Costing Executive

Job Purpose

The Costing Executive is responsible for tracking, analysing, and managing manufacturing costs across diverse product categories (Biscuits, Bread, Cake and Beverages). In a contract manufacturing setup, this role is critical for ensuring accurate Bill of Materials (BOM) validation, monitoring raw material yields, managing process wastage, Expense - ( Opex/Capex) Analysis and evaluating product-wise profitability to safeguard both company margins and client service-level agreements (SLAs).

Key Responsibilities & Duties

1. Product Costing & BOM Validation

• Maintain and update the standard product costing sheets for all client-specific SKUs (Biscuits, Bread, and Cold Drinks etc).
• Conduct regular audits of the Bill of Materials (BOM) against physical floor consumption to account for volatile ingredients (e.g., flour, sugar, oil, flavourings, CO2, Other raw materials), Labour, Overheads etc.
• Evaluate and structure costing variables unique to contract manufacturing, such as conversion charges, machine-hour rates, Labour (Contractual) and specialized packaging configurations.

2. Variance & Yield Analysis

• Track and report daily/weekly material yield percentages for mixing, baking (biscuits/bread), and bottling/canning lines (cold drinks).
• Investigate variances between Standard Cost vs. Actual Cost for direct materials, labour, and factory overheads.
• Monitor and reconcile production floor losses, including dough scrap, baking rejection, over-weights, syrup spillage, and packaging line breakages.
• Monitoring & Control of Scrap generation.

3. Inventory Valuation & Control

• Oversee month-end stock verification and inventory valuation of raw materials, work-in-progress (WIP), and finished goods.
• Monitor shelf-life tracking for perishable ingredients (e.g., yeast, emulsifiers, etc) to prevent obsolescence and write-off costs.
• Collaborate with store and procurement teams to reconcile physical stocks with ERP records.

4. Operational Support & Reporting

• Prepare monthly Management Information System (MIS) reports detailing product-wise margins, capacity utilization costs, and overhead absorption. (Profitability)
• Track conversion costs specifically related to individual client contracts to ensure billing accuracy.
• Identify operational bottlenecks and recommend cost-optimization opportunities on the shop floor.

Preferred candidate profile

*Qualification : CA inter/ICWA (CMA)

*Must have hands-on working experience in SAP or similar ERP/order management software.