Manager – Costing – Manufacturing Cornerstone

The Corporate Institute; Pune District; On-site; INR 2,500,000 - 4,000,000; Full time

Job summary

The Corporate Institute is seeking a Manager – Costing to lead global cost accounting across manufacturing sites, driving standard costing, pricing support and SAP CO enhancements. You will partner with Sales to optimize profitability and margins for subsidiaries.

You will also work with operations and finance to improve cost efficiency, monitor variances, manage budgets and guide cost-related decision making across the business.

Responsibilities

• Product Costing & Pricing: develop standard cost models for products across sites and update costs with production, procurement and R&D.
• Sales partnership: collaborate on pricing proposals and customer quotations; analyze profitability to guide pricing and margin targets.
• Cost Monitoring & Analysis: track variances, analyze cost drivers, and report on inventory valuation and overhead absorption.
• Plant Cost Analysis: monitor production costs, support CAPEX planning and cost-benefit analyses with plant management.
• Budgeting & Forecasting: coordinate annual budgets and rolling forecasts; develop cost-centre budgets and track deviations.
• SAP Controlling (CO) & System Improvements: act as SAP CO lead, drive improvements, ensure master-data integrity, train users.

Tools

SAP CO

Job description

The Manager – Costing will oversee, manage and optimise the cost accounting processes and structure within a global manufacturing environment – covering product costing, cost monitoring and analysis, budgeting and controlling, plant cost control and SAP CO system enhancements. A key aspect of the role is strategic partnership with the Global Sales team to drive data-informed product pricing, customer profitability and margin improvement across all subsidiaries, while serving as a business partner to the operations and finance teams in driving cost efficiency, profitability and continuous improvement.

KEY RESPONSIBILITIES

1. Product Costing & Pricing:

• – Develop and maintain standard cost models for all products across multiple manufacturing sites.
• – Work with production, procurement and R&D for accurate, timely costing updates and new-product costing.
• – Support pricing strategies and reviews based on cost structures and market data; align pricing decisions with Global Sales on cost realities and margin targets.
• – Run cost simulations for new products and BOM/process changes; support financial modelling, payback/IRR calculations and monitoring of new capex projects.

2. Sales Partnership for Pricing & Margin Improvement:

• – Collaborate with Global Sales on pricing proposals and customer quotations.
• – Conduct customer- and product-level profitability analysis to guide commercial decisions; recommend pricing adjustments based on cost movements, competitive positioning and margin goals.
• – Lead margin improvement projects with Sales, Product Management and Operations.

3. Cost Monitoring & Analysis:

• – Monitor and analyse variances between standard and actual costs; identify cost drivers and provide actionable insights.
• – Profitability and margin analysis at SKU, customer and business-unit levels; insights on variable and fixed cost trends.
• – Evaluate inventory valuations and overhead absorption; responsible for inventory verification and reporting, release of new-product cost estimates in SAP, and month-closing activities in the system.

4. Plant Cost Analysis:

• – Partner with plant management to monitor production and operational costs (direct and indirect); support CAPEX planning and cost-benefit analyses.
• – Set and monitor cost KPIs for manufacturing units (production efficiency, yield, waste); track Kaizen initiatives and cost-saving projects.

5. Budgeting & Forecasting:

• – Coordinate and compile the annual budget for all group companies; analyse deviations and recommend corrective actions.
• – Business scenario analysis and rolling forecasts (weekly, monthly, quarterly, six-monthly) with observations on revenue and cost drivers.
• – Develop cost-centre budgets with monthly budget vs. actual reporting; assist in setting manufacturing and cost-efficiency targets.

6. SAP Controlling (CO) & System Improvements:

• – Act as SAP key user for cost controlling – product costing, cost-centre accounting and internal orders.
• – Drive system enhancements and automation for costing, reporting and budgeting; ensure master-data integrity (customers, vendors, products) across subsidiaries; train users on SAP CO and reporting tools.