Vidya Wires - Manager - Cost Management - CMA/ICWA

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