Costing Manager
Georg Fischer · Mumbai
Key Responsibilities:
Cost Accounting & Product Costing
- Manage and maintain the standard costing system across all manufacturing facilities
- Lead periodic reviews of standard costs, cost structures and costing methodologies
- Ensure accurate costing of products, projects and manufactured goods
- Review and validate Bills of Materials (BOMs), routings and manufacturing master data
- Evaluate cost implications of new products, design changes and engineering modifications
- Develop and maintain cost models for new and existing products
- Analyse manufacturing cost drivers and identify opportunities for cost reduction
Manufacturing Finance & Variance Analysis
- Analyse actual manufacturing costs and conduct variance analysis against standards
- Monitor material, labour and overhead variances and recommend corrective actions
- Partner with Operations to improve manufacturing efficiency and profitability
- Prepare and present monthly manufacturing performance reports
- Monitor and report production yields, scrap rates and operational efficiencies
Inventory Management & Controls
- Ensure accurate inventory valuation in accordance with company policies and accounting standards
- Lead annual stock counts and periodic cycle count programs
- Oversee inventory reconciliations and investigate inventory variances
- Review slow-moving, obsolete and excess inventory provisions
- Strengthen inventory controls and improve inventory accuracy
Pricing & Profitability Analysis
- Manage pricing master data and ensure pricing accuracy within ERP and Salesforce
- Support Commercial teams in project pricing, tender evaluations and customer quotations
- Perform customer, product and business segment profitability analysis
- Provide recommendations to improve margins and overall business profitability
- Support commercial decision-making through financial modelling and scenario analysis
Financial Planning & Reporting
- Support annual budgeting, forecasting and strategic planning activities
- Prepare cost center analysis and manufacturing financial reports
- Assist with month-end, quarter-end and year-end closing activities
- Provide management with reports analysing factors affecting costs, pricing and profitability
- Support management reporting requirements for Finance, Operations and Executive Leadership
Process Improvement & ERP Systems
- Lead continuous improvement initiatives within costing and inventory processes
- Drive ERP enhancements related to costing, inventory and reporting
- Improve data quality and integrity across costing structures and manufacturing records
- Identify automation opportunities that improve efficiency and reporting accuracy
- Promote best practices in manufacturing finance and cost management
Business Partnering
- Work closely with Operations, Supply Chain, Procurement and Commercial teams to support business objectives
- Provide financial insight and recommendations for investment decisions and manufacturing projects
- Evaluate cost-saving opportunities and business optimization initiatives
- Support strategic projects, capital expenditure proposals and operational improvement programs
Qualifications:
- Bachelor’s degree in Accounting; a professional accounting qualification is an advantage.
- Minimum 6–8 years of cost accounting experience within a manufacturing environment.
- Strong knowledge of cost systems, accounting principles, cost standards, and financial reporting.
- Advanced Excel and PowerPoint skills; experience with Oracle or another ERP system is an advantage.
- Strong analytical skills with the ability to work independently and collaborate with engineering and manufacturing teams.
- This role is part of GF's offshore model and will support accurate financial and management reporting for the GF G5 and KSA businesses.
- Demonstrated ability to collaborate effectively in a multicultural environment across functions, countries and time zones.
- Excellent communication, stakeholder-management and influencing skills, with the ability to build trusted relationships with GF G5 and KSA teams.
- Ability to work independently from India while ensuring proactive coordination, responsiveness and service delivery to regional stakeholders.
Contact person:
Miti Zala
Talent Acquisition & Employee Engagement Manager, GF G5 & KSA
miti.zala@georgfischer.comPlease submit your application via the ‘Apply’ button. The recruiter’s email is for enquiries only.