Manager - Costing & Pricing

Role

The Manager - Costing & Pricing will be responsible for establishing and maintaining

accurate product costs, pricing frameworks, MRP calculations, margin analysis, and

commercial viability assessments. The role will work closely with procurement,

manufacturing, design, sales, and finance teams to ensure profitable pricing decisions

and continuous improvement in product profitability.

Key Responsibilities

Product Costing

• Prepare and maintain detailed product-wise cost sheets.
• Develop and periodically review Bills of Materials (BOMs).
• Calculate standard cost and actual cost for all product categories.
• Analyse material, labor, overhead, packaging, logistics, and installation costs.
• Ensure accurate product costing for both standard and customized furniture

products.

Pricing & MRP Management

• Determine MRP and selling price recommendations for various product lines.
• Develop pricing models considering target margins, channel margins, discounts,

taxes, and competitive benchmarking.

• Review pricing structures periodically to reflect raw material and operating cost

fluctuations.

• Support management in price revision exercises and new product launches.

Margin & Profitability Analysis

• Conduct SKU-wise, category-wise, customer-wise, and project-wise profitability

analysis.

• Track gross margin and contribution margin across business segments.
• Identify low-margin products and recommend corrective actions.
• Prepare profitability dashboards and pricing reports for management review.

Manufacturing Cost Control

• Monitor material consumption and manufacturing variances.
• Analyse labour utilization and factory overhead absorption.
• Conduct variance analysis for material, labour, and overhead costs.
• Work closely with production teams to drive cost optimization initiatives.

Tender & Project Costing

• Support bid submissions by preparing detailed commercial cost estimates.
• Evaluate profitability of government, institutional, healthcare, education, and

infrastructure projects.

• Review tender commercial terms and assess pricing risks.
• Assist business teams in strategic pricing decisions for large opportunities.

Inventory & Cost Analytics

• Monitor inventory valuation and costing methodologies.
• Analyse inventory aging and excess stock impact on profitability.
• Support physical stock verification and reconciliation exercises.
• Ensure costing accuracy in ERP systems.

MIS & Decision Support

• Prepare monthly cost performance reports and management dashboards.
• Present insights on cost drivers, pricing trends, and profitability.
• Support annual budgeting and forecasting processes.
• Provide actionable recommendations to improve business margins.

Preferred

• CMA with additional exposure to Finance, Commercial, or Manufacturing Operations.

Experience

• Experience in manufacturing, furniture, modular furniture, interiors, building

products, consumer durables, or project-based industries preferred.

• Hands-on experience in product costing, pricing, costing models, and

profitability analysis.