Costing Manager

Candor Textiles; Indore District; On-site; INR 1,400,000 - 2,300,000; Full time

Job summary

Candor Textiles Pvt. Ltd. in Indore seeks a seasoned cost professional to lead product costing, standard costing and cost reporting. You will collaborate with Production, SCM and Finance to ensure accurate cost sheets, BOM accuracy and profitability analysis.

The role demands 8–12 years in manufacturing costing, CA/CMA/MBA finance or B.Com with relevant certification, and hands-on ERP costing experience to drive budgeting and forecasting efforts.

Qualifications

• CA/CMA/MBA (Finance) or B.Com with relevant certification and 8–12 years in manufacturing costing.
• Strong understanding of CAS, BOM and process costing.
• Experience with ERP-based costing systems preferred.

Responsibilities

• Prepare detailed cost sheets covering raw materials, labour, overheads, and other direct/indirect costs.
• Develop and maintain standard costing systems.
• Support pricing decisions with accurate cost analysis.
• Review BOM and routing data for cost accuracy.
• Analyze material, labour, and overhead variances and identify corrective actions.
• Prepare monthly cost MIS and profitability reports.
• Support budgeting and forecasting with cost insights.

Skills

Cost accounting

ERP costing

CAS & BOM

Process costing

Education

CA / CMA / MBA (Finance) / B.Com

Job description

Role & responsibilities

Product Costing & Estimation

• Prepare detailed cost sheets covering raw materials, labour, overheads, and other direct/indirect costs.
• Develop and maintain standard costing systems.
• Support pricing decisions with accurate cost analysis.
• Review BOM and routing data for cost accuracy.

Variance Analysis

• Analyze material, labour, and overhead variances (standard vs actual).
• Identify reasons for deviations and recommend corrective actions.
• Present variance reports with financial impact analysis.

Inventory & Consumption Control

• Monitor material consumption trends and wastage levels.
• Reconcile physical stock with book records.
• Control slow-moving and obsolete inventory.
• Ensure proper valuation of inventory as per accounting standards.

Cost Reporting & MIS

• Prepare monthly cost MIS and management reports.
• Provide product-wise, order-wise, and department-wise profitability reports.
• Support monthly and annual financial closing activities.

Cross-Functional Coordination

• Work closely with Production, SCM, Merchandising, and Finance teams.
• Provide cost impact analysis for new products and process changes.
• Support management in budgeting and forecasting exercises.

Preferred candidate profile

• CA / CMA / MBA (Finance) / B.Com
• 8-12 years of experience in manufacturing costing
• Experience in ERP-based costing systems preferred
• Strong knowledge of Cost Accounting Standards (CAS), BOM, and process costing principles