Key Responsibilities 1. Product Costing

- Prepare and maintain standard product costing.
- Update Bills of Materials (BOM) and routing costs.
- Calculate manufacturing and conversion costs.
- Analyse product profitability by product, customer, plant, and business.

2. Manufacturing Cost Analysis
- Monitor and analyse manufacturing costs including raw materials, alloys, power, fuel, labour, consumables, maintenance, logistics, packaging, and overheads.
- Prepare detailed product cost sheets and identify cost-saving opportunities.

3. Inventory Costing
- Ensure accurate valuation of raw materials, WIP, finished goods, stores & spares, scrap, and by-products.
- Prepare monthly inventory valuation, ageing reports, and reconcile inventory costs with financial records.

4. Cost Variance Analysis
- Analyse material, labour, power, overhead, and production variances.
- Identify reasons for variances and recommend corrective actions.

5. Budgeting & Cost Planning
- Support Annual Operating Plan (AOP) and manufacturing budgets.
- Prepare cost forecasts, profitability analysis, and monitor budget vs. actual performance.

6. MIS & Management Reporting
- Prepare monthly cost reports, dashboards, profitability reports, KPI reports, and cost trend analysis.




- Present key cost insights to management.

7. Cost Optimization
- Drive initiatives for cost reduction through process improvement, yield enhancement, inventory optimization, energy efficiency, and waste reduction.
- Track cost-saving projects and advantages achieved.

8. ERP & Costing Systems
- Maintain costing data in ERP, including standard costs, BOMs, routing, and inventory costing.
- Coordinate with IT for system improvements.

9. Internal Controls & Governance
- Develop and maintain costing procedures, internal controls, SOPs, and documentation.
- Ensure compliance with Internal Financial Controls (IFC).

10. IPO & Governance Support
- Support finance team in IPO readiness, audit documentation, due diligence, board reporting, and governance requirements.

11. Statutory Compliance
- Ensure compliance with Cost Accounting Standards, Companies Act, GST, Ind AS, and audit requirements.
- Coordinate with internal, statutory, and cost auditors.

12. Cross-Functional Coordination
- Work closely with Production, Purchase, Supply Chain, Quality, Maintenance, Sales, Planning, Finance, and Audit teams to improve costing accuracy and operational efficiency
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📌 Costing Manager (Hyderabad)
🏢 Maruti Ispat And Pipes
📍 Hyderabad