Job Summary

The Product Costing Executive is responsible for preparing, analyzing, and maintaining accurate product cost data to support pricing decisions, profitability analysis, budgeting, and cost control. The role works closely with production, procurement, engineering, and sales teams to ensure cost transparency and margin improvement.

Key Responsibilities

Product Costing & Analysis

- Prepare detailed product cost sheets including material, labor, overheads, freight, duties, and other indirect costs
- Calculate standard cost, actual cost, and variance analysis
- Update costing for new products, design changes, and process changes
- Conduct BOM (Bill of Materials) costing and validating inputs

Pricing & Profitability

- Support sales and management with pricing, quotations, and margin analysis
- Analyze product-wise, customer-wise, and project-wise profitability
- Recommend cost optimization and margin improvement opportunities

Cost Control & Process Improvement

- Monitor cost deviations and highlight abnormal variances
- Work with production and procurement to identify cost reduction initiatives
- Support make vs buy decisions and vendor cost comparisons

Data Management & Reporting

- Maintain costing data in ERP /Infor/ SAP / Oracle / Excel-based systems
- Prepare regular MIS reports on cost, margins,



and variances
- Assist in budgeting, forecasting, and audit requirements

Cross-Functional Coordination

- Coordinate with Procurement, Production, Stores, Quality, Engineering, and Sales
- Support management during audits, pricing reviews, and strategic decisions

Required Skills & Competencies

- Strong knowledge of cost accounting and product costing concepts
- Excellent Excel skills (VLOOKUP/XLOOKUP, Pivot Tables, formulas)
- Experience with ERP systems (SAP, Infor, Oracle, Dynamics, etc.)
- Analytical thinking with attention to detail
- Good communication and coordination skills

Qualifications

- Bachelor’s degree in commerce, Finance, Accounting, or Engineering
- CA Inter / CMA Inter / MBA (Finance) preferred
- 2–6 years of experience in product costing or manufacturing finance

Key Performance Indicators (KPIs)

- Accuracy of product costing
- Timely costing updates for current and revised products
- Cost variance analysis and reporting
- Contribution to cost reduction initiatives
- Margin improvement support to business

Pay: ₹45,000.00 - ₹50,000.00 per month

Application Question(s):

- Do you have an Experience with Manufacturing or relevant industry ?

Work Location: In person

📌 Product Costing Executive (India)
🏢 Our Links India
📍 India