Only 24h Left Assistant Manager Costing

2 days ago

India Iscon Balaji Foods Full time

The Assistant Manager – Costing is responsible for preparing, monitoring, and analysing cost-related data to support operational efficiency and strategic decision-making in a food manufacturing environment. The role involves product costing, variance analysis, inventory valuation, and ensuring compliance with accounting and regulatory standards. Key Responsibilities: 1. Product Costing & Standard Cost Maintenance - Prepare and maintain standard costs for all SKUs, BOMs (Bill of Materials), and recipes. - Prepare a Monthly cost sheet based on the actual cost incurred - Analyse changes in materials, labour, and overhead costs to determine effects on product cost. - Assist in new product costing. - Prepare monthly/quarterly cost reports, profitability analysis 2. Cost Control & Variance Analysis - Monitor actual vs standard cost variances (material, labour, overhead). - Conduct root cause analysis for variances and suggest corrective actions. - Track cost reduction initiatives and report savings. - Analyse production cost trends and forecast future costs - Analyse trends and variances in sales, costs, and performance metrics. - Highlight areas of concern or improvement. - Assist in system upgrades or implementations related to MIS. - Assist in annual budget preparation. - Support cost forecasting and scenario analysis. - Work closely with the Stores, FG inventory and production teams 3. Inventory Management & Valuation - Monitor inventory movements across raw materials and finished goods. - Ensure accurate inventory valuation and provisions for obsolete/slow-moving items. - Assist in periodic stock audits and physical verifications. 4. Compliance & Internal Controls - Ensure adherence to internal control systems and accounting standards. - Assist in internal and statutory audits related to costing. Key Skills & Competencies: - Strong analytical and numerical skills - In-depth knowledge of cost accounting principles and practices - Proficiency in ERP systems (SAP, Oracle, etc.) - Advanced Excel skills: knowledge of BI tools (Power BI/Tableau) is a plus - Strong communication and interpersonal skills - Ability to work under pressure and manage multiple deadlines Qualifications: - Education: - CMA (ICWA)/ CA/ CMA Inter/ CA Inter - Experience: - 5+ years of experience in a similar costing role within the food manufacturing or FMCG industry Preferred Industry Exposure: - Food & Beverage Manufacturing - FMCG / Consumer Goods - Dairy, Bakery, or Packaged Foods production environments

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