Deputy Manager-Inventory Accounting & Costing (Devanahalli)

Company Description Exide Energy Solutions Ltd is leading the way in advanced energy storage by establishing India’s first Giga plant to manufacture Lithium-Ion Cells in Bengaluru. The company specializes in designing, developing, and manufacturing high-performance Lithium-Ion Cells and Battery Pack solutions. These solutions cater to a range of energy storage needs across Automotive and Industrial sectors, driving innovation and sustainability. Exide Energy is committed to powering the future with cutting-edge technology and global industry standards. Exide Energy Solutions Ltd is looking for a dynamic and detail-oriented person to join our team! Location: Devanahalli, Bangalore Experience: 4–8 years Employment Type: Full-time Job Summary This role is responsible for end-to-end inventory accounting, valuation, and cost management , including maintenance of statutory cost records and coordination of cost audit . The position ensures accurate cost capture across raw materials, WIP, and finished goods, leveraging SAP S/4HANA (MM, FI, CO modules) , while maintaining compliance with regulatory requirements and robust internal financial controls. Key Responsibilities 1. Inventory Accounting & Control (Plant + SAP Driven)
- Account for all inventory transactions: RM, WIP, FG, consumables, stores & spares, scrap
- Monitor material movements: GRN, issues, transfers, subcontracting
- Perform periodic physical stock verification and reconcile with SAP stock
- Investigate and report stock variances, shrinkage, and process losses
- Ensure proper cut-off procedures during month-end and year-end 2. Inventory Valuation & Costing
- Ensure valuation of inventory as per FIFO / Weighted Average / Standard Costing (as applicable)
- Perform standard cost roll-up using BOM and routing in SAP
- Analyse material, labour, and overhead variances (plan vs actual)
- Monitor slow-moving, non-moving, and obsolete inventory and recommend provisions
- Work on product costing (CK11N / CK40N) and cost estimates in SAP 3. Cost Records Maintenance (Statutory Compliance)
- Maintain cost records as per Companies (Cost Records and Audit) Rules, 2014
- Prepare product-wise / process-wise cost sheets
- Capture quantitative details: materials, utilities, labour, overheads
- Ensure alignment with applicable Cost Accounting Standards (CAS)
- Maintain proper documentation for cost data and assumptions 4. Cost Audit Coordination
- Support cost audit under Companies Act, 2013
- Prepare cost statements, annexures, and reconciliation with financial accounts
- Coordinate with cost auditors and resolve audit queries
- Ensure timely filing of cost audit reports (CRA forms, if applicable)
- Track and implement audit observations 5. SAP S/4HANA – MM, FI & CO Integration
- Ensure accurate inventory postings in SAP MM (Material Management)
- Validate material master, valuation class, price control (V/S), and GL mapping
- Work on FI integration for inventory accounting and reconciliation
- Support CO module activities:
- Product costing
- Cost centre accounting
- Internal orders
- Run and monitor:
- Material Ledger (Actual Costing)
- Month-end closing (MM/FI/CO integration)
- Resolve system-related discrepancies and support SAP improvements 6. Month-End & Year-End Closing (Plant + HO Coordination)
- Perform inventory and costing closure activities in SAP
- Ensure:
- GR/IR reconciliation
- Stock in transit accounting
- Provision for expenses and inventory adjustments
- Reconcile inventory sub-ledger with General Ledger
- Support financial reporting and schedules 7. MIS, Analytics & Business Support
- Prepare:
- Inventory aging reports
- Consumption analysis
- Cost variance analysis (standard vs actual)
- Provide insights on:
- Cost reduction opportunities
- Process inefficiencies
- Support budgeting, forecasting, and standard cost revision
- Work closely with production, procurement, and supply chain teams 8. Internal Financial Controls (IFC) & Governance
- Implement and monitor internal controls over inventory and costing
- Ensure maker-checker controls in SAP
- Support internal audit, statutory audit, and IFC testing
- Ensure compliance with SOPs and financial discipline
- Strengthen documentation and audit trail 9. Cross-Functional Coordination
- Work with:
- Production (for yield, wastage, BOM accuracy)
- Procurement (for material pricing and vendor analysis)
- Stores (for stock handling and controls)
- Sales (for SKU profitability analysis) Key Skills & Competencies
- Strong expertise in inventory accounting and cost accounting
- Hands-on experience in SAP S/4HANA (MM + FI + CO integration)
- Knowledge of Cost Accounting Standards (CAS) and cost audit
- Strong analytical and problem-solving skills
- High attention to detail and data accuracy
- Ability to work in plant and cross-functional environment Qualifications & Experience
- Education: B.Com / M.Com / CMA (Inter / Final preferred)/CA (Inter / Final preferred)
- Experience: 4–8 years in manufacturing (plant costing / inventory role)
- Experience in SAP S/4HANA environment is mandatory Key Performance Indicators (KPIs)
- Inventory accuracy and variance levels
- Timely completion of cost records and audit compliance
- Accuracy of product costing and variance analysis
- Reduction in obsolete/slow-moving inventory
- SAP data accuracy and reconciliation differences
- Audit observations closure time Apply on Kit Job: kitjob.in/job/4m3rlj