Costing Specialist

Role: Partner Costing

Reporting: Assistant Director - Costing

Function: Finance

Job purpose:

Accountable for managing the costing of products and optimising inventory levels across products / locations. Will be a key partner in managing working capital optimally and our products are competitively prices at the market-place.

Accountability Indicators:

• Working Capital
• Inventory days
• Availability of costing across products
• Management of pricing with customers

Key Responsibilities

Costing & Profitability Analysis

• Creating monthly process orders wise BOM COM - Product Costing (Cost of Manufacturing)
• Prepare Sales COM and profitability analysis to support business decisions.
• Maintain and update overhead cost files and opening balances.
• Calculation of Tariff cost charged in Export consignments
• Calculation of Monthly Inventory Provisions [SLOB and NRV]
• Prepare and Analyze product wise variance of cost of material and Overheads

Inventory Quantity Recon & Write-off Management

• Monitor inventory valuation, ageing, provisioning, and write-off activities.
• Manage write-off approvals, execution, and reporting of write off Analysis
• Prepare quantity reconciliation reports at company level.

Financial Analysis & Reporting

• Perform Cost Run analysis and GL reviews.
• Generate periodic MIS, variance analysis, and management reports.
• Track manufacturing overheads and cost performance across locations.

Compliance & Audit Support

• Support statutory, tax, internal, and external audit requirements.
• Provide costing schedules, reconciliations, and documentation for audit reviews.
• Ensure compliance with costing policies and financial controls.

Stakeholder Management

• Coordinate with Operations, Supply Chain, Procurement, and Commercial teams for costing, inventory, and pricing-related activities.
• Provide cost insights for pricing, tariff assessments, and business planning.

Qualification:

Education:

• ICWA

Experience:

• 4-6 years of experience •
• Minimum working experience of 2+ years in SAP
• Experience in manufacturing organizations

Skills & Competencies:

• Multi tasking and should be able to prioritize
• Ability to deal with ambiguity
• Work in high-pressure situation
• Stakeholder management
• Should have an analytical bend of mind
• Experience of costing and inventory valuation implementation in SAP