Key Responsibilities

1. Should-Cost & Design-to-Cost Analysis

- Prepare should-cost estimates for current products/components based on engineering drawings, Bill of Materials (BOM), and process routing.

- Implement Design-to-Cost methodology during the New Product Development (NPD) stage, collaborating with Design and Tool Room teams to identify cost-saving design alternatives before tooling is finalized.

- Conduct Value Engineering / Value Analysis (VE/VA) studies on existing products to identify cost reduction opportunities without compromising quality or function.

2. Inventory & Manufacturing Accounting

- Ensure accurate inventory valuation (raw material, Work-In-Progress (WIP), finished goods) in line with costing policy and applicable accounting standards.

- Conduct periodic physical verification of inventory and reconcile with book records; investigate and resolve discrepancies.

- Monitor and ensure Bill of Materials (BOM) accuracy in coordination with Production Planning and Stores.

- Track machine/plant utilization and absorption of overheads across cost centers.

3. Budgeting, MIS & Reporting

- Assist in the preparation of the annual manufacturing budget and periodic forecasts (material cost, conversion cost, overheads).

- Prepare monthly Management Information System (MIS) cost reports, product-wise profitability statements, and cost trend analysis for management review.

- Support month-end and year-end closing activities related to Cost of Goods Sold (COGS) and inventory accounting.

4. Compliance & Audit





- Ensure costing records and cost accounting policies comply with applicable statutory and Cost Audit requirements.

- Coordinate with internal and statutory auditors for cost audits, providing schedules, reconciliations, and supporting data.

- Maintain proper documentation and audit trail for all costing workings and adjustments.

5. Cross-Functional Coordination

- Liaise with Production, Purchase, Stores, and Quality departments to ensure accurate and timely cost data flow.

- Support pricing decisions by providing product-wise cost breakdowns to Sales and Management as required.

Qualifications & Experience

- Bachelor's degree in Mechanical or Production Engineering.

- 3–5 years of relevant cost accounting experience, with mandatory exposure to a manufacturing environment (automotive, electrical, precision components, or similar preferred).

- Hands-on experience with standard costing, inventory valuation, and variance analysis within an Enterprise Resource Planning (ERP) system.

Skills & Competencies

- Strong working knowledge of cost accounting principles and manufacturing cost structures.

- Proficiency in ERP systems (e.g., Tally, SAP, or similar) and advanced MS Excel skills.

- Strong analytical ability with keen attention to detail and accuracy.

- Good coordination and communication skills for effective collaboration across Production, Purchase, and Finance functions.

- Ability to work independently, meet reporting deadlines, and manage multiple costing cycles simultaneously.

📌 Costing Engineer (Delhi)
🏢 One75mbhrm
📍 Delhi