Costing Manager

Georg Fischer Ltd.; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Georg Fischer Ltd. Mumbai invites a seasoned Costing Manager to lead cost accounting, product costing and budgeting across our manufacturing footprint. You will drive standard costing, BOM validation, and cost modelling while partnering with Operations to improve efficiency.

The role requires 6–8 years in manufacturing cost accounting, strong Excel/PowerPoint skills and ERP experience (Oracle). Expect active involvement in pricing, profitability analysis and financial reporting.

Qualifications

• Bachelor's degree in Accounting and professional qualification advantageous.
• 6–8 years cost accounting experience in manufacturing.
• Solid knowledge of cost systems, accounting principles, cost standards and financial reporting.
• Advanced Excel and PowerPoint; ERP experience advantageous.

Responsibilities

• Cost Accounting & Product Costing across manufacturing facilities and standard costing, BOMs and master data validation.
• Manufacturing Finance & Variance Analysis including cost drivers and corrective actions.
• Inventory Management & Controls with annual counts and cycle counts.
• Pricing & Profitability Analysis including tender support and profitability reviews.
• Financial Planning & Reporting supporting budgeting, forecasting and month-end closes.
• Process Improvement & ERP Systems driving costing and inventory enhancements.
• Business Partnering with Operations, Supply Chain and Commercial teams for investment decisions.

Skills

Cost accounting

Cost systems

Financial reporting

Excel

PowerPoint

Analytical skills

Oracle ERP

Education

Bachelor's degree in Accounting

Tools

Oracle ERP

Job description

## Costing ManagerApply: Mumbai: Full time: Posted Today: JR11437## Key Responsibilities:**Cost Accounting & Product Costing*** Manage and maintain the standard costing system across all manufacturing facilities* Lead periodic reviews of standard costs, cost structures and costing methodologies* Ensure accurate costing of products, projects and manufactured goods* Review and validate Bills of Materials (BOMs), routings and manufacturing master data* Evaluate cost implications of new products, design changes and engineering modifications* Develop and maintain cost models for new and existing products* Analyse manufacturing cost drivers and identify opportunities for cost reduction**Manufacturing Finance & Variance Analysis*** Analyse actual manufacturing costs and conduct variance analysis against standards* Monitor material, labour and overhead variances and recommend corrective actions* Partner with Operations to improve manufacturing efficiency and profitability* Prepare and present monthly manufacturing performance reports* Monitor and report production yields, scrap rates and operational efficiencies**Inventory Management & Controls*** Ensure accurate inventory valuation in accordance with company policies and accounting standards* Lead annual stock counts and periodic cycle count programs* Oversee inventory reconciliations and investigate inventory variances* Review slow-moving, obsolete and excess inventory provisions* Strengthen inventory controls and improve inventory accuracy**Pricing & Profitability Analysis*** Manage pricing master data and ensure pricing accuracy within ERP and Salesforce* Support Commercial teams in project pricing, tender evaluations and customer quotations* Perform customer, product and business segment profitability analysis* Provide recommendations to improve margins and overall business profitability* Support commercial decision-making through financial modelling and scenario analysis**Financial Planning & Reporting*** Support annual budgeting, forecasting and strategic planning activities* Prepare cost center analysis and manufacturing financial reports* Assist with month-end, quarter-end and year-end closing activities* Provide management with reports analysing factors affecting costs, pricing and profitability* Support management reporting requirements for Finance, Operations and Executive Leadership**Process Improvement & ERP Systems*** Lead continuous improvement initiatives within costing and inventory processes* Drive ERP enhancements related to costing, inventory and reporting* Improve data quality and integrity across costing structures and manufacturing records* Identify automation opportunities that improve efficiency and reporting accuracy* Promote best practices in manufacturing finance and cost management**Business Partnering*** Work closely with Operations, Supply Chain, Procurement and Commercial teams to support business objectives* Provide financial insight and recommendations for investment decisions and manufacturing projects* Evaluate cost-saving opportunities and business optimization initiatives* Support strategic projects, capital expenditure proposals and operational improvement programs **Qualifications:*** Bachelor’s degree in Accounting; a professional accounting qualification is an advantage.* Minimum 6–8 years of cost accounting experience within a manufacturing environment.* Strong knowledge of cost systems, accounting principles, cost standards, and financial reporting.* Advanced Excel and PowerPoint skills; experience with Oracle or another ERP system is an advantage.* Strong analytical skills with the ability to work independently and collaborate with engineering and manufacturing teams.* This role is part of GF's offshore model and will support accurate financial and management reporting for the GF G5 and KSA businesses.* Demonstrated ability to collaborate effectively in a multicultural environment across functions, countries and time zones.* Excellent communication, stakeholder-management and influencing skills, with the ability to build trusted relationships with GF G5 and KSA teams.* Ability to work independently from India while ensuring proactive coordination, responsiveness and service delivery to regional stakeholders.