We are looking for a Business Administration professional (F/M/D) to join our team at Innomotics
The industry-Leader of Motors and Drives
Innomotics is an industry-leading supplier of motors and large drive systems. With a trusted legacy of more than 150 years of engineering expertise, our products power all of the world’s most essential industries. Today, we are bringing the #EnergyTransition to life with a portfolio that enables our customers to boost energy efficiency, reduce greenhouse gases, and minimize the carbon footprints of plants.
Our Most Powerful Engine: Our People
We are a team of more than 15,000 dedicated experts, doers, and innovators. For us, engineering the future means keeping businesses in motion. As a global player operating with the spirit and speed of a mid-sized champion, the future holds unlimited opportunities for us. If you share our bold mindset to be best-in-class, we want you IN.
Location- Navimumbai
Job Summary
The Costing Analyst will act as a business partner to Engineering, Procurement, Manufacturing, SCM, CRM, and Finance teams by providing timely financial insights, improving cost transparency, and driving continuous process improvements.
Key Responsibilities
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Manage end-to-end product costing for Motors and Drives, including Planned, Standard, Committed (PO), and Actual Cost, while driving variance analysis and sales order profitability.
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Review and validate costing assumptions, BOM costing, standard price updates, material master governance, and pricing guidelines to ensure accurate financial reporting.
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Partner with Engineering, Procurement, SCM, Manufacturing, Product Management, and CRM teams to improve product profitability, cost competitiveness, and resolve cost overruns.
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Review purchase orders to ensure correct financial coding, sales order mapping, and compliance with finance governance.
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Monitor inventory movement, ageing, perpetual inventory, and physical stock verification to improve inventory accuracy and working capital.
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Prepare and monitor Non-Conformance Cost (NCC), warranty, Cost-to-Sales reports, and ensure timely accounting entries and corrective actions.
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Administer monthly Royalty, Brand Fee, and intercompany cost calculations, including HQ reporting, invoice validation, and audit support.
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Review operating expenses, provisions, vendor payables, supplier advances, import payments, ICC clearances, and vendor reconciliations to ensure financial accuracy and compliance.
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Develop AI-enabled dashboards, data analytics models, and automated MIS using SAP, Power BI, Excel, and other digital tools to support business decision-making.
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Drive continuous process improvements, SAP master data governance, and coordinate with Procurement, SCM, Production, Quality, GBS, and HQ teams to enhance operational excellence.
Qualifications & Experience
Education
CMA / MBA (Finance) / CA Inter with commerce degree - equivalent with relevant manufacturing finance experience.
Experience
Other Qualifications: 4–7 years of relevant experience in manufacturing finance, product costing, factory controlling, or commercial finance.
Experience in the manufacturing industry is preferrable
Technical Skills
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Strong hands-on experience in SAP (preferably FI/CO, MM, PP and SD integration).
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Strong knowledge of Product Costing, Standard Costing, BOM Costing, Manufacturing Accounting, Inventory Accounting and Cost Variance Analysis.
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Advanced Microsoft Excel skills.
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Experience with Power BI, Power Query, or similar business intelligence tools.
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Exposure to AI tools, data analytics, automation, and digital reporting will be a distinct advantage.
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Excellent presentation and management reporting skills.
Key Competencies
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Product Costing & Profitability Analysis
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Manufacturing Finance
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Financial Analysis & Commercial Acumen
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Business Partnering
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SAP & Digital Systems
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AI & Data Analytics
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Problem Solving & Analytical Thinking
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Process Improvement & Automation
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Stakeholder Management
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Communication & Presentation Skills
Nature of Role
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Permanent business-oriented finance role supporting Manufacturing Operations.
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Responsible for driving product costing, profitability analysis, pricing support, and commercial decision-making.
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Works closely with cross-functional teams including Engineering, Procurement, SCM, Manufacturing, CRM, Sales, Quality, GBS, and HQ.
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Supports management by delivering timely financial insights, improving costing accuracy, and enabling data-driven business decisions through automation and AI-enabled analytics.
Preferred Candidate Profile
The ideal candidate should possess a strong blend of manufacturing finance expertise and commercial understanding, with the ability to transform operational data into meaningful business insights.
The individual should demonstrate:
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Strong analytical and problem-solving skills.
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Manufacturing costing and profitability expertise.
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Hands-on SAP knowledge.
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High proficiency in Excel and business analytics tools.
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Passion for automation, AI, and digital transformation.
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Ability to communicate effectively with both technical and business stakeholders.
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A proactive approach towards continuous improvement and operational excellence.
Ready to power the future with us? Join Innomotics and start making a difference now. #TeamInnomotics #JoinReliableMotion
Innomotics is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status or disability status.
Jobs at Innomotics: Find out more about jobs & careers at Innomotics.
