Cost Accounting Manager

Job Description

Manager – Costing Industry: Advanced Manufacturing | 🔍 Function: Cost Accounting & Financial Planning -🏢 Location: Based at Corporate Office in Pune -🔄 Travel: Frequent travel to the factory at Wai through company vehicle or reimbursement facility. -🏨 Stay in Wai: Guest house / hotel arrangements available -💰 Compensation: UPTO 30 LPA (Fixed + Variable)-Fixed Component: 90% of CTC || Variable Component: 8% of CTC 💼 Full-Time About Us We are a global leader in advanced rubber processes, offering a very diverse product portfolio across rubber, thermoplastics, and polymers. The Solutions power innovation in Textiles, Medical, PPE, Sports, Hygiene, Industrial, Agriculture, and Eco-Friendly segments across global markets. The Company has world-class facilities in the USA and India, as well as in Europe and South America. As we move into a transformative phase of growth—including an IPO and strategic M&A—we are seeking a results-driven Manager – Costing to lead our cost control, pricing, and analytics efforts globally. The Role The Cost Manager will be responsible for overseeing, managing and optimizing the cost accounting processes and structure within a global manufacturing environment. This includes comprehensive oversight of product costing, cost monitoring and analysis, budgeting and controlling, plant cost control, and SAP CO system enhancements. A key aspect of this role will also be strategic partnership with the Global Sales team to drive data-informed product pricing, customer profitability, and margin improvement initiatives across all subsidiaries. In addition, the role serves as a key business partner to the operations and finance teams across all subsidiaries, driving cost efficiency, profitability, and continuous improvement—including SAP-related enhancements. Key Responsibilities 1. Product Costing & Pricing -Develop and maintain standard cost models for all products across multiple manufacturing sites. -Collaborate with cross-functional teams (production, procurement, and R&D) to ensure accurate and timely costing updates and new product costing. -Support product pricing strategies and participate in pricing reviews based on cost structures and market data. -Work closely with Global Sales to align pricing decisions with cost realities and margin targets. -Perform cost simulations for new products and changes in bill of materials or processes. -Assist in financial modelling for new projects and payback / IRR calculations and monitoring of payback on new capex projects. 2. Sales Partnership for Pricing & Margin Improvement -Collaborate with the Global Sales team on pricing proposals, 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 in coordination with Sales, Product Management, and Operations. 3. Cost Monitoring & Analysis -Monitor and analyze variances between standard and actual costs. -Identify cost drivers and provide actionable insights to improve cost efficiency. -Conduct profitability and margin analysis at SKU, customer, and business unit levels. -Evaluate inventory valuations and monitor manufacturing overhead absorption. Responsible for Inventory Verification and reporting. -Deliver insights on cost trends for Variable and Fixed costs and their impact on profitability. -Responsible for releasing cost estimates of new products in SAP system. -Responsible for month closing activities in system. 4. Plant Cost Analysis -Partner with plant management to monitor production and operational costs and analyze direct and indirect costs. -Support CAPEX planning and cost-benefit analyses. -Assist in setting cost KPIs for manufacturing units such as production efficiency, yield, and waste analyses and monitor performance. -Tracking and monitoring of Kaizen initiatives and cost saving projects. 5. Budgeting & Forecasting -Coordinate and compile annual budget across the organization for all group Companies. -Analyze deviations from the budget and the reasons attributable to it. Based on gap analysis, provide corrective action recommendations. -Business Scenario analysis, compiling of rolling forecasts on weekly, monthly, quarterly and six-monthly basis along with key observations on revenue and cost drivers. -Develop cost center budgets and provide monthly budget vs. actual reporting. -Assist in setting financial targets related to manufacturing and cost efficiency. 6. SAP Controlling (CO) and System Improvements -Act as SAP key user for cost controlling with a focus on product costing, cost center accounting, and internal orders. -Drive system enhancements and automation related to costing, reporting, and budgeting in SAP. -Ensure data integrity and consistency across subsidiaries in all master data for Customers, Vendors, Products etc. -Train users on SAP CO functionalities and reporting tools. 7. Reporting & Communication -Prepare monthly cost control and margin analysis reports for executive leadership. -Prepare monthly cost reports, dashboards, and financial presentations for management. -Create dashboards and performance reports using tools like Power BI. -Support internal and external audits related to cost accounting. -Collaborate with global finance teams to ensure consistent and standardized reporting. What We Are Looking For - CMA is Must along with bachelor’s degree. - Minimum 10 years of experience in cost controlling or management accounting in a manufacturing environment, preferably with international exposure. -Strong knowledge of SAP CO (Controlling) , MM, and PP modules. -Proficient in Excel, Power BI or similar analytics tools. -Excellent analytical skills and attention to detail. -Ability to communicate complex information effectively across all levels of the organization. -Fluent in English. Preferred Attributes -Strong business acumen and proactive problem-solving mindset. -Ability to manage multiple stakeholders and work in a matrix organization. -Experience with Lean manufacturing or Six Sigma is a plus.