Assistant Manager Costing

2 days ago

Ahmedabad, Gujarat, India Iscon Balaji Foods Full time ₹ 12,00,000 - ₹ 36,00,000 per year

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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