Manager - Costing

Role & responsibilities

1. Product Costing & Estimation

• Prepare detailed cost sheets covering raw materials, labour, overheads, and other direct/indirect costs.
  
• Develop and maintain standard costing systems.
  
• Support pricing decisions with accurate cost analysis.
  
• Review BOM and routing data for cost accuracy.
  

2. Variance Analysis

• Analyze material, labour, and overhead variances (standard vs actual).
  
• Identify reasons for deviations and recommend corrective actions.
  
• Present variance reports with financial impact analysis.
  

3. Inventory & Consumption Control

• Monitor material consumption trends and wastage levels.
  
• Reconcile physical stock with book records.
  
• Control slow-moving and obsolete inventory.
  
• Ensure proper valuation of inventory as per accounting standards.
  

4. Cost Reporting & MIS

• Prepare monthly cost MIS and management reports.
  
• Provide product-wise, order-wise, and department-wise profitability reports.
  
• Support monthly and annual financial closing activities.
  

5. Cross-Functional Coordination

• Work closely with Production, SCM, Merchandising, and Finance teams.
  
• Provide cost impact analysis for new products and process changes.
  
• Support management in budgeting and forecasting exercises.

Preferred candidate profile

• CA / CMA / MBA (Finance) / B.Com
  
• 8-12 years of experience in manufacturing costing
  
• Experience in ERP-based costing systems preferred

• Strong knowledge of Cost Accounting Standards (CAS), BOM, and process costing principles