Job Purpose :
To manage and execute product costing activities, ensuring accurate cost analysis, cost control, and financial insights to support pricing decisions and operational efficiency.
Key Responsibilities :
1. Product Costing & Analysis :
- Prepare and update standard product costing for existing and new products.
- Analyse Bill of Materials (BOM), routing, labour, and overhead costs.
- Validate production cost sheets and ensure accuracy of cost components.
- Conduct variance analysis (material, labour, overheads) and highlight deviations.
2. Cost Control & Monitoring :
Monitor manufacturing expenses and identify cost-saving opportunities.Review inventory valuation based on standard costing and actual consumption.Support budgeting and forecasting for production cost elements.3. Reporting & Documentation :
Prepare monthly cost reports, contribution margin statements, and profitability analysis.Maintain cost master data in ERP systems Ensure proper documentation for costing assumptions, updates, and audit requirements.4. Cross-Functional Coordination :
Coordinate with Production, Purchase, Quality, and Supply Chain teams for cost inputs.Support management in pricing decisions through cost insights.Assist in New Product Development (NPD) costing and feasibility analysis.Qualifications & Experience :
ICWA (preferred) / CA2-5 years of experience in product costing, manufacturing costing, or cost accounting.Strong understanding of BOM, process costing, and standard costing.Experience with ERP systems; advanced Excel skills required.(ref : iimjobs.com)