Head - Cost Accountant - Diamond & Jewellery Business - CA/ICWA/CMA

We're Hiring: Head Cost Accountant - Mumbai

Position: Head - Cost Accountant

Location: Mumbai

Department: Finance

Reporting To: CFO

Role Overview:

We are looking for an experienced Head Cost Accountant to lead costing, inventory valuation, pricing strategy, and profitability analysis across the Diamond & Jewellery business. The role requires driving end-to-end cost optimization, manufacturing cost control, pricing governance, and financial reporting while partnering closely with operations, sales, procurement, and finance teams.

Key Responsibilities:

Costing & Profitability:

• Develop and implement cost accounting frameworks.

• Analyze product-wise, customer-wise, and geography-wise profitability.

• Monitor standard vs. actual costs and recommend corrective actions.

• Identify cost-saving and margin improvement opportunities.

Manufacturing Cost Control:

• Monitor raw material, labour, overhead, and manufacturing costs.

• Analyze yield, recovery ratios, and production efficiencies.

• Track SKU-wise manufacturing costs and identify cost variances.

Inventory Valuation:

• Ensure accurate valuation of raw materials, WIP, finished goods, and inventory.

• Monitor stock movement, inventory ageing, and slow-moving inventory.

• Coordinate inventory reconciliation and physical verification.

Budgeting & Cost Planning:

• Prepare manufacturing budgets and cost forecasts.

• Monitor budget vs. actual performance.

• Support strategic cost planning and profitability initiatives.

Pricing Strategy:

• Develop pricing models based on cost, demand, inventory ageing, and market trends.

• Manage pricing structures, discount policies, and approval mechanisms.

• Partner with Sales for pricing decisions and margin optimization.

Financial Reporting & MIS:

• Prepare costing reports and MIS dashboards.

• Support audits related to costing and inventory valuation.

• Deliver profitability insights for management decision-making.

Process Improvement:

• Improve costing systems and automate processes.

• Develop analytical dashboards for cost monitoring.

• Drive continuous improvement initiatives.

Key Skills:

• Strong knowledge of Cost Accounting & Manufacturing Costing.

• Inventory Valuation & Yield Analysis.

• Budgeting & Financial Planning.

• Pricing Strategy & Cost Optimization.

• SAP/ERP Systems & MIS Reporting.

• Financial Analysis & Business Partnering.

• Strong analytical and leadership skills.

Qualifications:

• CA / ICWA (CMA) or equivalent qualification.

• 10-15 years of experience in Cost Accounting or Financial Control.

• Experience in Diamond, Jewellery, or Manufacturing Industry is preferred. .