Chief Cost Accountant

3 days ago

Ahmedabad, Gujarat, India beBeeFinancial Full time ₹ 10,00,000 - ₹ 15,00,000
Job Title: Financial Analyst - Cost Management

About the Role:

This is a key position in our organization, responsible for overseeing cost control, budgeting, product costing, and variance analysis. The successful candidate will have expertise in cost accounting principles, manufacturing cost audits, and statutory compliance related to cost records.

Main Responsibilities:

  • Costing & Budgeting:
    • Prepare, monitor, and analyze annual budgets and forecasting for all departments.
    • Maintain accurate product costing, including raw materials, work-in-progress, and finished goods.
    • Monitor cost variances and conduct cost-benefit analysis for process improvements.
  • 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.
  • 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).
  • 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.
  • Inventory & Production Costing:
    • Verify and reconcile inventory valuation (raw materials, work-in-progress, finished goods).
    • Work closely with the production department to identify cost-saving opportunities.
    • Monitor scrap generation and recovery analysis.

Requirements:

  • 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:

  • 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

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