Costing Analyst

Job Description

Job Title: Costing Analyst Manufacturing (Bath Fittings) Location: Mohali NOTICE PERIOD - Immediate joiners preferred Job Summary: Costing Analyst with 3-5 years of experience in the manufacturing industry, preferably in bath fittings, sanitaryware, or related sectors . The candidate will be responsible for analyzing product costs, implementing cost control measures, and optimizing financial performance through effective costing strategies. Key Responsibilities: Product Costing & Analysis : Evaluate raw material, production, and operational costs for various bath-fitting products. Standard Costing & Variance Analysis : Implement and maintain standard costing systems , analyze cost deviations, and provide recommendations to optimize cost structures. BOM & Process Costing : Develop and maintain a Bill of Materials (BOM) and ensure accurate process costing for different manufacturing stages. Inventory & WIP Valuation : Monitor inventory costs, work-in-progress (WIP), and finished goods valuation to ensure accuracy in financial reporting. Cost Control & Optimization : Identify cost-saving opportunities in procurement, production, and supply chain while maintaining quality standards. Budgeting & Forecasting : Assist in preparing annual cost budgets , forecasts, and profitability analysis for new product launches. ERP & Costing Systems : Work with ERP system to streamline costing reports and enhance data accuracy. Compliance & Reporting : Ensure adherence to cost accounting standards (CAS), GST implications on cost, and industry best practices . Cross-functional collaboration : Coordinate with Production, Purchase, and Sales teams to analyze cost impacts on pricing and profitability. Qualifications & Skills: Educational Qualification : Masters in Finance/Accounting or Cost Accountant (CMA/ICWA) . Experience : 3-5 years of costing experience in manufacturing, preferably in bath fittings, sanitaryware, or related industries . Strong understanding of costing principles, overhead allocations, and production cost control . Proficiency in ERP system software . Excellent analytical, problem-solving, and decision-making skills. Basic Knowledge of GST, taxation, and compliance related to manufacturing costing .