Costing

V S International; Mumbai; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

V.S. International Private Limited is seeking a Costing & Analysis professional to lead product costing, cost control and profitability assessment. You will oversee monthly costing for raw materials, packing materials, labour and overheads, and support pricing decisions for domestic and international business.

The role includes inventory valuation, MIS reporting, and cross-functional collaboration with Production, Purchase and Finance to optimise margins and drive strategic pricing.

Qualifications

• Must have strong analytical and numerical skills.
• Experience with costing, cost control and profitability analysis preferred.
• Exposure to FMCG/pharma costing is advantageous.

Responsibilities

• Prepare and maintain product-wise costing covering RM, PM, analytical costs, labour and overheads.
• Review and update product costs based on RM/PM prices, labour costs and utilities.
• Identify cost reduction opportunities and advise management.
• Provide costing inputs for new products, contract manufacturing and export opportunities.

Job description

About V.S. International Private Limited (VSI)

Established in 1997, VSI is a globally focused pharmaceutical company with a growing presence across Africa, Southeast Asia, the Middle East, and Latin America. Operating across branded generics and contract manufacturing, the company is building a diversified and scalable business model.

Our EU-GMP-approved OSD facility in Daman, with accreditations from leading global regulators, supports an annual capacity of 3 billion tablets and 300 million capsules reflecting our strong manufacturing and compliance backbone.

Driven by a robust R&D pipeline and capabilities in complex formulations and advanced drug delivery systems, VSI is focused on expanding its footprint in regulated and semi-regulated markets while strengthening strategic partnerships globally.

Role Purpose

To lead the organisations product costing, cost analysis and cost-control function, with a focus on accurate product profitability assessment, export pricing support, procurement cost analysis and identification of opportunities for cost optimisation.

Key Responsibilities & Tasks

1. Product Costing & Cost Analysis

• Prepare and maintain product-wise and batch-wise costing covering Raw Materials (RM), Packing Materials (PM), analytical/testing costs, labour and applicable manufacturing overheads.
• Review and finalise product costs periodically based on current purchase prices, manufacturing costs and other relevant cost drivers.
• Ensure costing is updated regularly to reflect changes in RM/PM prices, labour costs, utilities, freight and other manufacturing expenses.
• Analyse product cost trends and identify significant cost movements.
• Identify opportunities for cost reduction and optimisation and recommend corrective measures to management.
• Provide costing inputs for new products, contract manufacturing and other business opportunities.

2. Inventory Valuation & Cost Review

• Carry out monthly valuation of Raw Materials, Packing Materials, WIP and Finished Goods in accordance with applicable accounting and costing principles.
• Review inventory valuation methodologies and ensure appropriate allocation of relevant costs.
• Conduct ABC analysis of inventory and provide relevant analysis to management.
• Review non-moving/slow-moving inventory and highlight potential financial and operational implications.
• Coordinate with Stores, Production and Finance teams to ensure accuracy of inventory and costing data.

3. MIS & Product Profitability Analysis

• Prepare monthly product-wise contribution and profitability analysis.
• Rank products based on contribution/margin and highlight key products requiring management attention.
• Analyse product-wise cost and contribution trends and identify opportunities for improving margins.
• Provide costing-related MIS and analytical reports to the CFO and Management.
• Support management with relevant costing information for business and pricing decisions.

4. Drug Pricing, Tender & International Business Support

• Provide costing and pricing support for domestic and international tenders, B2B business and export opportunities.
• Prepare detailed cost build-ups and profitability analysis for proposed business.
• Assist in determining appropriate pricing based on product cost, target margins, freight, duties and other applicable commercial factors.
• Provide costing inputs required for international filings and commercial submissions.
• Evaluate the cost and profitability implications of new export markets, customers and products.

5. Purchase Pricing & Vendor Cost Analysis

• Prepare comparative cost analysis of RM and PM sourced from different vendors.
• Analyse vendor-wise purchase prices and identify opportunities for procurement cost optimisation.
• Monitor significant changes in RM/PM prices and assess their impact on product costing and profitability.
• Analyse local and international freight costs and evaluate their impact on overall landed cost.

6. Cost Control & Continuous Improvement

• Monitor key manufacturing cost components and identify areas of cost escalation.
• Conduct periodic cost variance analysis between standard/estimated and actual costs.
• Work closely with Production, Purchase, Quality, Stores and Finance teams to identify and address cost inefficiencies.
• Develop and strengthen costing systems, processes and MIS for improved management visibility.