About Derewala Industries Ltd.:
Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery. Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.
Location - Sitapura, Jaipur
Working Days - 6
Key Responsibilities:
Develop a deep understanding of manufacturing processes and various costing methodologies.
Manage inventory valuation through ERP systems, preferably Microsoft Dynamics AX 2009 (Axapta).
Analyze Cost of Goods Sold (COGS), gross margins, and net profitability.
Review and validate job card closures, production transactions, inventory movements, stock transfers, and material consumption at the transaction level.
Verify the accuracy of Bills of Materials (BOMs) and ensure ERP data is maintained as per approved BOMs.
Calculate and monitor overhead absorption through the ERP system.
Prepare product costing and pricing to support the CRM and Sales teams.
Prepare production and sales budgets related to costing.
Monitor demand and consumption of high-value consumables such as Gold Plating Chemicals (GPC), Rhodium, and other critical materials across manufacturing units.
Conduct profitability analysis by Sales Order, Customer, Product, and Business Unit.
Analyze production efficiency and precious metal losses (Gross & Net) department-wise and metal-wise.
Identify cost-saving opportunities and recommend process improvements.
Study and analyze consumables consumption patterns to optimize utilization.
Conduct cost investigations and variance analysis whenever required.
Monitor inventory movements, including non-moving, slow-moving, and high-moving inventory, and control scrap ratios and metal loss reconciliations.
Perform month-end inventory recalculation and inventory valuation closing in the ERP system.
Reconcile ERP inventory with physical inventory, investigate discrepancies, and provide justifications.
Prepare periodic MIS reports and dashboards related to costing, inventory, and profitability for management review.
Qualifications & Experience:
CMA Requried.
4–5 years of post-qualification experience in a manufacturing organization.
Experience in ERP-based costing and inventory modules is required.
Knowledge of Microsoft Dynamics AX 2009 (Axapta) is an advantage.
Required Skills:
Strong knowledge of cost and inventory accounting.
ERP and inventory valuation expertise.
Good analytical and problem-solving skills.
Proficiency in Microsoft Excel and MIS reporting.
Understanding of manufacturing operations and production costing.
Strong communication skills and attention to detail.