Cost & Inventory Accountant (Qualified CMA)

Job Title: Cost & Inventory Accountant (Qualified CMA) Department: Finance & Accounts Location: Jalan Complex, Howrah Employment Type: Full-Time Salary Up to 6 LPA Job Summary We are looking for a Qualified CMA with at least 1 year of post-qualification experience in the manufacturing industry to join our Finance & Accounts team.

The ideal candidate should possess strong expertise in inventory accounting, cost analysis, inventory controls, and manufacturing finance. This role requires close coordination with the Stores, Production, Purchase, and Finance departments to ensure accurate inventory records, cost control, and timely reporting . The candidate should be comfortable working in rotational day and night shifts on a weekly basis.

Key Responsibilities

Inventory Management (Primary Responsibility)

• Monitor and control inventory across raw materials, work-in-progress (WIP), finished goods, consumables, and packing materials.
• Ensure accurate inventory accounting and valuation in accordance with company policies and accounting standards.
• Conduct regular physical stock verification and cycle counts.
• Reconcile physical inventory with ERP/system records and investigate discrepancies.
• Prepare inventory reconciliation reports and recommend corrective actions.
• Analyse inventory movement, slow-moving, non-moving, excess, obsolete, and damaged stock.
• Coordinate with Stores, Production, Purchase, and Dispatch teams to maintain inventory accuracy.
• Ensure timely recording of all material receipts, issues, transfers, and adjustments.
• Monitor inventory ageing and recommend inventory optimization strategies.
• Strengthen inventory control procedures to minimize losses, wastage, and pilferage.
• Support month-end and year-end inventory closing activities.
• Participate in internal and external inventory audits and ensure audit readiness.
• Prepare inventory MIS reports and dashboards for management review.
• Ensure proper documentation for stock movements and inventory transactions.
• Assist in implementing and improving inventory management systems and internal controls. Cost Accounting
• Prepare product costing and cost sheets.
• Analyse production costs and identify cost-saving opportunities.
• Monitor manufacturing variances and prepare variance analysis reports.
• Assist in budgeting and cost control initiatives.
• Analyse material consumption and production efficiencies.
• Support management with profitability analysis and decision-making reports. Financial Reporting & Compliance
• Prepare monthly MIS reports related to inventory and costing.
• Assist in monthly and annual financial closing.
• Coordinate with auditors during statutory, internal, and cost audits.
• Ensure compliance with accounting standards and company policies.
• Maintain proper accounting records and supporting documentation. Cross-Functional Coordination
• Work closely with Production, Purchase, Stores, Quality, and Dispatch teams. Desired Candidate Profile
• Qualified CMA (Cost & Management Accountant).
• Minimum 1 year of post-qualification experience in a manufacturing company.
• Strong understanding of inventory accounting and manufacturing costing.
• Hands-on experience in inventory reconciliation and stock verification.
• Experience working with ERP systems will be an advantage.
• Excellent analytical and problem-solving skills.
• Proficient in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, formulas, and MIS reporting.
• Comfortable working in rotational weekly day and night shifts .

Required Skills

• Inventory Management
• Cost Accounting
• Manufacturing Accounting
• Inventory Reconciliation
• Physical Stock Verification
• Cost Analysis
• Inventory Valuation
• MIS Reporting
• Variance Analysis
• ERP Systems
• Internal Controls
• Manufacturing Finance
• Audit Coordination
• Advanced Microsoft Excel
• Analytical Skills
• Attention to Detail Requirements Required Skills
• Inventory Management
• Cost Accounting
• Manufacturing Accounting
• Inventory Reconciliation
• Physical Stock Verification
• Cost Analysis
• Inventory Valuation
• MIS Reporting
• Variance Analysis
• ERP Systems
• Internal Controls
• Manufacturing Finance
• Audit Coordination
• Advanced Microsoft Excel
• Analytical Skills
• Attention to Detail Benefits Up to 7 LPA