Senior Manager – Costing

About Company

The company is a leading manufacturer and retailer in the luggage, travel accessories, and lifestyle products industry.

Job Description

Costing & Financial Control
·         Lead standard costing framework and analyze variances to drive actionable business insights.
·         Strengthen costing systems, processes, and internal controls for accuracy and governance.
·         Monitor material variances, yield, and efficiency metrics and drive corrective actions.
·         Ensure accurate inventory valuation and validate landed costs for effective procurement decisions.

Inventory & BOM Management
·         Oversee BOM validation and updates in collaboration with plant teams.
·         Track inventory ageing, slow-moving stock, and drive corrective actions.
·         Ensure robust stock reconciliation and alignment with financial records.

MIS, Budgeting & Analysis
·         Deliver accurate MIS up to contribution/EBITDA level for performance tracking.
·         Lead budgeting, forecasting, and variance analysis processes. 
·         Drive contribution analysis and ensure reconciliation with financial statements.

Business Partnering
·         Work closely with cross-functional teams on pricing, NPD costing, and cost revisions. 
·         Provide actionable insights to improve margins and optimize cost structures.

Cost Optimization & Projects
·         Identify and execute cost-saving initiatives across procurement, production, and logistics. 
·         Track and evaluate cost reduction projects with measurable business impact.

Governance & Compliance
·         Support internal and statutory audits and ensure timely closure of audit observations.
·         Strengthen controls and documentation across costing and inventory processes.

Systems & Automation
·         Drive automation of MIS and costing processes to improve efficiency and accuracy.
·         Leverage SAP, BI tools, and analytics for enhanced decision-making.

Plant Interface
·         Engage with plant teams through regular visits to understand operations and validate cost drivers.
·         Ensure strong linkage between shop-floor realities and financial reporting.

Qualification & Skills-

• CA/CMA with 7-12 yrs of experience into related area.
• Candidates from listed product based manufacturing is mandatory.
• Strong business partnering skills with ability to communicate effectively across functions.
• Analytical thinking with problem-solving approach.
• Ability to challenge numbers and drive discussions with business teams.
• Good team player with ability to work across departments.
• Experience in costing, MIS, budgeting, and inventory management in manufacturing.
• Should have knowledge of Balance Sheet and P&L reading.
• Strong working knowledge of SAP (MM, FI, CO, COPA).
• Understanding of cost structures, plant operations, and production processes.
• Exposure to automation, BI tools, and process improvement initiatives.
   

Mandatory Requirement

Primary Job Profile : Costing

Technical Skills : Cost accounting, MIS, Inventory Analysis

Maximum Notice Period: 45 Days

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