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Cost & Management Accountant

Cost & Management Accountant

Agile Technology SolutionsMaharashtra, India
30+ days ago
Job description

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)

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    Cost Accountant • Maharashtra, India

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