actual analysis, and other MIS reports for management.● Support capital expenditure evaluations and plant-wide cost reduction initiatives.● Ensure compliance with accounting standards, internal controls, and audit requirements.● Identify areas of wastage and drive cost-saving opportunities across the plant.New Product Development● Conduct cost estimation, quotation preparation, and price simulations for new product development.Skills & Competencies● Strong knowledge of metal manufacturing cost accounting, inventory management, and costing methodologies.● Proficiency in SAP (manufacturing modules preferred).● Excellent analytical skills and financial modeling capability.● Advanced Microsoft Excel skills; experience in reporting/BI tools is an advantage.● Effective communication and strong cross-functional collaboration ability.Qualifications● Graduate/Postgraduate in Commerce, MBA (Finance), or CMA (Inter/Final preferred).● 5–8 years of experience in cost accounting within metal manufacturing industries (Steel, Foundry, Aluminium, Machining, Forging, etc.).Key Performance Indicators (KPIs)● Accuracy of process and product costing.● Reduction in cost variances and achievement of cost optimization targets.● Inventory accuracy and scrap control effectiveness.● Timely submission of monthly MIS and adherence to audit requirements.Work Environment● Plant-based role with close coordination across production and supply chain teams.● Requires regular floor audits, physical verification, and hands-on engagement with operations.