Commercial Costing & Pricing Executive

Rama Mining Tools Pvt. Ltd.; Thane; On-site; INR 600,000 - 900,000; Full time

Benefits offered by this job

Timely Payout

Bonus

Leave Encashment

Insurance

Job summary

Rama Mining Tools Pvt. Ltd. in Thane, Maharashtra invites a detail-oriented Costing and Pricing Analyst to join our finance team.

You will own end-to-end costings, update vendor prices, and prepare product-wise costing sheets to support competitive quoting. You will analyze price variations, allocate overheads, and determine selling prices based on margins, country conditions, and market trends. Strong Excel skills and a commercial mindset are essential.

Qualifications

• Strong analytical and numerical skills required.
• Experience with costing and pricing concepts.
• Excellent communication and coordination abilities.
• Proficient in Excel and costing sheets.
• Ability to analyze vendor pricing and market data.

Responsibilities

• Manage end-to-end costing and pricing activities.
• Collect and maintain updated vendor prices, including currency, MOQ, payment terms, freight, and delivery terms.
• Verify and compare current vendor prices with previous purchase prices and identify price variations.
• Prepare product-wise costing sheets based on vendor purchase prices and applicable commercial costs.
• Calculate and allocate relevant company overheads to determine the actual product cost.
• Determine selling prices based on cost, target margin, country, and market conditions.
• Prepare pricing levels (target, minimum, standard, negotiated) as needed.
• Analyze customer-wise pricing and ensure consistency with historical pricing.
• Prepare quantity-based pricing and assess impact on cost and margins.
• Compare market prices and propose pricing strategies to Sales and Management.
• Review market conditions, demand, competition, and customer importance for pricing decisions.
• Support Sales with accurate costing for quotations and negotiations.
• Review special pricing requests and assess impact on cost and profitability.
• Monitor margins and ensure quotes meet approved margins.
• Highlight low/high-cost products to Management for review.
• Review quotations to ensure correct cost, price, margin, freight, and other components.
• Prepare MIS/reports on vendor price changes, costing, margins, and profitability.

Skills

Analytical skills

Numerical skills

Communication

Coordination

Costing concepts

Education

B.Com / B.E. / Diploma

Tools

Excel

Job description

Manage end-to-end costing and pricing activities.

Collect and maintain updated vendor prices, including currency, MOQ, payment terms, freight, and delivery terms.

Verify and compare current vendor prices with previous purchase prices and identify price variations.

Prepare product-wise costing sheets based on vendor purchase prices and applicable commercial costs.

Calculate and allocate relevant company overheads to determine the actual product cost.

Determine recommended selling prices based on cost, target margin, customer requirements, quantity, country, and market conditions.

Prepare different pricing levels such as target price, minimum price, standard price, and special/negotiation price where required.

Analyse customer-wise pricing and maintain consistency with historical selling prices and customer categories.

Prepare quantity-based pricing and analyse the impact of order quantity on cost and profit margins.

Compare competitor and market prices and recommend suitable pricing strategies to the Sales and Management teams.

Review market conditions, product demand, competition, and customer importance while recommending selling prices.

Support the Sales Team with accurate and timely costing and pricing for quotations and customer negotiations

Review special pricing requests from Sales and evaluate their impact on cost, margin, and profitability.

Monitor target margins and ensure that products are not quoted below the approved or required margin without proper approval.

Highlight low-margin, negative-margin, or high-cost products/orders to Management for review and approval.

Review quotations before submission to ensure correct product cost, selling price, margin, freight, duties, and other commercial components.

Prepare MIS and reports related to vendor price changes, product costing, selling prices, margins, customer pricing, and country-wise profitability

Key Responsibilities

• Manage end-to-end costing and pricing activities.

• Collect and maintain updated vendor prices, including currency, MOQ, payment terms, freight, and delivery terms.

• Verify and compare current vendor prices with previous purchase prices and identify price variations.

• Prepare product-wise costing sheets based on vendor purchase prices and applicable commercial costs.

• Calculate and allocate relevant company overheads to determine the actual product cost.

• Determine recommended selling prices based on cost, target margin, customer requirements, quantity, country, and market conditions.

• Prepare different pricing levels such as target price, minimum price, standard price, and special/negotiation price where required.

• Analyse customer-wise pricing and maintain consistency with historical selling prices and customer categories.

• Prepare quantity-based pricing and analyse the impact of order quantity on cost and profit margins.

• Compare competitor and market prices and recommend suitable pricing strategies to the Sales and Management teams.

• Review market conditions, product demand, competition, and customer importance while recommending selling prices.

• Support the Sales Team with accurate and timely costing and pricing for quotations and customer negotiations

• Review special pricing requests from Sales and evaluate their impact on cost, margin, and profitability.

• Monitor target margins and ensure that products are not quoted below the approved or required margin without proper approval.

• Highlight low-margin, negative-margin, or high-cost products/orders to Management for review and approval.

• Review quotations before submission to ensure correct product cost, selling price, margin, freight, duties, and other commercial components.

• Prepare MIS and reports related to vendor price changes, product costing, selling prices, margins, customer pricing, and country-wise profitability

Requirements

• B.Com / B.E. / Diploma or equivalent.

• 2-5 years' experience in Costing / Pricing / Commercial / Purchase / Procurement or related role.

• Experience dealing with engineering / industrial products preferred.

• Strong knowledge of costing and pricing concepts.

• Strong analytical and numerical skills.

• Good knowledge of Excel and ability to prepare and maintain costing sheets.

• Ability to calculate landed cost, overheads, margins, and selling prices.

• Ability to analyse vendor pricing and commercial terms.

• Ability to compare current and previous purchase prices.

• Ability to analyse customer-wise, country-wise, and quantity-wise pricing.

• Ability to analyse market and competitor pricing.

• Ability to understand product specifications and their impact on costing and pricing.

• Strong communication and coordination skills.

• Ability to coordinate with Sales, Purchase, Stores, Logistics, Finance, and Management.

• Ability to prepare and present costing, pricing, margin, and commercial reports to Management.

• Strong commercial mindset with focus on cost control, profitability, and competitive pricing.

Benefits

• Timely Payout
• Bonus
• Leave Encashment
• Insurance