Costing Manager

Georgfischer; Mumbai; On-site; INR 1,400,000 - 2,200,000; Full time

Job summary

Georgfischer is hiring for a Manufacturing Costing role in Mumbai. You will own cost accounting, standard costing and material variances, while collaborating with Engineering and Operations to optimize product costing and inventory controls.

Responsibilities include reviews of BOMs, routings, and master data, plus driving cost models and profitability analysis for projects and products. This role supports offshore GF operations in a dynamic environment.

Qualifications

• Bachelor's degree in Accounting and professional accounting qualification advantageous.
• Strong knowledge of cost systems, cost standards and financial reporting.
• Advanced Excel and PowerPoint skills; ERP experience is a must.

Responsibilities

• Cost accounting & product costing across manufacturing facilities.
• Lead standard costing, cost structures and costing methodologies reviews.
• Analyze variance against standards and drive cost reduction opportunities.
• Prepare monthly manufacturing performance reports and profitability analyses.
• Collaborate with Operations to improve efficiency and profitability.

Skills

Cost accounting

Advanced Excel

PowerPoint

ERP experience

Education

Bachelor's degree in Accounting

Professional accounting qualification

Tools

Oracle ERP

Job description

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.