01Key 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:
- 610 years in costing within manufacturing (preferably appliances, consumer durables, or engineering)
- Strong exposure to plant costing / factory finance
Skills & Competencies:
- Solid 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 .
