Deputy Manager - Costing F&A

Date: 15 Jan 2026

Location:

Igatpuri, Igatpuri, IN

Company: Mahindra & Mahindra Ltd

Responsibilities & Key Deliverables

Costing

Maintain Material Master Data per SAP standard processes.
Analyze material consumption for various SAP movements and drive actions for cost control.
Identify and present cost-impacting elements on P&L not through BOM.
Conduct monthly Variance Analysis of manufacturing parts: Standard vs. Actual.
Assess the impact of material price and vendor mix changes on Engine/Vehicle costs.
Perform Standard Costing, Monthly Rollup, and Budget Rollup for existing and new Engine models.
Prepare model cost comparison with Standard cost, and MIS to explain cost changes.
Handle Inter-Unit Transfer parts valuation.
Determine Sale Pricing for Engines.
Validate Cost Saving ideas from the Operations team.
Implement internal checks and controls for accurate aggregate/vehicle costing.
Generate and propose cost reduction ideas for implementation.
Reconcile material consumption report for FI vs CO monthly.
Compile expenses to calculate Hourly rates for Machines & Direct Labor and apply them to Manufacturing parts to detail Expenses at Engine/Vehicle level.
Prepare and discuss capacity utilization reports monthly with Plant Head.
Monitor and reconcile Scrap related activities and generate MIS.

Inventory

Conduct month-end Inventory valuation for Bought-out, Mfg-WIP & FG and calculate NODs.
Analyze Inventory partwise, including further analysis by model level, ABC, Age, Slow & Non-moving parts.
Calculate provisions for Slow & Non-moving stock and write back.
Generate MIS showing value trends & NODs, highlighting actionable points for value control and target NOD achievement.
Analyze FG stock based on age and movement.
Conduct monthly reviews with the Purchase Dept and Plant Head.
Participate and drive actions in physical stock take, both Perpetual and Annual.

Budget

Develop Material consumption Budget based on the next year's production plan.
Estimate Inventory and NODs for the upcoming financial year.

Audits

Participate in Internal & External Audits.
Monitor ICFR and COSO compliances, and ensure internal controls checklist adherence.
Conduct self-audits on various material movements and SAP transactions.
Perform Process Audits as planned by Costing CoE.

Routine Operations

Handle day-to-day operational issues.
Support Costing CoE with MIS and analysis requirements.
Focus on IT enablement and report digitization for ongoing improvement.

Experience

2-5 years

Industry Preferred

Automotive, Engineering

Qualifications

ICWA

General Requirements

Our commitment to Diversity, Equity, and Inclusion

At Mahindra and Mahindra Limited, we believe that diversity drives innovation, and inclusion is at the heart of everything we do. We are committed to cultivating a workplace where every individual feels valued, respected, and empowered to thrive.
We are proud to be an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to age, caste, race, religion, color, ethnic origin, gender identity, nationality, physical or mental disability, medical condition, sexual orientation, educational background, marital or domestic partnership status, pregnancy or childbirth, veteran status, citizenship status, ancestry, financial status, or any other personal characteristic protected by applicable law.
We actively encourage candidates from all backgrounds to apply and bring their unique perspectives to our teams. We are committed to ensuring an accessible and inclusive experience for all applicants.
Together, we rise by embracing differences and building a future that reflects the communities we serve.