Cost Accountant

Cost and Management Accountant

Role & Responsibilities:

Cost Accounting System Development

• Improve or design and implement a cost accounting framework from scratch, tailored to the manufacturing operations.
• Establish processes for capturing material, labor, and overhead costs in coordination with the concerned departments like production, procurement, marketing, finance etc.

Cost Accounting & Analysis

• Maintain and update standard cost systems and ensure correct allocation of overheads.
• Conduct regular product costings, variance analysis, and margin analysis.
• Collaborate with operations to track production costs and identify savings opportunities.

Inventory Valuation & Control

• Support inventory valuation in accordance with Indian Accounting Standards.
• Participate in stock audits and physical inventory checks.
• Monitor inventory movements and coordinate with stores and production for reconciliations.

Budgeting & Forecasting and Management Reporting (MIS)

• Assist in preparation of annual budgets and periodic forecasts.
• Provide cost inputs for strategic business planning and pricing decisions.
• Monitor budget adherence and analyze deviations.
• Generate periodic cost reports, profitability statements, and management dashboards.

Compliance & Coordination

• Ensure compliance with the

  Cost Accounting Standards

  (CAS) as prescribed by ICMAI.
• Support statutory and internal audits by providing cost records and justifications.
• Liaise with ERP/SAP teams to ensure data accuracy and timely updates in the costing modules.

Statutory Cost Audit & Regulatory Compliance

• Determine the applicability of cost audit requirements under the

  Companies (Cost Records and Audit) Rules, 2014

  and ensure timely compliance.
• Coordinate with the appointed

  Cost Auditor

  , acting as the internal point of contact for data, schedules, and explanations.
• Prepare and maintain prescribed

  cost records

  and statements as per the standards issued by

  ICMAI

  and requirements of

  Form CRA-1

  .
• Facilitate timely

  submission of CRA-4

  (Cost Audit Report) to the MCA, after Board approval, in coordination with the Company Secretary and CFO.

Preferred candidate profile:

• Qualified

  Cost and Management Accountant (CMA)

  from

  The Institute of Cost Accountants of India (ICMAI)

  .
• 5 to 10 years of relevant experience in a

  manufacturing environment

  , preferably in automotive or industrial components.
• Strong knowledge of cost structures, BOMs, overhead absorption, and cost audits.
• Working knowledge of one ERP.
• Sound understanding of Indian accounting and basic taxation principles.
• Good communication and interpersonal skills to coordinate with cross-functional teams.
• A self-starter with a hands-on and analytical approach.

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