CMA

Job Description 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
• Strong 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