LOCATION

Hyderabad, IND

COMPANY

BASF Global Business Services Private Limited

JOB FIELD

Finance, Controlling & Audit

JOB TYPE

Permanent

JOB ID

144622

VERSATILE WORK OPTIONS

On-site

BASF Overview

BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2025, BASF had 2,455 employees in India with 8 production sites and 45 offices throughout the country. The Innovation Campus Mumbai and the Coatings Technical Center in Mangalore are both part of BASF’s global technology platform. In 2025, BASF registered sales of approximately €2.2 billion to customers in India. Further information is available on www.basf.com/in.

About the Role

The Product Costing Specialist conducts inventory analysis and delivers actionable insights to help business units mitigate significant product-cost impacts. Operating with a high degree of autonomy, the role performs monthly inventory valuation and variance analysis, supports annual operating-plan activities, calculates inventory provisions, contributes to M&A; and divestiture projects, participates in global communities, and implements continuous process improvements.

What's In It for You

- Be part of building BASF's new Global Hub in India, a flagship transformation initiative

- Work with a globally integrated team spanning Finance and HR functions

- Competitive compensation, benefits, and structured career pathways

- Access to BASF's world-class learning & development programs

- Inclusive, diverse, and collaborative work culture

- Hybrid work model (mix of on-site and remote)

Key Responsibilities

- Perform monthly inventory valuation at standard cost and actual cost in accordance with the month-end closing schedule.

- Analyze monthly variances involving actual cost, standard cost, and production orders.

- Support the definition and maintenance of the annual operating plan, including fixed production costs and variable rates.





- Calculate and record provisions for slow-moving inventory, net realizable value, and/or replacement price in accordance with the closing schedule and GAIN methodology.

- Communicate process deliverables and ensure stakeholders remain informed of progress, issues, and resolutions.

- Participate in merger, acquisition, and divestiture projects involving business lines or companies, ensuring the correct accounting and integration of inventories.

- Participate in global communities by supporting the subject-area lead and/or area expert.

- Implement continuous process-improvement solutions through new technologies and systems while actively supporting the horizontal team.

Education and Experience

- Education: Professional qualification in Finance (e.g. B com, CA, CMA, etc.)

- Work Experience: A minimum of 5-7 years of experience in accounting, finance, product costing, inventory accounting, or a related field.

- Process Knowledge: Strong understanding of inventory valuation, standard and actual costing, production-order variances, inventory provisions, annual operating plans, and month-end activities.

- Decision-Making: The role operates with a high degree of autonomy and makes timely decisions without immediate consultation when appropriate.

- Core Skills: Strong analytical capability, customer focus, problem-solving, organization, prioritization, proactivity, autonomy, attention to detail, and effective communication.

Technical Skills

- Solid working knowledge of Microsoft Office applications.

- Advanced Excel skills are required.

- Working knowledge of SAP is required.

- Fluent English is required

- Strong knowledge of product costing, inventory accounting, financial controls, and month-end closing processes.

- Experience with the GAIN methodology or comparable inventory-provision processes is an advantage.

- Experience with continuous improvement, automation, or new technologies is preferred.

- Experience in a shared services, multinational, or GCC environment is preferred.

📌 GB/G Product Costing Specialist (India)
🏢 Basf
📍 India