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 recent 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 prospects

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
Solid 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 Engin

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