Cost & Management Accountant (CMA)

Position

Cost & Management Accountant (CMA) – Government Project

Job Summary

We are seeking a qualified Cost & Management Accountant (CMA) to support the financial management, cost control, budgeting, accounting, and reporting requirements of a government project. The candidate will be responsible for ensuring financial discipline, compliance with applicable government rules and regulations, accurate project costing, and timely submission of financial reports.

Key Responsibilities

- Prepare and monitor project budgets, cost estimates, and financial plans.
- Track project expenditure against approved budgets and identify cost variances.
- Prepare monthly, quarterly, and annual financial and management reports.
- Conduct cost analysis and provide recommendations for effective cost control.
- Maintain and review project accounts, ledgers, vouchers, and supporting documents.
- Monitor fund utilization and ensure expenditure is made in accordance with approved project provisions.
- Assist in preparation and review of Utilization Certificates (UCs), expenditure statements, and financial statements.
- Ensure compliance with applicable government financial rules, project guidelines, accounting standards, and statutory requirements.
- Coordinate with government departments, project authorities, auditors, consultants, vendors, and other stakeholders.
- Support internal, statutory, government, and project audits and provide required documentation and explanations.
- Review vendor bills, work orders, purchase orders, contracts, and payment documentation from a financial and cost-control perspective.
- Monitor contract/project costs, commitments, advances, and outstanding payments.
- Identify financial risks, irregularities,



and areas for improving project efficiency.
- Assist management in financial decision-making through MIS reports, cost analysis, and financial forecasts.
- Maintain proper documentation and records for audit and government review.
- Perform other finance and project-related responsibilities assigned by management/project authorities.

Required Qualifications

- CMA (Cost & Management Accountant) – qualified or intermediate, depending on project requirements.
- Bachelor's degree in Commerce, Finance, Accounting, or a related field preferred.
- Knowledge of government project accounting, budgeting, cost control, and financial reporting.
- Working knowledge of MS Excel, accounting software/ERP, and MIS reporting.
- Good understanding of audit procedures and statutory compliance.

Experience

- 2–5 years of relevant experience in finance, cost accounting, project accounting, or government/PSU projects preferred.
- Experience working with government departments, PSUs, government-funded projects, infrastructure projects, or consulting organizations will be an advantage.

Key Skills

- Project Cost Management
- Budgeting & Financial Planning
- Cost Variance Analysis
- Government Project Accounting
- MIS & Financial Reporting
- Audit & Compliance
- Utilization Certificate & Expenditure Reporting
- Advanced MS Excel
- ERP/Accounting Software
- Stakeholder Coordination
- Solid analytical and communication skills

Key Performance Indicators (KPIs)

- Accuracy and timeliness of financial reports
- Effective project cost control
- Budget utilization and variance management
- Timely completion of audit requirements
- Compliance with government/project financial guidelines
- Accuracy of project accounts and documentation
- Timely submission of UCs, MIS, and expenditure statements

📌 CMA (Raipur)
🏢 Choice International
📍 Raipur