Company Description :
Indian MNC Company Manufacturing Cutting Tools. Role Description. This is a full-time on-site role for a Cost & Management Accountant, located in Aurangabad. The Cost & Management Accountant will be responsible for preparing, analyzing, and maintaining financial.. Proficiency in Product Costing, Audit costing, MIS, Budgeting etc. Exp 5-7 years. Aurangabad MH. Strong Analytical Skills and expertise in Finance. Solid understanding and experience in Accounting. Excellent organizational and communication skills. Ability to work independently and collaboratively within a team. 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, labour, and overhead costs in coordination with the concerned departments like production, procurement, marketing, finance etc.
- Develop cost centres and reporting structures aligned with business requirements.
2. 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.3. Inventory Valuation & Control
Support inventory valuation in accordance with Indian Accounting Standards.Participate in stock audits and physical inventory checks.4. 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.5. 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.6. 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.Desired Candidate Profile :
Qualified Cost and Management Accountant (CMA) from The Institute of Cost Accountants of India (ICMAI).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.(ref : iimjobs.com)