Job Title: Costing Analyst To drive accurate and timely costing for RFQs and Recent product development (NPD), business cases, and existing product portfolios across all VEL BU(EBU/PBU/MBU) plants, enabling informed decision-making, price setting, and profitability improvement.
Product Costing & NPD Support
Deliver accurate product costing for RFQ/NPD projects to support Quote to customer and NPD profitability
Business Case Evaluation
Finance Controller- Program Management
Costing Analyst
Analyse financial viability of recent products, changes, and initiatives to drive profitable business outcomes.
Cost Variance Analysis
Monitor and analyse cost variances to support operational efficiency improvements.
Cross-Functional Collaboration
Partner with Engineering, Procurement, SCM, and Plant teams to ensure accurate inputs for costing and NPD decisions.
Cost Optimization Initiatives
Identify cost-saving opportunities in materials, processes, and design to support margin improvement.
Compliance & Data Integrity
Ensure SAP/ERP data accuracy for BOMs, routing, cost centers to maintain correct costing and financial reporting.
Prepare and validate costing sheets for RFQ/NPD and business cases. Coordinate with Engineering and SCM to validate BOM, routing, and landed cost assumptions.
Track changes in Selling Price, material prices, labour rates, and overheads.
Run simulations for pricing decisions.
Maintain accurate costing master data for business case assumptions.
Support internal/external audits for costing.
MAJOR CHALLENGES
Ensuring timely data availability from crossfunctional teams. Maintaining costing accuracy across multiple plants and product portfolios.
Pricing decisions where margin thresholds are not met.
Significant deviations in business case assumptions.
Approval of changes impacting costing methodology or overhead structure.
Average target margin / IRR thresholds: Meet threshold IRR
Cost savings enabled via should-cost and re-pricing: 10% RMC to Sales (post award)
SKILLS AND KNOWLEDGE
Knowledge of NPD costing
Proficiency in SAP/ERP
advanced Excel
financial modelling
Solid analytical,
📌 Cost Analyst Pune (India)
🏢 Varroc
📍 India