Job Description – Senior Costing Manager / Costing Head – Manufacturing
Location: Ghaziabad, Uttar Pradesh
Experience: 8–12 Years
Qualification: B.E./B.Tech in Mechanical Engineering (Mandatory)
Salary: ₹8–8.5 LPA (Negotiable for an exceptional candidate)
Employment Type: Full-Time, Permanent
Reporting To: Managing Director
Vacancies: 1
About the Organisation
An established ISO 9001:2015 certified manufacturing and engineering organisation specialising in mechanical spares, industrial equipment and wear-resistant components for the cement, mining and bulk material handling industries. The organisation manufactures products such as bucket elevator components, screw conveyors, air slides, feeders, packing plant spares and Hardox wear parts, catering to both domestic and international customers.
Role Overview
We are looking for an experienced and hands-on Senior Costing Manager / Costing Head to independently manage product costing, estimation and quotation accuracy.
The selected candidate will be responsible for developing and implementing a standardised costing system covering material consumption, machine-hour rates, labour costs, fabrication, machining and overhead absorption.
The role requires strong technical understanding of mechanical engineering drawings, BOM preparation, manufacturing processes and cost optimisation. The candidate should be capable of handling end-to-end product costing independently rather than merely reviewing or approving costing prepared by others.
Key Responsibilities
1. Product Costing & Estimation
- Prepare end-to-end product costing based on engineering drawings, specifications and technical requirements.
- Develop and prepare Bills of Materials (BOMs), including material weight calculations, consumption, nesting, scrap and wastage.
- Calculate costs associated with raw materials, cutting, fabrication, welding, machining, casting, heat treatment, painting, labour and overheads.
- Estimate packing, freight and export documentation costs wherever applicable.
- Ensure accurate and timely preparation of quotations.
2. Costing Systems & Standardisation
- Develop, implement and maintain standard costing sheets for different product categories.
- Establish and maintain machine-hour rates, labour rates and overhead absorption rates across both manufacturing units.
- Define scrap, yield and material consumption standards.
- Maintain historical cost databases and regularly update material and process costs.
- Develop and improve costing masters within the ERP system.
3. Pricing, Cost Control & Reporting
- Recommend appropriate selling prices based on costing, margins and commercial requirements.
- Analyse estimated versus actual costs for completed orders and identify significant cost variances.
- Identify opportunities for cost reduction through material optimisation, alternative materials, improved nesting, process improvements and make-or-buy decisions.
- Prepare monthly profitability and cost variance reports for management.
- Maintain confidentiality of all pricing, costing and commercial information.
4. Cross-Functional Coordination
- Coordinate with the Purchase Department for raw material prices and vendor quotations.
- Work closely with Production to understand manufacturing processes, cycle times and process routes.
- Coordinate with the Sales Team to understand customer enquiries, technical requirements and quotation deadlines.
- Ensure accurate costing and timely submission of quotations.
Required Technical Skills & Expertise
- Strong understanding of mechanical engineering and General Arrangement (GA) drawings.
- Ability to independently read engineering drawings and calculate BOMs, material weights and consumption.
- Hands-on experience in product costing involving fabrication, machining, casting and industrial components.
- Strong knowledge of materials such as:
- Mild Steel (MS)
- Stainless Steel (SS)
- Bright Bar
- Engineering Steels
- Hardox 450/500
- Steel Plates and Sections
- Experience in developing costing sheets, standard costing systems and machine-hour rates.
- Advanced MS Excel skills.
- Working knowledge of AutoCAD or other CAD software for reading engineering drawings.
- Experience with ERP systems and costing modules will be preferred.
- Strong analytical, problem-solving and communication skills.
Industry Preference
Candidates from the following industries will be preferred, in order of priority:
- Cement Plant Equipment and Spares.
- Mining Equipment and Machinery.
- Bulk Material Handling Equipment, including bucket elevators, conveyors, feeders, crushers, chutes, hoppers and wear liners.
- Heavy Engineering and Steel Fabrication.
- Wear-Resistant Steel Products and Hardox Components.
- Foundry, Machining and Industrial Manufacturing.
Mandatory Eligibility Criteria
- B.E./B.Tech in Mechanical Engineering is compulsory.
- 8–12 years of relevant manufacturing costing or estimation experience.
- Must have personally handled end-to-end product costing from engineering drawings.
- Practical exposure to fabrication, machining or casting processes.
- Experience working with steel plates, sections and engineering materials.
- Hands-on experience in preparing costing sheets and calculating machine-hour rates.
- Candidates must demonstrate a stable career history with reasonable tenure in previous organisations.
- Must be willing to work onsite in Ghaziabad within the specified salary budget.
Candidate Profile
We are looking for someone who:
- Has independently developed or improved a manufacturing costing system.
- Can demonstrate measurable achievements in costing accuracy, cost optimisation or process improvement.
- Is technically strong and comfortable working closely with manufacturing and production teams.
- Has a hands-on approach and can independently perform detailed costing.
- Possesses strong commercial understanding and maintains confidentiality.
- Is interested in building and strengthening the costing function for long-term organisational growth.
Key Performance Expectations (First 12 Months)
- Maintain estimated versus actual cost variance within ±5% for standard products.
- Achieve quotation turnaround within 24 hours for standard items after receiving drawings.
- Develop standard costing sheets covering 100% of the regular product range.
- Establish machine-hour and overhead rates for both manufacturing units, with quarterly reviews.
Important Note
Candidates with only cost accounting experience (CMA/ICWA) and no practical manufacturing or drawing-based costing exposure will not be considered.
Design-only, production-only or purchase-only professionals without direct costing ownership are not suitable for this position. Candidates from trading organisations without manufacturing exposure will also not be considered.
Pay: ₹700,000.00 - ₹800,000.00 per year
Benefits:
Application Question(s):
- Current CTC (In LPA)
- Expected CTC LPA
Location:
- Ghaziabad, Uttar Pradesh 201001 (Required)
Work Location: In person
