Role Summary: The role will be responsible for driving product costing, cost optimization, and profitability analysis across the manufacturing lifecycle. The candidate will partner with cross-functional teams (procurement, production, R&D, finance) to ensure accurate cost structures, identify savings opportunities, and support strategic decision-making. Key Responsibilities: 1. Product Costing & Analysis • Prepare and validate BOM (Bill of Materials) and routing-based product costing. • Conduct standard costing, variance analysis, and cost roll-ups for new and existing products. • Analyze material, labor, and overhead costs to identify cost drivers. 2. Budgeting & Cost Control • Support annual budgeting and periodic forecasts from a costing perspective. • Monitor actual vs. standard cost variances and drive corrective actions. • Develop cost benchmarks and track plant-level efficiency metrics. 3. New Product Costing (NPD Support) • Work closely with R&D and engineering teams for should-costing and target costing. • Provide cost inputs during product design to ensure cost competitiveness. 4. Procurement & Vendor Costing • Evaluate vendor quotations and support price negotiations with procurement teams. • Conduct make vs. buy analysis and vendor cost comparisons. 5. Inventory & Manufacturing Accounting • Ensure accurate costing in ERP systems (SAP/Oracle/others). • Monitor inventory valuation, slow-moving and obsolete stock provisions. 6. MIS & Reporting • Prepare monthly costing reports, margin analysis, and dashboards for management. • Present insights on cost reduction opportunities and profitability improvement. 7. Cost Optimization Initiatives • Drive value engineering and cost reduction projects across plants. • Identify opportunities in process improvement, waste reduction, and productivity enhancement. Requirements Education: • CA / CMA (preferred) or MBA Finance / B.Com with relevant experience Experience: • 6–10 years in costing within manufacturing (preferably appliances, consumer durables, or engineering) • Strong exposure to plant costing / factory finance Skills & Competencies: • Strong understanding of standard costing, BOM, variance analysis • Hands-on experience with ERP systems (SAP preferred) • Advanced Excel and data analysis skills • Strong business partnering and stakeholder management • Analytical mindset with attention to detail Preferred Background: • Experience in appliance manufacturing (ACs, refrigerators, washing machines, small appliances, etc.) • Exposure to multi-plant operations or high SKU environments