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Costing Manager

georgfischer · Mumbai
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Key Responsibilities: Cost Accounting & Product Costing • Manage and maintain the standard costing system across all manufacturing facilities • Lead periodic reviews of standard costs, cost structures and costing methodologies • Ensure accurate costing of products, projects and manufactured goods • Review and validate Bills of Materials (BOMs), routings and manufacturing master data • Evaluate cost implications of new products, design changes and engineering modifications • Develop and maintain cost models for new and existing products • Analyse manufacturing cost drivers and identify opportunities for cost reduction Manufacturing Finance & Variance Analysis • Analyse actual manufacturing costs and conduct variance analysis against standards • Monitor material, labour and overhead variances and recommend corrective actions • Partner with Operations to improve manufacturing efficiency and profitability • Prepare and present monthly manufacturing performance reports • Monitor and report production yields, scrap rates and operational efficiencies Inventory Management & Controls • Ensure accurate inventory valuation in accordance with company policies and accounting standards • Lead annual stock counts and periodic cycle count programs • Oversee inventory reconciliations and investigate inventory variances • Review slow-moving, obsolete and excess inventory provisions • Strengthen inventory controls and improve inventory accuracy Pricing & Profitability Analysis • Manage pricing master data and ensure pricing accuracy within ERP and Salesforce • Support Commercial teams in project pricing, tender evaluations and customer quotations • Perform customer, product and business segment profitability analysis • Provide recommendations to improve margins and overall business profitability • Support commercial decision-making through financial modelling and scenario analysis Financial Planning & Reporting • Support annual budgeting, forecasting and strategic planning activities • Prepare cost center analysis and manufacturing financial reports • Assist with month-end, quarter-end and year-end closing activities • Provide management with reports analysing factors affecting costs, pricing and profitability • Support management reporting requirements for Finance, Operations and Executive Leadership Process Improvement & ERP Systems • Lead continuous improvement initiatives within costing and inventory processes • Drive ERP enhancements related to costing, inventory and reporting • Improve data quality and integrity across costing structures and manufacturing records • Identify automation opportunities that improve efficiency and reporting accuracy • Promote best practices in manufacturing finance and cost management Business Partnering • Work closely with Operations, Supply Chain, Procurement and Commercial teams to support business objectives • Provide financial insight and recommendations for investment decisions and manufacturing projects • Evaluate cost-saving opportunities and business optimization initiatives • Support strategic projects, capital expenditure proposals and operational improvement programs Qualifications: • Bachelor’s degree in Accounting; a professional accounting qualification is an advantage. • Minimum 6–8 years of cost accounting experience within a manufacturing environment. • Strong knowledge of cost systems, accounting principles, cost standards, and financial reporting. • Advanced Excel and PowerPoint skills; experience with Oracle or another ERP system is an advantage. • Strong analytical skills with the ability to work independently and collaborate with engineering and manufacturing teams. • This role is part of GF's offshore model and will support accurate financial and management reporting for the GF G5 and KSA businesses. • Demonstrated ability to collaborate effectively in a multicultural environment across functions, countries and time zones. • Excellent communication, stakeholder-management and influencing skills, with the ability to build trusted relationships with GF G5 and KSA teams. • Ability to work independently from India while ensuring proactive coordination, responsiveness and service delivery to regional stakeholders. Contact person: Miti Zala
Talent Acquisition & Employee Engagement Manager, GF G5 & KSA
miti.zala@georgfischer.com Please submit your application via the ‘Apply’ button. The recruiter’s email is for enquiries only.

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