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Vidya Wires - Manager - Cost Management - CMA / ICWA

Vidya Wires - Manager - Cost Management - CMA / ICWA

Vidya WiresGujarat, India
30+ days ago
Job description

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.

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, 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
  • (ref : iimjobs.com)

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    Cost Manager • Gujarat, India

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