Costing Manager

Job Description:

Position:         Costing Manager

Location:         Umbergaon

Experience:     10 - 12 Years

Industries:     Steel

Responsibilities:

• Develop and maintain accurate costing models for all products and services, ensuring full transparency in cost breakdowns.
• Perform detailed analysis of production costs, including direct materials, direct labor, and overhead costs.
• Calculate and monitor standard costs, cost variances, and identify areas for improvement.
• Conduct regular reviews of cost allocation methodologies to ensure consistency and accuracy in financial reporting.
• Collaborate with the finance and operations teams to develop annual budgets and forecasts related to manufacturing costs.
• Assist in the preparation of cost forecasts for new products or changes in manufacturing processes.
• Analyze budget vs. actual costs, providing insights and recommendations to improve cost efficiency.
• Monitor and evaluate cost trends across the manufacturing operation and identify opportunities for cost savings.
• Work with the production team to identify inefficiencies, waste, and areas where cost reduction initiatives can be implemented.
• Suggest and implement cost-effective methods for reducing waste and optimizing resource utilization.
• Oversee inventory costing processes, including work-in-progress (WIP), finished goods, and raw materials.
• Ensure proper valuation of inventory and accurate inventory reporting, including periodic physical inventory counts.
• Work closely with the procurement and production departments to manage inventory turnover and ensure cost-effective supply chain operations.
• Prepare and present regular reports on cost performance to senior management, including cost variance analysis, trends, and recommendations for improvement.
• Provide monthly, quarterly, and annual cost reports for management review, highlighting key findings and actionable insights.
• Maintain thorough documentation of costing methodologies, calculations, and any adjustments made to cost structures.
• Serve as a liaison between finance, production, procurement, and other departments to ensure effective communication and alignment of cost-related activities.
• Provide costing expertise and support for product development, process improvement initiatives, and capital investment evaluations.
• Support the implementation and optimization of ERP (Enterprise Resource Planning) systems, specifically related to cost tracking and reporting functions.
• Ensure adherence to internal control procedures and cost accounting standards (GAAP, IFRS, etc.) to maintain the integrity of financial information.
• Assist with audits (internal and external) by providing cost-related data, documentation, and explanations as needed.

Required Skills:

• Sound understanding of accounting principles.
• Solid cost systems background.
• Analytical thinker with strong conceptual and problem-solving skills.
• Meticulous attention to detail with superb organizational skills.
• Ability to work under pressure and meet tight deadlines.
• Ability to work independently and as part of a team.
• Good report-writing, communication, and IT skills.

Required Qualification: - ICWA

Salary :-  Upto 14.00 LPA

If you are interested for this opening please send updated resume on same mail with following details.

Total No. of Years Experience :-

Current CTC :-

Expected CTC :-

Notice Period :-