Profile: Costing Executive

Experience:

- 2-5 years of relevant experience in costing, commercial, finance or textile manufacturing, preferably with textile/fabric costing experience, along with solid Excel and costing knowledge.

Job role:

We are looking for a Costing Executive responsible for preparing accurate product-wise, order-wise and container-wise costing, analyzing material, production, processing, packing, logistics and other applicable costs, monitoring actual vs. estimated costs, and supporting management in pricing, margin and profitability decisions.

Roles:

Product & Order Costing

- Prepare product-wise and order-wise cost sheets.
- Calculate costing for greige, dyeing, processing, printing, finishing and packing.
- Calculate material consumption, wastage and process losses.
- Prepare per-meter, per-piece and total order costing.
- Ensure costing is completed before quotation/order confirmation.

Material & Process Cost Analysis

- Collect and verify current material purchase rates.
- Maintain updated rates for greige, processing, dyes/chemicals, packing and other inputs.
- Analyze changes in material and processing costs.
- Monitor standard consumption vs. actual consumption.
- Identify major cost drivers and areas of cost leakage.

Actual vs. Estimated Cost

- Compare estimated/standard costing with actual production cost.
- Prepare variance analysis.
- Identify reasons for cost variations such as wastage, rejection, rate changes and excess consumption.




- Report significant cost deviations to management.

Pricing & Profitability

- Support the Sales/Merchandising team in preparing quotations.
- Calculate expected gross margin/profitability for orders.
- Highlight low-margin or loss-making orders before approval.
- Provide costing data for price negotiation with customers.

MIS & Reporting

- Prepare daily/weekly/monthly costing reports.
- Maintain product-wise and customer-wise costing records.
- Prepare cost variance and profitability reports.
- Maintain a proper costing database and historical cost records.

Coordination

- Coordinate with Sales, Purchase, Production, Merchandising, QC, Accounts and Management.
- Collect accurate consumption, production and purchase data.
- Ensure costing assumptions are aligned with actual production conditions.
- Support ERP costing and data-entry activities.

Qualification:

- B. Com / M. Com / BBA or equivalent.
- Textile-related qualification will be an added advantage

Technical Skills

- Strong MS Excel skills, including:
- VLOOKUP/XLOOKUP
- SUMIFS
- Pivot Tables
- IF formulas
- Basic costing models

- ERP knowledge preferred.
- Good understanding of cost sheets and MIS reporting.

Functional Knowledge

Candidate should understand:

- Greige fabric costing
- Fabric processing/dyeing/printing costing
- Finishing cost
- Packing cost
- Wastage and rejection
- Material consumption
- Process loss
- Gross margin
- Standard vs. actual cost
- Cost variance analysis

📌 Costing Executive-Garment-Surat-3.6 LPA (India)
🏢 Rishi Jobs
📍 India