Senior Manager/Assistant General Manager/Deputy General Manager - Costing

About Company

The company designs advanced material layers used in everything from vehicles to modern architecture, offering protection, comfort, and energy efficiency.

Key Responsibilities:

1. Costing and Cost Analysis

- Maintain and update costs in SAP systems.

- Analyze and document costs related to materials, labor, and overhead expenses.

- Develop and maintain accurate cost databases. - Identify cost-saving opportunities and recommend process improvements.

- Monitor cost variances and collaborate with business units to mitigate discrepancies. - Prepare and support cost audits.

2. Pricing Strategy

- Perform pricing simulations to forecast revenue and margin impacts.

- Monitor market trends, competitor pricing, and customer demands.

3. Data Management & Reporting

- Generate detailed cost and pricing reports for internal stakeholders.

- Provide updates on cost structures, pricing adjustments, and their financial implications.

- Ensure compliance with company policies and regulatory standards in cost and pricing decisions.

4. Collaboration

- Work closely with finance, sales, procurement, and production teams to align pricing strategies with business objectives.

- Support sales teams in customer negotiations by providing cost and pricing insights.

- Participate in weekly performance meetings and quarterly reviews with the sales team.

5. Process Optimization

- Develop and maintain pricing tools, models, and systems to enhance workflows.

- Establish and promote best practices in cost and pricing management.

- Prepare and present monthly management reports to communicate division, plant, sales, and product performance effectively.

6. Financial Reporting & Compliance

- Calculate and analyze product costs, including direct materials, labor, and overheads.

- Prepare financial reports such as COGS (Cost of Goods Sold) statements.

- Ensure timely completion of cost audit reports and statutory and tax audits.

7. Inventory Management

- Monitor inventory levels and ensure accurate valuations through regular cycle counts.

- Address potential inventory discrepancies proactively.

8. Budgeting and Forecasting

- Support the annual budgeting process by providing accurate cost data and forecasts.

- Update budget projections based on production volumes and market dynamics.

Education: CMA/CWA or CA is mandatory.

Experience: 15 years of experience in costing roles within industries like automotive, pharmaceuticals, or other high-volume manufacturing environments.