Costing Manager For a Manufacturing co at Hosur

Post: Costing Manager for a Manufacturing co at Hosur

Location: Hosur, Tamil nadu

Mandatory: Must speak TAMIL

CTC: Maximum gross up to 18 LPA

Job Purpose:

To manage and oversee all aspects of plant costing and inventory valuation at the manufacturing facility in Hosur. The role is responsible for ensuring accurate product costing, variance analysis, cost control, and supporting strategic decisions through financial insights.

Key Responsibilities:

• Product Costing:

• Prepare and maintain standard costs for products manufactured at the plant.
  
• Analyze and update bill of materials (BOM) and routing in collaboration with the production and engineering teams.
  
• Review and approve new product costing and costing changes.
  

• Variance Analysis:

• Analyze and report on material, labor, and overhead variances.
  
• Conduct root cause analysis for key variances and drive corrective actions.
  

• Inventory Valuation & Control:

• Monitor inventory transactions and ensure proper valuation and classification.
  
• Conduct regular physical verification of inventory and reconcile differences.
  
• Review slow-moving and obsolete inventory and recommend provisions/write-offs.
  

• Budgeting & Forecasting:

• Support preparation of plant budgets and forecasts.
  
• Monitor actual costs vs. budgets and provide actionable insights.
  

• Cost Control & Efficiency:

• Partner with operations and supply chain to identify cost-saving opportunities.
  
• Evaluate cost impact of changes in production processes, materials, and suppliers.
  

• Compliance & Audit:

• Ensure compliance with cost accounting standards, company policies, and statutory requirements.
  
• Support internal and external audits with required costing data and documentation.
  

• Reporting:

• Prepare periodic cost reports for management review.
  
• Support business decision-making with ad hoc costing analysis and reports.
  

Key Skills & Competencies:

• Strong understanding of manufacturing costing systems and practices.
  
• Proficient in SAP or other ERP systems.
  
• Analytical mindset with attention to detail.
  
• Strong communication and interpersonal skills.
  
• Ability to work cross-functionally with operations, procurement, and finance teams.
  

Qualifications:

• Education:

  CMA (Cost & Management Accountant).

• Experience:

  Minimum 10 years in costing, with at least 3 years in a manufacturing plant environment.

• Pl share your updated resume to jobs@banyantalenthr.com