Cost Management Accounts

Position Overview:

The Cost and Management Accountant will be responsible for overseeing cost control, budgeting, product costing, variance analysis, and MIS reporting to support business decision-making. The role requires expertise in cost accounting principles, manufacturing cost audits, and statutory compliance related to cost records.

Key Responsibilities:

1. Costing & Budgeting

• Prepare, monitor, and analyze

  annual budgets

  and

  forecasting

  for all departments.
• Maintain accurate

  product costing

  , including raw materials, WIP, and finished goods.
• Monitor cost variances and conduct

  cost-benefit analysis

  for process improvements.

2. Cost Control & Analysis

• Track and analyze

  material consumption

  , wastage, and efficiency reports.
• Monitor

  overheads

  and implement measures to reduce costs.
• Conduct

  variance analysis

  between standard cost, budget, and actuals.

3. MIS & Reporting

• Prepare

  Monthly MIS reports

  including profitability analysis, break-even analysis, and segment-wise performance.
• Provide data-driven insights to

  management

  for decision-making.
• Maintain

  cost records

  as per Cost Accounting Standards (CAS).

4. Compliance & Audit

• Ensure compliance with

  Cost Audit

  requirements under the Companies Act, 2013.
• Coordinate with

  statutory auditors

  ,

  cost auditors

  , and internal auditors.
• Prepare and file

  Cost Audit Report (CRA-3)

  and

  Cost Compliance Report (CRA-2)

  in a timely manner.

5. Inventory & Production Costing

• Verify and reconcile

  inventory valuation

  (raw materials, WIP, finished goods).
• Work closely with the production department to identify

  cost-saving opportunities

  .
• Monitor

  scrap generation

  and recovery analysis.

Skills & Competencies Required:

• Strong knowledge of

  Cost Accounting Standards (CAS)

  and

  Indian Accounting Standards (Ind AS)

  .
• Proficiency in

  ERP software

  (preferably Microsoft Dynamics / SAP / Oracle).
• Advanced Excel & financial modeling skills.
• Strong analytical & problem-solving skills.
• Good understanding of manufacturing processes.

Qualifications & Experience:

• Qualification:

  CMA (ICWA) qualified.

• Experience:

  3-7 years in costing & management accounting, preferably in a manufacturing company.

• Industry Preference:

  Copper wire, cable, electrical, or any process manufacturing industry.