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377 Product Costing Jobs - Page 16

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4 - 9 years

10 - 13 Lacs

Hyderabad

Work from Office

Naukri logo

FOR BETTER RESPONSE FROM RECRUITERS FORWARD YOUR RESUME ON sv7@svmanagement.com Roles and Responsibilities: Zero base costing of Proprietary Parts / Sheet Metal/ Rubber/Plastic. Prices quarterly movements as per consideration of market fluctuation, negotiations with suppliers as per ZBC Quarterly Inflation / Deflation settlement with suppliers based on commodity movement in previous quarter. Project Management for all VAVE projects. Monthly tracking of RM prices Candidates Profile: Cost Analysis, Knowledge of component costing for various parts Knowledge of Design to Cost / VAVE /cost reduction Expertise in techno commercial negotiation skills and cost reduction skills. Knowledge in Automobile technology and Parts is must.

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0 - 3 years

1 - 5 Lacs

Surat

Work from Office

Naukri logo

Designation - Costing Executive Qualification - CMA Qualified Experience - 0 to 3 years Surat Local candidate preferred Job Description: Preparing Process Cost sheet on every month & analysis the variance comparing actual with standard. Discuss the same with concern dept. head regarding abnormal variance. Reconcile the account statement with cost on every month. Prepared Overall Expenses report for the company as a whole. Preparing process labour as and when required. Maintaining capital employed register. Prepared Employee -wise & Article wise Activity report & analysis the same. Participate in Internal Audit as and when required. Prepared other MIS reports as when required by Management. Monitoring of Breakage/ Yield/ Repairing on regular basis for overall controlling. Comparative Analysis of product estimation and Actual results. Working with cross-function teams to predict and improve cost of production. Assisting the management in overall cost control and monitoring of various manufacturing operations. Providing management with reports specifying and comparing factors effecting price & profitability of a product. Key Skills: Excellent communication skill, knowledge of MS Office, people skills, MIS reporting, Advanced Excel (Vlookup,Hlookup,Count if,Sum if,Pivort table, Matching & Index, Macros, Dashboard), Good if having knowledge of Power BI or Tablue.

Posted 1 month ago

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Exploring Product Costing Jobs in India

The product costing job market in India is thriving, with a growing demand for professionals who can accurately calculate the costs associated with manufacturing goods or providing services. Companies across various industries are actively seeking skilled individuals to help them optimize their pricing strategies and improve profitability.

Top Hiring Locations in India

  1. Mumbai
  2. Bangalore
  3. Delhi
  4. Chennai
  5. Pune

Average Salary Range

The average salary range for product costing professionals in India varies based on experience level: - Entry-level: ₹3-5 lakhs per annum - Mid-level: ₹6-10 lakhs per annum - Experienced: ₹10-20 lakhs per annum

Career Path

In the field of product costing, a typical career path may include roles such as: - Cost Analyst - Senior Cost Accountant - Costing Manager - Chief Financial Officer

Related Skills

In addition to product costing expertise, professionals in this field often benefit from having skills in: - Financial analysis - Data analysis - Cost optimization strategies - Knowledge of accounting principles

Interview Questions

  • What methods do you use to calculate direct and indirect costs? (basic)
  • How do you ensure accuracy in your cost estimation process? (medium)
  • Can you explain the concept of standard costing and how it is used in product costing? (medium)
  • Have you ever implemented cost reduction initiatives in a previous role? If so, can you provide an example? (advanced)
  • How do you stay updated on industry trends and market changes that may impact product costing? (basic)
  • What tools or software do you use for cost analysis and reporting? (medium)
  • How do you handle cost variance analysis and what actions do you take based on the findings? (advanced)
  • Describe a challenging product costing project you worked on and how you overcame obstacles to achieve success. (medium)
  • How do you communicate cost-related information to non-financial stakeholders within the organization? (basic)
  • Can you walk us through your process for developing cost estimates for new products or services? (medium)
  • What role do you believe product costing plays in overall business strategy and decision-making? (basic)
  • How do you prioritize cost-saving opportunities and implement cost control measures in a dynamic business environment? (advanced)
  • Explain the difference between variable and fixed costs and how they impact product pricing. (medium)
  • How do you handle cost allocation for shared resources or overhead expenses? (advanced)
  • What strategies do you use to forecast future costs and budget effectively for upcoming projects? (medium)
  • Describe a situation where you had to justify cost projections or recommend pricing adjustments to senior management. (advanced)
  • How do you assess the profitability of different product lines or services based on cost analysis? (medium)
  • What role does cost-volume-profit (CVP) analysis play in your cost estimation process? (advanced)
  • Can you explain the concept of activity-based costing (ABC) and how it differs from traditional costing methods? (advanced)
  • How do you ensure compliance with regulatory requirements and accounting standards in your cost analysis and reporting? (medium)
  • What do you consider the biggest challenges in product costing today, and how do you address them in your work? (advanced)
  • How do you approach cost-benefit analysis when evaluating potential investments or strategic decisions for the business? (medium)
  • Describe a scenario where you had to work cross-functionally with teams outside of finance to achieve cost-saving goals. (advanced)
  • How do you handle cost estimation for custom projects or unique products that don't fit traditional costing models? (advanced)

Closing Remark

As you prepare for product costing job opportunities in India, remember to showcase your expertise in cost analysis, financial acumen, and strategic thinking during interviews. With the right skills and preparation, you can confidently pursue a rewarding career in this field. Good luck!

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