Manager / Senior Manager Costing

Role Summary:

The role will be responsible for driving product costing, cost optimization, and profitability analysis across the manufacturing lifecycle. The candidate will partner with cross -functional teams (procurement, production, R&D, finance) to ensure accurate cost structures, identify savings opportunities, and support strategic decision -making.

Key Responsibilities:

1. Product Costing & Analysis

• Prepare and validate BOM (Bill of Materials) and routing -based product costing.
  
• Conduct standard costing, variance analysis, and cost roll -ups for new and existing products.
  
• Analyze material, labor, and overhead costs to identify cost drivers.
  

2. Budgeting & Cost Control

• Support annual budgeting and periodic forecasts from a costing perspective.
  
• Monitor actual vs. standard cost variances and drive corrective actions.
  
• Develop cost benchmarks and track plant -level efficiency metrics.
  

3. New Product Costing (NPD Support)

• Work closely with R&D and engineering teams for should -costing and target costing.
  
• Provide cost inputs during product design to ensure cost competitiveness.
  

4. Procurement & Vendor Costing

• Evaluate vendor quotations and support price negotiations with procurement teams.
  
• Conduct make vs. buy analysis and vendor cost comparisons.
  

5. Inventory & Manufacturing Accounting

• Ensure accurate costing in ERP systems (SAP/Oracle/others).
  
• Monitor inventory valuation, slow -moving and obsolete stock provisions.
  

6. MIS & Reporting

• Prepare monthly costing reports, margin analysis, and dashboards for management.
  
• Present insights on cost reduction opportunities and profitability improvement.
  

7. Cost Optimization Initiatives

• Drive value engineering and cost reduction projects across plants.
  
• Identify opportunities in process improvement, waste reduction, and productivity enhancement.
  

Requirements

Education:

• CA / CMA (preferred) or MBA Finance / B.Com with relevant experience
  

Experience:

• 6–10 years in costing within manufacturing (preferably appliances, consumer durables, or engineering)
  
• Strong exposure to plant costing / factory finance
  

Skills & Competencies:

• Strong understanding of standard costing, BOM, variance analysis
  
• Hands -on experience with ERP systems (SAP preferred)
  
• Advanced Excel and data analysis skills
  
• Strong business partnering and stakeholder management
  
• Analytical mindset with attention to detail
  

Preferred Background:

• Experience in appliance manufacturing (ACs, refrigerators, washing machines, small appliances, etc.)
  
• Exposure to multi -plant operations or high SKU environments