Role Summary:


The role will be responsible for driving product costing, cost optimization, and profitability analysis across the manufacturing lifecycle. The candidate will partner with cross -functional teams (procurement, production, R&D;, finance) to ensure accurate cost structures, identify savings opportunities, and support strategic decision -making.

Key Responsibilities:


1. Product Costing & Analysis


- Prepare and validate BOM (Bill of Materials) and routing -based product costing.

- Conduct standard costing, variance analysis, and cost roll -ups for new and existing products.

- Analyze material, labor, and overhead costs to identify cost drivers.


2. Budgeting & Cost Control

- Support annual budgeting and periodic forecasts from a costing perspective.

- Monitor actual vs. standard cost variances and drive corrective actions.

- Develop cost benchmarks and track plant -level efficiency metrics.


3. New Product Costing (NPD Support)

- Work closely with R&D; and engineering teams for should -costing and target costing.

- Provide cost inputs during product design to ensure cost competitiveness.


4. Procurement & Vendor Costing

- Evaluate vendor quotations and support price negotiations with procurement teams.

- Conduct make vs. buy analysis and vendor cost comparisons.


5. Inventory & Manufacturing Accounting





- Ensure accurate costing in ERP systems (SAP/Oracle/others).

- Monitor inventory valuation, slow -moving and obsolete stock provisions.


6. MIS & Reporting

- Prepare monthly costing reports, margin analysis, and dashboards for management.

- Present insights on cost reduction opportunities and profitability improvement.


7. Cost Optimization Initiatives

- Drive value engineering and cost reduction projects across plants.

- Identify opportunities in process improvement, waste reduction, and productivity enhancement.