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

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