Key Responsibilities
- Product Costing
- Prepare and maintain product cost sheets.
- Calculate material, labor, overhead, and manufacturing costs.
- Analyze BOM (Bill of Material) and routing for accurate costing.
- Cost Analysis & Control
- Monitor actual costs against standard/budgeted costs.
- Identify cost variances and recommend corrective actions.
- Track manufacturing cost trends and cost-saving opportunities.
- Budgeting & Forecasting
- Assist in preparation of annual budgets and cost forecasts.
- Monitor departmental expenses against approved budgets.
- Provide periodic cost reports to management.
- Inventory Cost Management
- Verify inventory valuation and costing methods.
- Analyze stock variances, slow-moving, and obsolete inventory.
- Support monthly and yearly stock audits.
- Quotation & Tender Costing
- Prepare cost estimates for new products and customer quotations.
- Evaluate profitability of new projects and orders.
- Support sales and business development teams with costing inputs.
- Variance Analysis
- Analyze material, labor, and overhead variances.
- Investigate reasons for cost deviations.
- Coordinate with Production, Purchase, and Stores departments for corrective actions.
- MIS & Reporting
- Prepare monthly cost reports and management dashboards.
- Present profitability analysis by product, customer, or project.
- Generate reports for management review and decision-making.
- Process Improvement
- Identify opportunities for cost reduction and productivity improvement.
- Participate in Kaizen, Lean Manufacturing, and Value Engineering activities.
- Support implementation of cost control measures across departments.
- Compliance & Audit Support
- Ensure compliance with company policies and accounting standards.
- Provide required data during internal and external audits.
- Maintain proper documentation related to costing activities.
Required Skills
- Cost Accounting & Cost Control
- Standard Costing and Variance Analysis
- BOM & Routing Analysis
- Budgeting and Forecasting
- Advanced MS Excel
- ERP Systems (SAP, Oracle, Microsoft Dynamics, etc.)
- Strong Analytical and Problem-Solving Skills
- Manufacturing Cost Management
Reporting
Reports To: Operation Head
Education & Experience
- Diploma & BE - Mech
- 4–8 years of experience in Manufacturing Costing & Cost Control
Pay: ₹35,000.00 - ₹40,000.00 per month
Benefits:
- Food provided
- Health insurance
- Provident Fund
Experience:
- Product Costing: 4 years (Required)
Work Location: In person
