We are seeking a qualified Cost and Management Accountant to support the organization's cost optimization and financial decision-making processes. This role will be responsible for implementing and managing cost accounting systems, preparing accurate cost analysis reports, assisting in inventory valuation, and supporting pricing decisions. Work Responsibilities: 1. 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). - 5-8 years of relevant experience in a manufacturing environment, preferably in automotive or industrial components. - 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.

Bangalore

Cost & Management Accountant - Manufacturing/Automotive/Industrial Components 

Job Description for Cost & Management Accountant - Manufacturing/Automotive/Industrial Components  in Bizlumina Services Pvt. Ltd. in  Bangalore for (5-10) years of experience. Apply Now!