Manager Accounts & Finance (Costing)

Job Summary

We are looking for an experienced and result-oriented Manager Accounts & Finance with strong expertise in product costing, cost analysis, financial MIS and management reporting. The incumbent will be responsible for overseeing the end-to-end costing function, ensuring accurate product costing, monitoring cost structures, identifying cost optimisation opportunities and providing meaningful financial insights to support business decisions.

The candidate should possess strong analytical skills, advanced Excel proficiency and hands-on experience with SAP.

Key Responsibilities

1. Product Costing & Cost Management

• Oversee end-to-end product costing, including raw materials, utilities, manpower, overheads and other manufacturing costs.
• Develop, review and maintain standard costing and actual product costing.
• Analyse product-wise, process-wise and batch-wise cost variations.
• Monitor material consumption, yield, process losses and manufacturing variances.
• Identify cost optimisation opportunities and drive cost reduction initiatives.
• Ensure accurate costing of new products, existing products and process changes.
• Conduct periodic cost benchmarking and profitability analysis.

2. MIS & Management Reporting

• Prepare and present periodic financial MIS, costing reports and management dashboards.
• Develop product-wise and business-wise profitability reports.
• Analyse budget versus actual expenditure and highlight significant deviations.
• Provide insights on cost trends, variances and financial performance to management.
• Ensure accuracy and timely submission of all MIS reports.

3. Financial Planning & Analysis

• Support annual budgeting, forecasting and financial planning activities.
• Monitor manufacturing costs and operating expenses against approved budgets.
• Conduct variance analysis and provide actionable recommendations.
• Support business teams in financial decision-making through detailed cost analysis.

4. SAP & Data Management

• Ensure effective utilisation of SAP for costing, financial reporting and analysis.
• Work on SAP-based cost centre accounting, product costing and related financial modules.
• Ensure accuracy and integrity of financial and costing data.
• Develop and automate MIS reports using advanced MS Excel.

Desired Skills & Competencies

• Strong expertise in product costing and manufacturing cost analysis.
• Excellent knowledge of standard costing, actual costing and variance analysis.
• Advanced MS Excel skills, including Pivot Tables, VLOOKUP/XLOOKUP and data analysis.
• Hands-on experience in SAP, preferably with FICO and Product Costing (CO-PC).
• Strong MIS preparation, analytical and presentation skills.
• Good understanding of manufacturing processes and cost structures.
• Strong communication, stakeholder management and problem-solving skills.

Educational Qualification & Experience

• Qualified Cost Accountant (ICMAI / CMA) is mandatory.
• 812 years of relevant experience in Accounts & Finance.
• Experience in a manufacturing organisation, preferably in the chemical, pharmaceutical or life sciences industry.
• Demonstrated experience in handling product costing, financial MIS and cost optimisation initiatives.

Preferred Candidate Profile: A commercially oriented finance professional with strong costing fundamentals, analytical capabilities and the ability to independently manage the complete product costing function.