Costing Manager

Job Description

One of the leading manufacturing industries is seeking a highly motivated and detail-oriented Costing Manager to join its GSL Business Unit. The ideal candidate will be responsible for managing end-to-end product costing, financial planning, inventory control, and cost optimization initiatives. This role requires strong analytical skills, sound financial acumen, and hands-on experience in manufacturing cost structures and ERP systems.

Key ResponsibilitiesProduct Costing & Cost Control

• Manage end-to-end product costing, including raw materials, labor, and overhead cost allocation for the GSL Business Unit.
• Develop and maintain accurate standard costing models and ensure periodic reviews.
• Monitor manufacturing costs and identify opportunities for cost reduction and process improvement.
• Support pricing decisions through detailed cost analysis and profitability assessments.

Financial Planning & Analysis

• Conduct monthly variance analysis (standard cost vs. actual cost) and provide actionable insights to management.
• Prepare annual budgets, periodic forecasts, and cost projections for the GSL P&L.
• Analyze operational and financial performance to support strategic decision-making.

Inventory Management

• Oversee inventory valuation in accordance with accounting standards and company policies.
• Coordinate physical inventory verification and ensure timely reconciliation with financial records.
• Monitor inventory movements and identify discrepancies, wastage, or obsolete stock.

Management Reporting & Decision Support

• Develop and maintain cost MIS reports and dashboards for management review.
• Provide financial insights to support make-or-buy decisions, product profitability analysis, and cost optimization initiatives.
• Collaborate with production, procurement, and supply chain teams to improve operational efficiency and cost effectiveness.

Compliance & Audit

• Ensure compliance with statutory requirements related to cost records and reporting.
• Coordinate with internal and external auditors during audits and provide required documentation and explanations.
• Maintain strong internal controls over costing and inventory processes.

Required Qualifications & Skills

• Chartered Accountant (CA) qualification is mandatory.
• 5–8 years of relevant experience in manufacturing, FMCG, or engineering sectors.
• Strong knowledge of product costing, inventory accounting, budgeting, forecasting, and financial analysis.
• Hands-on experience with ERP systems, preferably SAP Business One (SAP B1).
• Advanced proficiency in Microsoft Excel and financial modeling.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work cross-functionally and manage multiple priorities in a dynamic manufacturing environment.

What We Offer

• Opportunity to work with a leading manufacturing organization.
• Challenging and rewarding role with significant business impact.
• Professional growth and career advancement opportunities.
• Collaborative and performance-driven work environment.

Please send your Updated CV at [email protected]