Manager / Senior Manager – Costing

The role will be responsible for driving product costing, cost optimization, and profitability analysis across the manufacturing lifecycle. The candidate will partner with cross-functional teams (procurement, production, R&D, finance) to ensure accurate cost structures, identify savings opportunities, and support strategic decision-making.

• Prepare and validate BOM (Bill of Materials) and routing-based product costing.
  
• Conduct standard costing, variance analysis, and cost roll-ups for new and existing products.
  
• Analyze material, labor, and overhead costs to identify cost drivers.
  

• Support annual budgeting and periodic forecasts from a costing perspective.
  
• Monitor actual vs. standard cost variances and drive corrective actions.
  
• Develop cost benchmarks and track plant-level efficiency metrics.
  

• Work closely with R&D and engineering teams for should-costing and target costing.
  
• Provide cost inputs during product design to ensure cost competitiveness.
  

• Evaluate vendor quotations and support price negotiations with procurement teams.
  
• Conduct make vs. buy analysis and vendor cost comparisons.
  

• Ensure accurate costing in ERP systems (SAP/Oracle/others).
  
• Monitor inventory valuation, slow-moving and obsolete stock provisions.
  

• Prepare monthly costing reports, margin analysis, and dashboards for management.
  
• Present insights on cost reduction opportunities and profitability improvement.
  

• Drive value engineering and cost reduction projects across plants.
  
• Identify opportunities in process improvement, waste reduction, and productivity enhancement.
  

• CA / CMA (preferred) or MBA Finance / with relevant experience
  

• 6–10 years in costing within manufacturing (preferably appliances, consumer durables, or engineering)
  
• Strong exposure to plant costing / factory finance
  

• Strong understanding of standard costing, BOM, variance analysis
  
• Hands-on experience with ERP systems (SAP preferred)
  
• Advanced Excel and data analysis skills
  
• Strong business partnering and stakeholder management
  
• Analytical mindset with attention to detail
  

• Experience in appliance manufacturing (ACs, refrigerators, washing machines, small appliances, etc.)
  
• Exposure to multi-plant operations or high SKU environments