Key Responsibilities
- Prepare product-wise and process-wise cost sheets in accordance with standard costing principles.
- Analyze raw material consumption, yield losses, scrap generation, by-product recovery, and conversion costs to identify opportunities for cost optimization.
- Monitor and analyze standard cost vs. actual cost variances (material, labor, and overhead) and recommend corrective actions.
- Support budget preparation, inventory valuation of Raw Materials (RM), Work-in-Progress (WIP), Finished Goods (FG), and Scrap, along with cost control and energy cost analysis.
- Reconcile inventory records with production data and ERP records to ensure data accuracy.
- Prepare MIS reports, cost analysis reports, product-wise profitability statements, and management reports.
- Maintain cost records in compliance with applicable Indian regulations and support Cost Audit, Internal Audit, and Statutory Audit requirements.
- Coordinate with Production, Stores, Procurement, Planning, and Finance teams to ensure accurate costing inputs and operational data.
- Maintain and validate Bill of Materials (BOM), routing, costing configurations, and cost postings in ERP systems.
- Provide commercial support for pricing strategies, quotations, tendering, and bidding activities through cost and margin analysis.
- Identify cost-saving opportunities and recommend process improvements to enhance operational efficiency.
Required Skills & Competencies
- Strong knowledge of:
- Standard Costing
- Process Costing
- Variance Analysis
- Inventory Valuation
- Product Costing
- Cost Control Techniques
- Budgeting & MIS Reporting
- Proficiency in ERP systems such as SAP, Oracle, Tally, or equivalent.
- Advanced proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, INDEX-MATCH, Power Query, Charts, etc.).
- Strong analytical, problem-solving, and numerical skills.
- Good communication and cross-functional coordination abilities.
- High attention to detail and accuracy.
Preferred Qualifications
- Bachelor's degree in Commerce, Finance, Cost Accounting, or a related discipline.
- CMA (Inter/Final) or equivalent qualification is preferred.
- Experience in manufacturing costing, preferably in the steel industry, will be an added advantage.
Experience
- 2–8 years of relevant experience in product costing, process costing, standard costing, inventory valuation, and cost analysis within a manufacturing environment.
Pay: ₹80,000.00 - ₹100,000.00 per month
Benefits:
- Paid time off
- Provident Fund
Work Location: In person
