Sr Executive - Costing

Role & responsibilities

• Maintain accurate product costs, standard costs and cost sheets for existing products, new products and customer quotations.
• Support monthly cost roll-ups and update material, labour, machine, overhead and other cost components in the ERP system.
• Analyse actual costs against standards and budgets, including material price, usage, labour, overhead, efficiency and yield variances.
• Prepare and circulate periodic MIS covering sales, contribution, profitability, costs, inventory, productivity and key operating indicators.
• Support the monthly closing process through inventory valuation, production variance analysis, provisions, reconciliations and timely submission of costing schedules.
• Monitor raw material, work-in-progress and finished goods inventory, identify ageing or slow-moving items and support reconciliation of book and physical stocks.
• Assist in preparation of annual budgets, forecasts and long-range plans, including cost assumptions, volume scenarios and departmental inputs.
• Prepare product, customer and segment profitability analysis and highlight adverse trends, margin leakages and improvement opportunities.
• Ensure master data relevant to costing and reporting, including bills of material, routings, work centres and cost centres, is complete and accurate in coordination with process owners.
• Monitor the capital expenditure budget, track actual and committed spend against approved budgets, prepare periodic variance reports, and coordinate the preparation and submission of Requests for Approval (RFAs) with complete financial analysis and supporting documentation.
• Provide costing schedules and supporting documentation for internal and statutory audits and contribute to process improvement and reporting automation initiatives.

Preferred candidate profile

• CA, CMA with 5 to 8 years of relevant experience in costing and MIS.
• Practical knowledge of product costing, standard costing, inventory valuation, cost allocation and variance analysis.
• Experience in a manufacturing environment is strongly preferred.
• Strong analytical ability with experience in preparing management reports, dashboards and profitability analysis.
• Advanced MS Excel skills, including pivot tables, lookups, data analysis and report automation; exposure to Power BI will be an advantage.
• Knowledge of AI-enabled tools and the ability to efficiently handle, analyse and interpret large volumes of data.
• Working knowledge of ERP / SAP, particularly product costing, material ledger, inventory and controlling processes, will be preferred.
• Good communication and coordination skills, with the ability to work closely with finance and cross-functional plant teams.
• High attention to detail, ownership of deliverables and ability to meet demanding reporting timelines.