Deputy Manager-Inventory Accounting & Costing

Company Description Exide Energy Solutions Ltd is leading the way in advanced energy storage by establishing Indias 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: 48 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 strong internal financial controls. Key Responsibilities 1. Inventory Accounting & Control (Plant + SAP Driven) Account for all inventory transactions: RM, WIP, FG, consumables, stores & spares, scrapMonitor material movements: GRN, issues, transfers, subcontractingPerform periodic physical stock verification and reconcile with SAP stockInvestigate and report stock variances, shrinkage, and process lossesEnsure 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 SAPAnalyse material, labour, and overhead variances (plan vs actual)Monitor slow-moving, non-moving, and obsolete inventory and recommend provisionsWork 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, 2014Prepare product-wise / process-wise cost sheetsCapture quantitative details: materials, utilities, labour, overheadsEnsure 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, 2013Prepare cost statements, annexures, and reconciliation with financial accountsCoordinate with cost auditors and resolve audit queriesEnsure 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 mappingWork on FI integration for inventory accounting and reconciliationSupport CO module activities:Product costingCost centre accountingInternal ordersRun 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 SAPEnsure:GR/IR reconciliationStock in transit accountingProvision for expenses and inventory adjustmentsReconcile inventory sub-ledger with General LedgerSupport financial reporting and schedules 7. MIS, Analytics & Business Support Prepare:Inventory aging reportsConsumption analysisCost variance analysis (standard vs actual)Provide insights on:Cost reduction opportunitiesProcess inefficienciesSupport budgeting, forecasting, and standard cost revisionWork closely with production, procurement, and supply chain teams 8. Internal Financial Controls (IFC) & Governance Implement and monitor internal controls over inventory and costingEnsure maker-checker controls in SAPSupport internal audit, statutory audit, and IFC testingEnsure compliance with SOPs and financial disciplineStrengthen 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 accountingHands-on experience in SAP S/4HANA (MM + FI + CO integration)Knowledge of Cost Accounting Standards (CAS) and cost auditStrong analytical and problem-solving skillsHigh attention to detail and data accuracyAbility to work in plant and cross-functional environment Qualifications & Experience Education: B.Com / M.Com / CMA (Inter / Final preferred)/CA (Inter / Final preferred)Experience: 48 years in manufacturing (plant costing / inventory role)Experience in SAP S/4HANA environment is mandatory Key Performance Indicators (KPIs) Inventory