
Cost Management Accounts
3 hours ago
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.
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