Associate Manager - Costing

Job Description

What to expect:

Product Cost Monitoring

• Monitor and analyze per-unit cost for Jejuri manufacturing operations regularly.
• Track cost drivers including raw materials, conversion cost, overhead absorption, and yield variances.
• Identify cost trends and deviations and recommend corrective actions.

Shadow Cost Computation (Transfer Pricing Products)

• Compute shadow costs for transfer pricing (TP) products in line with group policies and statutory requirements.
• Support TP documentation with accurate and auditable cost calculations.
• Coordinate with tax and compliance teams for TP reviews and audits.

Change Control & Pricing Support

• Evaluate cost and pricing impact for change control initiatives (BOM changes, process changes, vendor changes, capacity changes, etc.).
• Provide inputs from a costing and pricing perspective to cross-functional stakeholders (Manufacturing, SCM, Marketing, R&D).
• Ensure timely updates to standard costs post approval.

FOB Computation & Pricing Revisions

• Perform quarterly FOB (Free on Board) computation for export products.
• Support periodic revision of pricing based on cost movements, forex impact, and margin expectations.
• Ensure alignment between costing, pricing, and commercial teams.

AOP Costing Support

• Compute FOB and product costs for AOP (Annual Operating Plan) purposes.
• Support budget preparation, scenario analysis, and sensitivity analysis.
• Ensure consistency between actuals, forecasts, and AOP assumptions.

MIS & Variance Analysis

• Ensure timely and accurate MIS reporting to management.
• Conduct detailed variance analysis (Actual vs Standard / Budget / Previous Period).
• Highlight key cost variances with actionable insights and improvement opportunities.

Period-End Closing Activities

• Manage month-end and quarter-end closing activities related to costing.
• Ensure accurate inventory valuation, WIP calculation, and cost absorption.
• Coordinate with plant finance and corporate finance for timely closure.

Cost Benchmarking

• Perform cost benchmarking across geographies (NIM / Angola / DRC vs India).
• Analyze structural cost differences and identify optimization opportunities.
• Provide comparative insights to management for strategic decision-making.

SAP CO Module Ownership

• Act as SAP CO (Controlling) module owner.
• Ensure accuracy of cost centers, profit centers, product costing, and reporting structures.
• Support system enhancements, master data governance, and user training.
• Coordinate with IT and external consultants for SAP changes and issue resolution.

Required Skills & Experience

• CA / CMA / MBA (Finance) preferred
• 5-8 years of relevant experience in manufacturing / FMCG / pharma / industrial environment
• Experience in multi-location or international operations is an advantage

Competencies:

• Strong knowledge of cost accounting, product costing, and management accounting
• Hands-on experience with SAP CO module
• Excellent analytical and problem-solving skills
• Strong business partnering and stakeholder management abilities
• Advanced proficiency in Excel and MIS reporting
• Understanding of transfer pricing and export pricing concepts

Salary Range

INR 1000000 - 1800000 (Annual)

Skills Required:

• Industrial / Manufacturing
• Pharmaceutical