Costing Manager

Role & responsibilities

- Estimating costing of paper packaging products manufactured by the company.

- Calculate all key cost components for product pricing including Direct Material Costs, Direct Labor Costs and Factory & Corporate Overheads.

- Identifying deviations between estimated and actual costs (including yield loss)

- Activity Based Costing (ABC) - Allocating overhead costs accurately to different products based on processes.

- Assisting management in setting competitive and profitable pricing strategies.

- Conducting break-even analysis to determine the minimum price for profitability.

- Preparing strategies to win client RFPs & auctions.

- Collaborating with design and R&D teams to estimate costs of new products.

- Performing cost feasibility studies to assess whether a new product can be produced profitably.

- Identifying cost-saving opportunities during the product development phase.

- Forecasting future costs based on trends, market conditions, and inflation.

- Comparing the companys cost structure with industry standards to identify inefficiencies.

- Implementing cost control measures to prevent budget overruns.

- Ensuring compliance with Cost Accounting Standards (CAS) while preparing product cost estimates.

- Understanding of Standard Costing and Marginal Costing

- Working closely with procurement team to understand prevailing paper / consumable prices.

- Calculating Machine Hour Rate for each machine in the company

- Strong judgement to adjust margin / standard costing parameters based on volume / workload factor.

- Understanding of Fixed Vs Variable Costs

- Managing a team of 2-3 members

- Ensuring costings are submitted to clients within 48 to 72 hours of requirement shared by sales team.

- Ability to re-engineer specifications / adjust KLDs etc. to help optimize costs.

- Calculating BOM based costing based on client specifications / samples.

- Analyse production costs / processes for cost savings.

- Strengthen and create Costing & MIS systems including tracking movement in RM / Consumable prices.

- Regular verification / updating of client costings based on movement in paper prices.

- Conducting Cost Audits as per the Companies Act and preparing Cost Audit Reports

- Analyzing profitability by different products, plants etc.

Tools: Excel, PowerPoint, ERP

Preferred candidate profile

Qualification:

- CMA degree holder from the Institute of Cost Accountants of India.

- Intermediate cleared from Chartered Accountant institute

- A candidate who has cleared CMA Intermediate can also be considered.

- Extremely strong Microsoft Excel Skills

- Past experience in paper packaging industry would be an advantage but candidates with experience in any manufacturing industry will be considered.

Important Points:

- Reporting Structure: Reporting to Executive Director (Promoter)

- Office hours 9.30 AM to 6.30 PM

- Workdays Monday to Saturday

- Working model Work from office

- Job Location Sector 59, Noida

- Personal Conveyance is a must.

- Candidate must be living in Noida / Greater Noida / Ghaziabad / East or South Delhi or must be willing to relocate to Noida before starting the job.

Interested candidates can share your cv on recruitment@mjglobal.co.in or whatsapp at +91-9971945577.