Key Responsibilities

1. Product Costing &
- Margin Analysis

- Formulate and update Standard Costing and Actual Costing for all API products, intermediates, and R&D; pilot batches.

- Calculate and track the Cost of Goods Sold (COGS) and compute gross margins on a monthly product-wise and plant-wise basis.

- Monitor process yields, consumption ratios, and solvent recovery norms against standard Bill of Materials (BOM).

- Define and systematically update Transfer Pricing for inter-plant and subsidiary transactions.

1. Inventory Valuation &
- Control

- Manage monthly and quarterly categorization and valuation of inventory across Raw Materials (RM), Work-in-Progress (WIP), Recovered Solvents, and Finished Goods (FG).

- Review provisions for slow-moving, non-moving, near-expiry, or damaged materials as per the company's accounting policies.

- Conduct regular physical verification reconciliations and analyze variances between physical stock and ERP book values.

1. Budgeting, Forecasting &
- Variance Analysis

- Lead the preparation of annual plant operating budgets, conversion cost sheets, and overhead allocations.

- Perform comprehensive Variance Analysis (Material Price, Material Usage/Yield, Labor, and Overhead variances) and present actionable insights to the plant operations team.

- Project raw material requirements in coordination with Procurement and Supply Chain based on sales forecasts.

1. Compliance, Cost Audit &
- Statutory Regulations

- Lead the end-to-end preparation, reconciliation, and finalization of Cost Audit Annexures and records for statutory submission.

- Handle data compilation, reconciliation,



and query resolution for regulatory frameworks like the National Pharmaceutical Pricing Authority (NPPA) or export schemes (e.g., RoDTEP/PLI tracking for API consumption).

- Coordinate directly with internal, statutory, and external cost auditors.

1. Cross-Functional Partnership &
- Digitalization

- Collaborate with Production, R&D;, Quality Assurance (QA), and Procurement to optimize manufacturing costs and minimize waste generation.

- Provide financial inputs and Cost-Benefit Analysis (CBA) for capital expenditure (CapEx) proposals and process improvement projects.

- Drive or support automation and enhancement of costing modules in ERP systems like SAP (CO/CO-PA modules), Power BI, or Anaplan.

Job Requirements &

- Qualifications

Educational Background

- Mandatory: ICWA / CMA (Institute of Cost Accountants of India) or Chartered Accountant (CA).

- An additional MBA in Finance or a background in Chemical Engineering is a plus.

Experience

- 8 to 15+ years of core costing experience, with a mandatory minimum of 35 years in an API manufacturing setting.

- Deep understanding of multi-stage chemical synthesis processes, batch costing, and solvent recovery mechanisms.

Technical Competencies

- Advanced expertise in SAP CO (Controlling) and Product Costing (PC) modules.

- Strong hands-on experience with MS Excel, Power BI, or similar data analytics/dashboard tools.

- In-depth knowledge of Cost Accounting Standards (CAS) and compliance protocols.

Soft Skills

- Strong analytical, problem-solving, and financial control mindset.

- Excellent cross-functional stakeholder management and communication skills to effectively translate financial metrics into operational actions.

📌 Senior Costing Manager (Hyderabad)
🏢 Aurore Life Sciences
📍 Hyderabad