Assistant General Manager Costing

Job Title: Assistant General Manager (AGM) Costing & Budgeting

Qualification:

• ICMAI qualification is mandatory

Experience:

• 10 to 15 years post-qualification experience exclusively in costing and budgeting functions
• Experience must be specifically in manufacturing industry costing, NOT in general finance or accounting roles

Budget:

• Flexible budget for exceptionally qualified candidates

Functional Responsibilities:

• Accurately determine the manufacturing cost of products and ensure timely cost updates
• Analyze and prepare Costing Profit & Loss accounts to support internal decision-making
• Validate strategic investments including ROI, CAPEX, KAIZEN projects
• Monitor, review, and optimize pricing for existing and new products
• Track, analyze, and control costs department-wise,including consumables, manpower, and overhead expenses
• Perform variance and trend analysis comparing actual costs vs budgets
• Ensure costing P&L reconciles correctly with finance records
• Update and revise key costing factors regularly and reflect changes in the ERP system
• Prepare monthly MIS reports, balanced scorecards, and support activity-based costing (ABC) initiatives
• Evaluate capacity utilization and efficiency of high-value machinery

Managerial Responsibilities:

• Review cost elements for prototype samples, new product models, and operational development (OPD) requests
• Prepare and present cost sheets for price revision discussions with management
• Update and maintain ERP rate charts for store/non-gold prices

Problem Solving & Process Improvement:

• Identify revenue leakages and establish continuous cost monitoring systems
• Conduct competitor cost analysis and implement internal cost reduction measures
• Request necessary computer hardware or peripherals to support costing functions

Decision Making:

• Finalize manufacturing costs for samples and new or modified products
• Evaluate and decide cost parameters for new projects and proposals

Documentation & Compliance:

• Maintain detailed monthly records of costing P&L accounts
• Update and manage the Costing Manual as part of the Integrated Quality Management System (IQMS)
• Keep accurate ERP records for rate charts, stone master data, and agreement master files

Communication & Coordination:

• Participate actively in HOD meetings, core committees, innovation councils, and pricing review sessions
• Coordinate with R&D, Production, Marketing, and other internal departments for costing data collection and analysis
• Engage with external stakeholders like customers and competitors for make-or-buy decisions and pricing benchmarking

Skills & Competencies:

• Strong expertise in product costing, budgeting, and variance analysis (costing focus only)
• Deep understanding of production processes and product life cycles
• Experience in data analytics, forecasting, and reporting tools
• Proficiency with MS Excel, PowerPoint, Word, and ERP systems (preferably Microsoft Dynamics AX)
• Excellent planning, coordination, and communication skills

Remuneration:

• As per industry standards and candidate experience