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.
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 prospects.
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.
Cost Variance Analysis
Analyse material, labour, power, overhead, and production variances.
Identify reasons for variances and recommend corrective actions.
Budgeting & Cost Planning
Support Annual Operating Plan (AOP) and manufacturing budgets.
Prepare cost forecasts, profitability analysis, and monitor budget vs. actual performance.
MIS & Management Reporting
Prepare monthly cost reports, dashboards, profitability reports, KPI reports, and cost trend analysis.




Present key cost insights to management.
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.
ERP & Costing Systems
Maintain costing data in ERP, including standard costs, BOMs, routing, and inventory costing.
Coordinate with IT for system improvements.
Internal Controls & Governance
Develop and maintain costing procedures, internal controls, SOPs, and documentation.
Ensure compliance with Internal Financial Controls (IFC).
IPO & Governance Support
Support finance team in IPO readiness, audit documentation, due diligence, board reporting, and governance requirements.
Statutory Compliance
Ensure compliance with Cost Accounting Standards, Companies Act, GST, Ind AS, and audit requirements.
Coordinate with internal, statutory, and cost auditors.
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