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)