Assistant Manager Costing

5 hours ago


Ahmedabad, 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 MaintenancePrepare and maintain standard costs for all SKUs, BOMs (Bill of Materials), and recipes.Prepare a Monthly cost sheet based on the actual cost incurredAnalyse changes in materials, labour, and overhead costs to determine effects on product cost.Assist in new product costing.Prepare monthly/quarterly cost reports, profitability analysis2. Cost Control & Variance AnalysisMonitor 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 costsAnalyse 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 teams3. Inventory Management & ValuationMonitor 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 ControlsEnsure adherence to internal control systems and accounting standards.Assist in internal and statutory audits related to costing.Key Skills & Competencies:Strong analytical and numerical skillsIn-depth knowledge of cost accounting principles and practicesProficiency in ERP systems (SAP, Oracle, etc.)Advanced Excel skills: knowledge of BI tools (Power BI/Tableau) is a plusStrong communication and interpersonal skillsAbility to work under pressure and manage multiple deadlinesQualifications:Education:CMA (ICWA)/ CA/ CMA Inter/ CA InterExperience:5+ years of experience in a similar costing role within the food manufacturing or FMCG industryPreferred Industry Exposure:Food & Beverage ManufacturingFMCG / Consumer GoodsDairy, Bakery, or Packaged Foods production environments



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