Costing Manager

1 day ago

ahmedabad, India JAY Chemical Industries Private Limited Full time

To manage, analyze, and control all cost-related activities in the manufacturing process, ensuring accurate cost computation, variance analysis, budgeting, and cost optimization. The role aims to improve profitability through systematic cost monitoring and strategic cost control measures.Key Responsibilities:1. Product Costing & AnalysisPrepare detailed product costing, including raw materials, labor, overheads, and conversion costs.Develop standard cost models for existing and new products.Conduct periodic cost variance analysis (standard vs actual).Review and update Bill of Materials (BOM) and routings with production and planning teams.2. Cost Control & OptimizationIdentify areas of cost reduction and process improvement across departments.Monitor material consumption, wastage, and yield to ensure efficiency.Track and control overhead costs across cost centers.Provide cost impact assessments for management decisions (e.g., pricing, product mix, or make-or-buy decisions).3. Budgeting & ForecastingAssist in annual budget preparation and rolling forecasts.Compare actual performance against budget and report deviations with explanations.Support management in developing cost-based strategies and financial plans.4. Inventory & Cost RecordsEnsure accuracy of inventory valuation as per cost accounting standards.Maintain proper records of stock movements, WIP, and finished goods.Conduct periodic stock verification and reconciliation with the stores/accounts team.5. Reporting & CompliancePrepare monthly/quarterly costing reports and dashboards for management review.Support statutory audits and cost audits with necessary documentation.Ensure compliance with Cost Accounting Standards (CAS) and other statutory requirements.6. Coordination & Team ManagementLiaise with production, planning, purchase, and finance teams for cost data collection and validation.Train and guide costing executives and plant accountants on cost control practices.Support ERP implementation and costing module improvements.Key Skills & Competencies:Strong analytical and numerical abilityProficiency in cost accounting principles and methodsKnowledge of manufacturing processes, BOMs, and process costingHands-on experience with ERP systems (SAP, Oracle, Tally, etc.)Excellent Excel and data analysis skillsDetail-oriented with a focus on accuracy and timelinesAbility to communicate effectively with cross-functional teamsQualification & Experience:Education: ICWA / CMA preferredExperience: 8-15 years in costing function, preferably in manufacturing or process industries (chemicals, engineering, FMCG, etc.)Industry Preference: Chemical, Engineering, Automotive, FMCG, or other process-driven industries

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