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. .