Deputy Manager - Finance Costing

Role: Costing & MIS Analyst (Manufacturing / Industrial Products)

Responsibilities:

1. Perform daily Sales and Cost of Goods Manufactured (COGM) analysis, comparing actual vs. standard costs, and identify key cost drivers affecting profitability. Prepare summaries to support management decisions.
2. Carry out Work-in-Progress (WIP) valuation on a periodic basis, ensuring accuracy in inventory accounting. Conduct variance analysis for material, labor, and overhead to highlight deviations and recommend corrective actions.
3. Analyze the COGM-related General Ledger (GL) accounts in the Profit & Loss statement, validating account balances, allocations, and cost postings. Coordinate with Finance and Plant teams to ensure correctness of entries and month-end closing.
4. Review spare parts and wear part pricing periodically. Evaluate cost changes, market pricing trends, and margin impacts. Propose price revisions aligned with profitability, cost recovery, and competitive positioning.
5. Conduct sales order-level profitability analysis, covering margins, contribution, cost absorption, and discounts. Provide insights to Sales and Commercial teams for pricing decisions and deal approvals.
6. Ensure accurate and timely preparation of MIS reports, dashboards, and cost performance summaries for management review. Support weekly/monthly business reviews with clear data interpretation and recommendations.

Qualifications

• Min 5 - 12 years of experience in costing within engineering industries.
• Strong ability to influence stakeholders effectively.
• Proficiency and comfort with numerical data.
• Excellent verbal and written communication, presentation, and analytical skills.
• Hands-on experience with Excel.
• Knowledge of SAP is essential.
• Experience in report preparation and analysis.

Educational Qualifications

• B.Com in any specialization.
• ICWA (CMA) in any specialization.