Qureos

FIND_THE_RIGHTJOB.

Assistant Manager - Costing

JOB_REQUIREMENTS

Hires in

Not specified

Employment Type

Not specified

Company Location

Not specified

Salary

Not specified

To ensure accurate product costing, support pricing decisions, monitor cost control measures, and contribute to financial planning through effective cost analysis and reporting.

Key Responsibilities1. Product Costing & Standard Cost Maintenance

  • Calculate and maintain standard costs for products.
  • Analyze variances between actual and standard costs.
  • Update bill of materials (BOMs) and routing data in ERP.
  • Conduct cost simulations for new products and provide cost estimates.

2. Cost Analysis & Reporting

  • Prepare monthly cost reports including cost of goods manufactured (COGM) and cost of goods sold (COGS).
  • Analyze material, labor, and overhead cost trends.
  • Support decision-making with profitability and margin analysis by product, customer, or segment.
  • Present cost data insights to management for cost control initiatives.

3. Inventory Valuation & Control

  • Perform monthly inventory valuation and reconciliations.
  • Coordinate with stores and production teams for inventory audits.
  • Monitor slow-moving and obsolete inventory.

4. Budgeting & Forecasting

  • Assist in annual budgeting and periodic forecasting related to cost components.
  • Participate in variance analysis (budget vs actual) and root cause analysis.

5. Compliance & Audit Support

  • Ensure compliance with accounting standards (e.g., IFRS/GAAP), internal policies, and cost accounting standards.
  • Support internal and statutory audits with required costing data and reconciliations.

6. ERP & Systems

  • Work with SAP for cost-related data entry and reporting.
  • Support implementation and enhancement of cost modules.

Key Skills & Competencies

  • Strong knowledge of cost accounting principles and practices.
  • Analytical mindset with attention to detail.
  • Proficiency in Excel, ERP systems (SAP preferred), and reporting tools.
  • Excellent communication and interpersonal skills.
  • Ability to work cross-functionally with production, procurement, and finance teams.

Qualifications

  • ACCA / CMA / MBA (Finance) preferred.
  • 4–6 years of experience in a costing or financial analysis role, preferably in a manufacturing environment.

Job Type: Full-time

Pay: Rs160,000.00 - Rs180,000.00 per month

Work Location: In person

© 2025 Qureos. All rights reserved.