CMA-FInal - Assistant Manager-Costing & Management Accounting

Assistant Manager - Costing & Management Accounting

Role & Responsibilities

• Drive the

  annual business plan process

  by collating inputs from various stakeholders, preparing, and finalizing the detailed business vertical-wise annual budget.
• Ensure

  budgetary adherence

  on all cost elements in the end-to-end manufacturing process and drive

  cost optimization initiatives

  .
• Ensure timely and accurate reporting of

  financials and other management reports

  with variance analysis to stakeholders.
• Evaluate

  Capex investment proposals

  in terms of budget adherence, payback period, net present value, etc., and monitor and report the variance in actual performance.
• Evaluate the

  financial viability of new business proposals

  in terms of payback, Net Present Value, and scenario analysis.
• Assess and mitigate

  financial risks

  , establish internal controls, prepare robust SOPs, and maintain compliance with relevant regulations and industry standards.
• Exercise overall control on

  inventory

  by periodic physical verification and reconciliation, optimizing and controlling inventory levels through defined KPIs, avoidance of Non-moving stock generation, ensuring FIFO's etc.
• Ensure timely completion of

  cost audit

  and other compliance/statutory requirements.
• Provide any other ad hoc reports or analysis required by management for critical decision-making.
• Involvement in

  organizational strategic planning

  .
• Support

  organizational developments

  .
• Leverage

  digital capabilities

  for innovative business solutions.
• Manage and develop staff.

Skills Required

• CMA Final

  qualification.
• Strong experience in

  budgeting and annual business planning

  .
• Proven ability to drive

  cost optimization

  and ensure budgetary adherence.
• Expertise in

  financial reporting, management accounting, and variance analysis

  .
• Proficiency in

  Capex evaluation

  (payback, NPV) and monitoring.
• Experience in assessing the

  financial viability of new business proposals

  .
• Knowledge of

  financial risk mitigation, internal controls, and SOP development

  .
• Strong understanding of

  inventory management and control

  (physical verification, KPIs, FIFO).
• Familiarity with

  cost audit

  and statutory compliance requirements.
• Ability to provide

  ad hoc financial analysis

  for strategic decisions.
• Involvement in

  strategic planning

  and organizational development.
• Adept at leveraging

  digital capabilities

  for financial solutions.
• Experience in

  staff management

  .