Assistant Manager - Costing

Role Overview

Key Responsibilities

• Prepare and maintain product costing and standard cost sheets covering raw materials, packaging materials, labour, and manufacturing overheads.
• Conduct actual versus standard cost variance analysis and identify key cost drivers.
• Analyse material consumption, production yield, wastage, conversion costs, and manufacturing efficiencies.
• Support new product costing, cost feasibility assessments, and profitability analysis.

• Prepare monthly plant MIS, costing reports, financial statements, and profitability analyses.
• Support plant budgeting, forecasting, and periodic financial reviews.
• Provide actionable insights on cost trends, variances, and operational performance to management.
• Support month-end closing, audits, and other financial reporting requirements.

• Monitor inventory valuation, stock movements, material consumption, and inventory-related costs.
• Ensure accurate accounting of raw materials, packaging materials, work-in-progress, and finished goods, as applicable.
• Identify cost leakages, wastage, and opportunities for cost reduction and process improvement.
• Ensure the accuracy and integrity of costing and financial data in Tally ERP.

• Work closely with Production, Procurement, Stores, and other relevant teams to improve cost efficiency and inventory control.
• Undertake visits to VLCC/BMCs and third-party manufacturing/product facilities, as required.
• Travel approximately 20–25% of the time for operational reviews, data validation, and cost assessments.

• Ensure adherence to company financial policies, accounting standards, and internal control procedures.
• Strengthen costing processes, reporting accuracy, and financial discipline at the plant level.
• Take ownership of deliverables and drive timely closure of costing and reporting activities.

Qualifications & Experience

• B.Com or M.Com in Finance / Accounting is mandatory.
• 10+ years of relevant experience in Costing / Finance & Accounts, with hands-on experience in the food processing industry being mandatory.
• CMA / CMA Inter qualification is preferred but not mandatory.
• Strong practical knowledge of product costing, standard costing, variance analysis, inventory accounting, and manufacturing cost control.
• Working knowledge of Tally ERP and MS Excel.
• Experience in plant finance, manufacturing MIS, budgeting, and cost optimisation.

Key Competencies

• Strong analytical and problem-solving skills.
• High ownership and accountability for deliverables.
• Good communication and interpersonal skills.
• High emotional intelligence and the ability to collaborate effectively with cross-functional teams.
• Strong attention to detail and the ability to translate financial and operational data into actionable insights.
• Willingness to travel approximately 20–25% of the time.