Senior Manager Costing FP&A

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Senior Manager Costing & FP&A

Location: Ghaziabad, Uttar Pradesh
Industry: Manufacturing
CTC: Up to 35 LPA
Qualification: CMA – Mandatory
Experience: 10–18 Years
Function: Finance / Costing / FP&A

Position Overview

We are looking for an experienced Senior Manager – Costing & FP&A from a manufacturing organisation, who can drive costing, pricing, profitability analysis, FP&A and management reporting.

The ideal candidate should have strong hands-on experience in Standard Costing, Variance Analysis, Product Costing, Supplier Costing, Pricing and Financial Planning & Analysis, with the ability to work closely with Operations, Procurement, Supply Chain, Sales and Business teams.\

Key Responsibilities

1. Costing & Cost Control

• Develop and maintain Standard Costing for products/components.
• Conduct detailed material, labour, overhead and conversion cost analysis.
• Perform monthly cost variance analysis and identify key drivers.
• Analyse Material Price Variance, Material Usage Variance, Labour Variance and Overhead Variance.
• Identify opportunities for cost reduction and productivity improvement.
• Work closely with Plant and Operations teams to improve cost competitiveness.

2. Product & Supplier Costing

• Review and validate supplier quotations and cost break-ups.
• Analyse supplier costing, including RM, conversion cost, labour, overhead, tooling and other cost elements.
• Benchmark supplier costs and support supplier negotiations.
• Evaluate cost impact of changes in raw material prices, processes, volumes and specifications.
• Support Procurement in should-cost and cost-reduction initiatives.

3. Pricing & Commercial Analysis

• Prepare product costing and pricing models.
• Analyse product profitability, contribution margins and customer-wise profitability.
• Support Sales/Business teams in pricing decisions and customer negotiations.
• Evaluate the financial impact of new products, price changes and cost escalations.
• Prepare cost-plus and target pricing analysis wherever required.

4. FP&A

• Lead annual budgeting, forecasting and periodic business planning.
• Prepare monthly MIS and management dashboards covering revenue, margins, costs and profitability.
• Analyse actuals vs. budget/forecast and provide actionable insights.
• Prepare P&L forecasts and profitability analysis.
• Develop financial models for business decisions, new projects and capacity expansion.
• Provide management with insights on cost, margin and business performance.

5. Business Partnering

• Work closely with Plant, Operations, Procurement, Supply Chain, Sales and Business teams.
• Support management in strategic decision-making through financial and commercial analysis.
• Drive data-based decision-making and identify opportunities for improving margins and operational efficiency.

Mandatory Requirements

• CMA / Cost & Management Accountant – Mandatory.
• Must have current/recent experience in a Manufacturing organisation.
• Strong hands-on experience in Standard Costing and Variance Analysis.
• Strong understanding of Product Costing and Manufacturing Cost Structures.
• Experience in Supplier Costing / Supplier Quote Evaluation.
• Good understanding of Pricing, Costing and Margin Analysis.
• Strong exposure to FP&A, Budgeting, Forecasting and MIS.
• Excellent understanding of material, labour, overhead and conversion costs.
• Strong analytical and problem-solving capabilities.
• Good communication and stakeholder-management skills.
• Exposure to ERP/SAP and advanced Excel is preferred.

Preferred Industry Background

Candidates from Automotive / Auto Components / Engineering / Industrial Manufacturing / Capital Equipment / Electrical & Electronics / Other Process or Discrete Manufacturing organisations would be preferred.

Ideal Candidate Profile

The ideal candidate will be a CMA-qualified finance professional with strong manufacturing costing experience, rather than a purely accounting or FP&A professional.

Someone who has handled Costing + Pricing + Supplier Costing + Variance Analysis + FP&A and can act as a strong Finance Business Partner to Manufacturing and Business teams would be an ideal fit.

Compensation: Up to 35 LPA, depending on experience and suitability.
Job Location: Ghaziabad.