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.
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.
- 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.
- Work closely with R&D and engineering teams for should-costing and target costing.
- Provide cost inputs during product design to ensure cost competitiveness.
- Evaluate vendor quotations and support price negotiations with procurement teams.
- Conduct make vs. buy analysis and vendor cost comparisons.
- Ensure accurate costing in ERP systems (SAP/Oracle/others).
- Monitor inventory valuation, slow-moving and obsolete stock provisions.
- Prepare monthly costing reports, margin analysis, and dashboards for management.
- Present insights on cost reduction opportunities and profitability improvement.
- Drive value engineering and cost reduction projects across plants.
- Identify opportunities in process improvement, waste reduction, and productivity enhancement.
RequirementsEducation:
- CA / CMA (preferred) or MBA Finance / B.Com with relevant experience
- 6–10 years in costing within manufacturing (preferably appliances, consumer durables, or engineering)
- Strong exposure to plant costing / factory finance
- 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
- Experience in appliance manufacturing (ACs, refrigerators, washing machines, small appliances, etc.)
- Exposure to multi-plant operations or high SKU environments
Skills Required
- CA or CMA qualification
- MBA Finance or B.Com with relevant experience
- 6–10 years of costing experience in manufacturing
- Experience with plant costing or factory finance
- Strong understanding of standard costing, BOM, and variance analysis
- Hands-on experience with ERP systems, preferably SAP
- Advanced Microsoft Excel and data analysis skills
- Experience in appliance manufacturing, consumer durables, or engineering
- Experience with multi-plant operations or high-SKU environments
- Strong business partnering and stakeholder management skills
- Analytical mindset and attention to detail
What We Do
XpertReach is an executive search and recruitment platform that helps startups, MSMEs, investment funds, family offices, and large corporations secure senior and leadership talent. Its services include executive search, interim and advisory placements, contract hiring, freelance consultants, and project-based staffing. The company uses a technology platform and global search capabilities to support critical talent requirements across sectors including financial services, manufacturing, education, retail, and professional services.
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