Costing Engineer

Furniture Kraft International; Bhiwandi; On-site; INR 400,000 - 600,000; Full time

Job summary

Furniture Kraft International is seeking a dedicated Costing Specialist to manage product costing for upholstered furniture. You will prepare detailed cost sheets, maintain BOMs, and analyze material and labour inputs to guide pricing decisions.

Ideal candidates will have a diploma or degree in mechanical/production/industrial engineering, strong Excel skills, and experience with cost accounting in manufacturing.

Qualifications

• Candidates with manufacturing costing experience preferred.
• Strong understanding of cost accounting and BOM processes.
• Experience in upholstery/furniture costing is advantageous.

Responsibilities

• Prepare accurate product costing for furniture items (sofas, chairs, recliners).
• Develop and maintain BOMs and costing sheets for new and existing products.
• Estimate material, labour, overhead, and other costs per item.
• Analyze vendor quotations and material prices for cost inputs.
• Monitor cost variances and identify cost reduction opportunities.
• Assist in setting selling prices and margins with reliable data.

Skills

Cost accounting

BOM management

Material consumption

Labour costing

Overhead allocation

Variance analysis

MS Excel

Data analysis

Technical drawings

Cost optimization

Education

Diploma / B.E. / B.Tech in Mechanical, Production, Industrial Engineering

Tools

MS Excel

Job description

Key Responsibilities

• Prepare accurate product costing for sofas, chairs, recliners, and other upholstered furniture.
• Calculate material, labour, overhead, and manufacturing costs to arrive at the overall product cost.
• Develop and maintain BOM (Bill of Materials) and costing sheets for new and existing products.
• Estimate consumption of key materials such as fabric, leather, foam, wood, plywood, hardware, springs, adhesives, and other components.
• Coordinate with Design, Production, Purchase, Quality, and Sales teams to gather accurate cost inputs.
• Analyze vendor quotations and material prices and incorporate the latest rates into costing.
• Conduct cost variance analysis between estimated and actual production costs.
• Identify opportunities for cost reduction and process optimization without compromising product quality.
• Review product specifications, drawings, and construction details to assess their impact on cost.
• Support the development and costing of new products and customized furniture.
• Maintain accurate costing databases and ensure timely revision of costs based on changes in material prices, processes, or specifications.
• Assist in setting appropriate selling prices and margins by providing reliable cost data.
• Monitor wastage, material consumption, and production efficiency to identify cost leakages.
• Prepare regular costing reports and management MIS as required.

Key Skills & Competencies

• Strong understanding of product costing and cost accounting principles.
• Good knowledge of BOM, material consumption, labour costing, overhead allocation, and variance analysis.
• Understanding of upholstered furniture manufacturing and its components will be an advantage.
• Strong MS Excel skills, including formulas and data analysis.
• Good analytical and numerical skills with strong attention to detail.
• Ability to understand technical drawings, product specifications, and manufacturing processes.
• Strong coordination and communication skills.
• Ability to work with large volumes of data and meet deadlines.
• Commercial awareness and a strong focus on cost optimization.

Educational Qualification

• Diploma / B.E. / B.Tech in Mechanical, Production, Industrial Engineering, or a related discipline.
• Candidates with relevant experience in manufacturing costing may also be considered.