Assistant Manager - Costing (Product)

Role & responsibilities

• Need to manage cost estimations and ensure accurate cost reporting across products and processes.
• Should support pricing strategies, track cost efficiencies, and contribute to profitability analysis.
• Prepare, analyze and calculate product costs including materials, labor, and overhead for new products, existing products for new business & tender business.
• Providing quotes to the business team for the customers
• Evaluating the counter offers and finalizing the transfer price
• Monitor and review Bill of Materials (BOM) and ensure cost accuracy in ERP systems.
• Support pricing decisions by providing detailed cost breakdowns and margin analysis.
• Review variances between actual and standard costs and provide actionable insights.
• Collaborate with production, procurement, and finance teams to streamline cost structures.
• Maintain costing records and ensure compliance with internal and external audit requirements.
• Assist in budgeting and forecasting processes with cost-related data inputs.
• Recommend cost control measures and process improvements to enhance profitability.
• Responsible for Timely preparing & Analyzing Product Costing, Analysis of Input Raw & Other materials along with Plant Overheads for new products, existing products for new business & tender business.
• Discuss the product cost variance analysis with Plant Head, SCM, BD Teams & Other Cross Functional Teams (CFT)
• Business partner with PPIC, Production Team, Warehouse and other departments on Inventory and Cost Optimizations.
• Continuous Cost Improvement Programs working with various Cross Functional Teams
• Ensuring timely & accurate updation of SAP/ERP information / entries

Preferred candidate profile

Bachelor's /Masters degree in Accounting, Finance, Commerce

• 6-12 years of experience in cost accounting or costing analysis.
• Knowledge of Business Finance Analytics and product Costing
• Proactively manage & drive the functional activities
• Knowledge of Pharma Processes, Manufacturing costing, Product Pricing and Analysis
• Proficient in MS Excel, ERP/SAP systems.
• Knowledge of standard costing, activity-based costing, and product lifecycle costing.
• Good written and communication Skills