Assistant Manager Costing

As an Assistant Manager Costing, you will be responsible for preparing, monitoring, and analyzing cost-related data to support operational efficiency and strategic decision-making in a food manufacturing environment. Your role will involve product costing, variance analysis, inventory valuation, and ensuring compliance with accounting and regulatory standards. Key Responsibilities: - 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. - Analyze changes in materials, labor, and overhead costs to determine effects on product cost. - Assist in new product costing. - Prepare monthly/quarterly cost reports and profitability analysis. - Monitor actual vs standard cost variances (material, labor, overhead). - Conduct root cause analysis for variances and suggest corrective actions. - Track cost reduction initiatives and report savings. - Analyze production cost trends and forecast future costs. - Analyze 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. - 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. - 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.,