Senior Executive or Assistant Manager - Costing and Inventory Management

Emerson Electric Company India Pvt Ltd; Chennai; On-site; INR 1,400,000 - 2,400,000; Full time

Job summary

Emerson Electric Company India Pvt Ltd is seeking a Senior Executive / Assistant Manager - Costing to manage costing, inventory, fixed assets, and Capex governance in a manufacturing setup. The role emphasizes ROI analyses, standard cost maintenance, and strong IT/Excel capabilities.

The candidate should have ICWA/CMA Inter with 5+ years in costing, inventory control, and manufacturing cost optimization, with a focus on automotive or similar sectors.

Qualifications

• ICWA/CMA Inter with 5+ years in Material Master Cost Update and costing in manufacturing.
• Experience in product costing, ideally automotive/manufacturing/engineering.
• Strong IT systems knowledge and advanced Excel skills.

Responsibilities

• Manage inventory operations including daily reporting, transaction monitoring, variance investigation and reconciliation between sub-ledger and GL, and coordinate E&O scrap activities.
• Prepare inventory forecasts for POR and monthly inventory reports to support APHQ requirements and business decision-making.
• Maintain and manage the fixed asset register; record, tag, and account for assets; prepare monthly asset schedules, depreciation, additions and disposals; close assets in month-end GL.
• Review Capex proposals, validate documentation, prepare ROI analyses, obtain approvals before investment.
• Monitor Capex spending and CIP balances; review asset capitalization; support annual budget with project managers.
• Review and evaluate cost reduction submissions; prepare monthly cost reduction reports and annual targets.
• Oversee standard cost maintenance, costing journal entries, inventory revaluation, and resource allocations in manufacturing.
• Lead annual stock take and fixed asset sighting; perform bank reconciliations; support ITSS with financial and system needs.
• Support internal and external audits and ad hoc analysis for decision-making.

Skills

Costing

Inventory management

Asset accounting

Capex analysis

Cost reduction

Education

ICWA / CMA Inter

Tools

Excel

Costing tools

Job description

Senior Executive / Assistant Manager - Costing

In This Role, Your Responsibilities Will Be:

Managing inventory operations, including daily inventory reporting, transaction monitoring, variance investigation and reconciliation between sub-ledger and GL, as well as coordinating E&O scrap activities. Prepares inventory forecasts for POR and monthly inventory reports to support APHQ requirements and business decision-making. Responsible for maintaining and managing the complete fixed asset register, ensuring all acquired assets are accurately recorded, tagged, and accounted for in line with approved asset requests. Prepares monthly asset schedules, depreciation, additions and disposals, processes asset disposition requests, and performs month-end GL close and reconciliation for fixed assets. Ensuring proper governance and control over capital expenditure by reviewing Capex proposals, validating documentation, preparing ROI analyses for major projects, and obtaining necessary approvals before investment decisions. Monitors Capex spending and CIP balances, reviews asset capitalization, maintains monthly Capex reports and forecasts, and supports the annual budgeting process in collaboration with project managers. Responsible for reviewing and evaluating cost reduction project submissions from departments, while working closely with and supporting the Cost Reduction Champion to drive savings initiatives. Prepares and submits monthly cost reduction reports and develops annual cost reduction targets to support organizational objectives. Managing item cost setting and product costing activities, including standard cost maintenance, inventory revaluation, costing journal entries, and ensuring accurate material and labour allocations in manufacturing processes. Performs detailed variance and cost analysis for materials, labor, burden, and related expenses while ensuring work orders are properly processed and closed monthly. Prepares CAR reports, supports inventory valuation activities, and leads the annual standard cost review and update process to ensure accurate product costing and financial reporting. Responsible for leading annual stock take and fixed asset sighting exercises, performing bank reconciliations, handling costing computations, and supporting operational teams with financial and system-related requirements in coordination with ITSS. Manages internal and external audit requirements and conducts ad hoc financial analysis to support business decision-making and continuous improvement initiatives.

Who You Are:

You keep in touch with customers, build the customer relationships, understand the importance and interdependence of internal customer relationships, balance planning with actions, research initiatives and try innovative ways, You stay aligned with your goals and stay productive, focus on priorities and set stretch goals, apply systems and technology to stay on track, convert ideas into actions and produce results with new initiatives.

For This Role, You Will Need:

ICWA / CMA Inter with minimum 5 years of experience in Material Master Cost Update and related Costing in a Manufacturing entity. Preferred Qualifications That Set You Apart: I Experience in product costing, ideally in an automotive, manufacturing or engineering environment Good IT systems knowledge and skills including advanced Excel skills. Ideally experienced in the use of spreadsheets, estimating pricing models and cost management tools Able to show evidence of adding value and cost optimization. Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyse associated costs

Preferred Qualifications That Set You Apart:

• I Experience in product costing, ideally in an automotive, manufacturing or engineering environment
• Good IT systems knowledge and skills including advanced Excel skills
• Ideally experienced in the use of spreadsheets, estimating pricing models and cost management tools
• Able to show evidence of adding value and cost optimization
• Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyse associated costs

Our Culture & Commitment to You:

At Emerson, we prioritize a workplace where every employee is valued, respected, and empowered to grow. We foster an environment that encourages innovation, collaboration, and diverse perspectives because we know that great ideas come from great teams. Our commitment to ongoing career development and growing an inclusive culture ensures you have the support to thrive. Whether through mentorship, training, or leadership opportunities, we invest in your success so you can make a lasting impact. We believe diverse teams, working together are key to driving growth and delivering business results. We recognize the importance of employee wellbeing. We prioritize providing competitive benefits plans, a variety of medical insurance plans, Employee Assistance Program, employee resource groups, recognition, and much more. Our culture offers flexible time off plans, including paid parental leave (maternal and paternal), vacation and holiday leave.

WHY EMERSON

Our Commitment to Our People At Emerson, we are motivated by a spirit of collaboration that helps our diverse, multicultural teams across the world drive innovation that makes the world healthier, safer, smarter, and more sustainable. And we want you to join us in our bold aspiration. We have built an engaged community of inquisitive, dedicated people who thrive knowing they are welcomed, trusted, celebrated, and empowered to solve the world’s most complex problems — for our customers, our communities, and the planet. You’ll contribute to this vital work while further developing your skills through our award-winning employee development programs. We are a proud corporate citizen in every city where we operate and are committed to our people, our communities, and the world at large. We take this responsibility seriously and strive to make a positive impact through every endeavor. At Emerson, you’ll see firsthand that our people are at the center of everything we do. So, let’s go. Let’s think differently. Learn, collaborate, and grow. Seek opportunity. Push boundaries. Be empowered to make things better. Speed up to break through. Let’s go, together.

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ABOUT EMERSON

Emerson is a global leader in automation technology and software. Through our deep domain expertise and legacy of flawless execution, Emerson helps customers in critical industries like life sciences, energy, power and renewables, chemical and advanced factory automation operate more sustainably while improving productivity, energy security and reliability. With global operations and a comprehensive portfolio of software and technology, we are helping companies implement digital transformation to measurably improve their operations, conserve valuable resources and enhance their safety. We offer equitable opportunities, celebrate diversity, and embrace challenges with confidence that, together, we can make an impact across a broad spectrum of countries and industries. Whether you’re an established professional looking for a career change, an undergraduate student exploring possibilities, or a recent graduate with an advanced degree, you’ll find your chance to make a difference with Emerson. Join our team – let’s go!

Experience Level Executive Level