Executive/Asst. Manager - Costing

Responsibilities:

Product & Process Costing:

• Calculate and maintain standard costing for products across multiple plants or production lines.
• Analyze actual vs. standard cost variances (material, labor, overhead) and investigate deviations.
• Perform process costing for continuous chemical production involving multiple stages.

Inventory & Valuation:

• Monitor and validate raw material consumption, work-in-progress (WIP), and finished goods inventory.
• Ensure accurate inventory valuation as per accounting standards (AS/IND-AS) and internal policies.
• Reconcile inventory records with physical stock-taking reports.

Budgeting & Forecasting:

• Support preparation of annual budgets, rolling forecasts, and cost planning exercises.
• Provide cost simulations for new product development, capacity expansions, or process changes.

Management Reporting (MIS):

• Prepare monthly cost reports and variance analysis for management review.
• Generate plant-level cost KPIs (e.g., cost per unit, yield loss, conversion cost) for decision support.

Cost Control & Efficiency:

• Identify areas of cost reduction or optimization in operations.
• Work closely with production, procurement, and R&D teams to drive cost-saving initiatives.

Compliance & Audit Support:

• Ensure compliance with Cost Accounting Standards (CAS) and Cost Audit requirements (if applicable).
• Assist with internal and statutory audits, cost audits, and tax assessments related to costing.

System & Process Improvement:

• Support automation of costing processes and integration with ERP systems (SAP/Oracle).
• Help in maintaining cost master data and periodic updates based on BOM changes.

• Strong knowledge of standard costing, process costing, and variance analysis.
• Proficiency in Excel, and working knowledge of SAP (CO module) or other ERP systems.
• Analytical mindset with attention to detail.
• Good interpersonal and communication skills to coordinate with cross-functional teams.