
Manager Product Costing
6 days ago
Role & responsibilities
- Prepare and maintain detailed product costing sheets for various metal products (extrusions, castings, sheets, rods, alloys, etc.).
- Analyze raw material costs (aluminium, copper, steel, alloys), direct/indirect labor, power & fuel, overheads, and other variable/fixed expenses.
- Conduct variance analysis between standard cost, actual cost, and budgeted cost; identify reasons for deviations.
- Work closely with procurement, production, and finance teams to gather cost inputs and validate accuracy.
- Monitor impact of commodity price fluctuations (metal prices, scrap value, etc.) on product costing.
- Provide costing support for new product development (NPD) and prepare cost estimates for quotations & tenders.
- Ensure compliance with costing standards, audit requirements, and internal controls.
- Develop cost models and profitability analysis for decision-making by management.
- Assist in preparation of monthly MIS, budgets, and forecasts related to costing.
- Continuously identify opportunities for cost reduction and process improvements.
Preferred candidate profile
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