Costing Officer

Key Responsibilities

• Prepare and maintain standard costing for raw materials, work-in-progress, and finished goods (pellets, iron ore, by-products).
• Conduct periodic variance analysis (standard vs. actual) covering material, labour, and overhead costs, and report deviations to management.
• Support pricing decisions by preparing product cost sheets and profitability analysis.
• Assist in preparation of annual budgets and periodic cost forecasts; track actual spend against budget.
• Identify cost reduction and cost control opportunities across direct costs (material, labour, overheads) and indirect costs (admin, marketing, distribution).
• Maintain inventory valuation and reconciliation in coordination with stores and production teams.
• Prepare monthly costing MIS reports, cost audits, and support statutory cost audit requirements (Cost Records / CRA-3 as applicable).
• Work closely with production, stores, and finance teams to ensure accurate cost data capture in SAP.
• Support internal and statutory audits with costing schedules and reconciliations.

Preferred candidate profile

• CMA (Cost & Management Accountant) or equivalent professional qualification mandatory. CMA-Inter/Semi-qualified candidates with strong industry costing experience may also be considered.
• Professional working knowledge of SAP, specifically the Controlling (CO) / Product Costing (CO-PC) module — mandatory.
• Minimum 2+ years of experience in costing and budgeting, preferably in steel, mining, or manufacturing industries.
• Strong working knowledge of MS Excel for cost sheets, variance analysis, and reporting.
• Good understanding of standard costing, inventory valuation, and cost audit requirements.
• Excellent communication skills and ability to coordinate across production, stores, and finance functions.
• Ability to work in a fast-paced plant environment and meet reporting deadlines.