Costing Executive

6 hours ago

Hyderabad Telangana, India The People's Corp Full time

**Costing & Engineering Stores Executive**
**Responsibilities; -**
- Prepare and maintain cost sheets for Engineering materials, components, consumables, and spare parts.
- Collect and analyse data related to material usage, wastage, and price variations.
- Support management in product cost estimation and standard cost updates.
- Coordinate with Purchase and Finance teams to verify supplier invoices and cost accuracy.
- Maintain records of cost changes, ensuring correct valuation of inventory.
- Prepare monthly cost variance reports and assist in budgetary control.
- Support internal and external audits related to cost data.
- Ensure proper receipt, storage, and issuance of engineering spares, tools, and consumables.
- Maintain accurate inventory records in SAP or store management systems.
- Conduct regular physical stock verification and reconcile discrepancies.
- Monitor minimum and maximum stock levels, initiate timely reordering.
- Implement FIFO/LIFO and other material control systems effectively.
- Coordinate with Maintenance and Production departments for material requirements.
- Maintain housekeeping, safety, and 5S standards in the store area.
- Ensure proper tagging, binning, and coding of all items.
- Maintain updated records of GRNs (Goods Receipt Notes), MRNs (Material Requisition Notes), and issue slips.
- Good knowledge of material management and cost accounting principles.
- Attention to detail and accuracy.
- Coordination and communication skills.
- Accuracy of cost reports.
- Stock variance percentage.
- Inventory turnover ratio.
- Compliance with audit and documentation standards.
- Timeliness in reporting and replenishment.

**Diploma or Bachelor’s in Mechanical/related field.**
**1 -3 years of experience in engineering store management with costing and maintenance exposure**

Pay: ₹30,000.00 - ₹450,000.00 per month

Work Location: In person

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