Assistant Manager Costing

The Assistant Manager – Costing is responsible for preparing, monitoring, and analysing cost-related data to support operational efficiency and strategic decision-making in a food manufacturing environment. The role involves product costing, variance analysis, inventory valuation, and ensuring compliance with accounting and regulatory standards.

Key Responsibilities:

1. Product Costing & Standard Cost Maintenance

• Prepare and maintain standard costs for all SKUs, BOMs (Bill of Materials), and recipes.
• Prepare a Monthly cost sheet based on the actual cost incurred
• Analyse changes in materials, labour, and overhead costs to determine effects on product cost.
• Assist in new product costing.
• Prepare monthly/quarterly cost reports, profitability analysis

2. Cost Control & Variance Analysis

• Monitor actual vs standard cost variances (material, labour, overhead).
• Conduct root cause analysis for variances and suggest corrective actions.
• Track cost reduction initiatives and report savings.
• Analyse production cost trends and forecast future costs
• Analyse trends and variances in sales, costs, and performance metrics.

• Highlight areas of concern or improvement.

• Assist in system upgrades or implementations related to MIS.

• Assist in annual budget preparation.

• Support cost forecasting and scenario analysis.
• Work closely with the Stores, FG inventory and production teams

3. Inventory Management & Valuation

• Monitor inventory movements across raw materials and finished goods.
• Ensure accurate inventory valuation and provisions for obsolete/slow-moving items.
• Assist in periodic stock audits and physical verifications.

4. Compliance & Internal Controls

• Ensure adherence to internal control systems and accounting standards.
• Assist in internal and statutory audits related to costing.

Key Skills & Competencies:

• Strong analytical and numerical skills
• In-depth knowledge of cost accounting principles and practices
• Proficiency in ERP systems (SAP, Oracle, etc.)
• Advanced Excel skills: knowledge of BI tools (Power BI/Tableau) is a plus
• Strong communication and interpersonal skills
• Ability to work under pressure and manage multiple deadlines

Qualifications:

• Education:

• CMA (ICWA)/ CA/ CMA Inter/ CA Inter

• Experience:

• 5+ years of experience in a similar costing role within the food manufacturing or FMCG industry

Preferred Industry Exposure:

• Food & Beverage Manufacturing
• FMCG / Consumer Goods
• Dairy, Bakery, or Packaged Foods production environments