Manager - Costing & Pricing

Geeken Seating Collection; Gurugram District; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Geeken Seating Collection is seeking a Manager - Costing & Pricing to establish accurate product costs, pricing frameworks, and cost control for furniture lines. You will work with procurement, manufacturing, design, sales, and finance to drive profitable pricing decisions and sustain product profitability.

Key responsibilities include cost sheets, BOM management, standard vs actual costing, margin tracking, and dashboards.

Qualifications

• Prepare and maintain detailed product-wise cost sheets.
• Develop and periodically review Bills of Materials (BOMs).
• Calculate standard cost and actual cost for all product categories.
• Analyse material, labor, overhead, packaging, logistics, and installation costs.

Responsibilities

• Determine costings for standard and customized furniture.
• Develop pricing models considering margins, discounts, and taxes.
• Review pricing structures to reflect cost fluctuations.
• Support pricing decisions for new product launches.

Skills

Costing & Pricing

BOM management

Profitability analysis

ERP costing

Education

CMA

Tools

ERP systems

Job description

Role

The Manager - Costing & Pricing will be responsible for establishing and maintaining accurate product costs, pricing frameworks, MRP calculations, margin analysis, and commercial viability assessments. The role will work closely with procurement, manufacturing, design, sales, and finance teams to ensure profitable pricing decisions and continuous improvement in product profitability.

Key Responsibilities

Product Costing

• Prepare and maintain detailed product-wise cost sheets.
• Develop and periodically review Bills of Materials (BOMs).
• Calculate standard cost and actual cost for all product categories.
• Analyse material, labor, overhead, packaging, logistics, and installation costs.
• Ensure accurate product costing for both standard and customized furniture.

products.

Pricing & MRP Management

• Determine MRP and selling price recommendations for various product lines.
• Develop pricing models considering target margins, channel margins, discounts, taxes, and competitive benchmarking.
• Review pricing structures periodically to reflect raw material and operating cost fluctuations.
• Support management in price revision exercises and new product launches.

Margin & Profitability Analysis

• Conduct SKU-wise, category-wise, customer-wise, and project-wise profitability analysis.
• Track gross margin and contribution margin across business segments.
• Identify low-margin products and recommend corrective actions.
• Prepare profitability dashboards and pricing reports for management review.

Manufacturing Cost Control

• Monitor material consumption and manufacturing variances.
• Analyse labour utilization and factory overhead absorption.
• Conduct variance analysis for material, labour, and overhead costs.
• Work closely with production teams to drive cost optimization initiatives.

Tender & Project Costing

• Support bid submissions by preparing detailed commercial cost estimates.
• Evaluate profitability of government, institutional, healthcare, education, and infrastructure projects.
• Review tender commercial terms and assess pricing risks.
• Assist business teams in strategic pricing decisions for large opportunities.

Inventory & Cost Analytics

• Monitor inventory valuation and costing methodologies.
• Analyse inventory aging and excess stock impact on profitability.
• Support physical stock verification and reconciliation exercises.
• Ensure costing accuracy in ERP systems.

MIS & Decision Support

• Prepare monthly cost performance reports and management dashboards.
• Present insights on cost drivers, pricing trends, and profitability.
• Support annual budgeting and forecasting processes.
• Provide actionable recommendations to improve business margins.

Preferred

CMA with additional exposure to Finance, Commercial, or Manufacturing Operations.

Experience

Experience in manufacturing, furniture, modular furniture, interiors, building products, consumer durables, or project-based industries preferred.