AGM Costing

Functional Responsibilities:

• Accurately determine the manufacturing cost of products and ensure timely cost updates

• Analyze and prepare Costing Profit & Loss accounts to support internal decision-making

• Validate strategic investments including ROI, CAPEX, KAIZEN projects

• Monitor, review, and optimize pricing for existing and new products

• Track, analyze, and control costs department-wise, including consumables, manpower, and overhead expenses

• Perform variance and trend analysis comparing actual costs vs budgets

• Ensure costing P&L reconciles correctly with finance records

• Update and revise key costing factors regularly and reflect changes in the ERP system

• Prepare monthly MIS reports, balanced scorecards, and support activity-based costing (ABC) initiatives

• Evaluate capacity utilization and efficiency of high-value machinery

Managerial Responsibilities:

• Review cost elements for prototype samples, new product models, and operational development (OPD) requests

• Prepare and present cost sheets for price revision discussions with management

• Update and maintain ERP rate charts for store/non-gold prices

Problem Solving & Process Improvement:

• Identify revenue leakages and establish continuous cost monitoring systems

• Conduct competitor cost analysis and implement internal cost reduction measures

• Request necessary computer hardware or peripherals to support costing functions

Decision Making:

• Finalize manufacturing costs for samples and new or modified products

• Evaluate and decide cost parameters for new projects and proposals

Documentation & Compliance:

• Maintain detailed monthly records of costing P&L accounts

• Update and manage the Costing Manual as part of the Integrated Quality Management System (IQMS)

• Keep accurate ERP records for rate charts, stone master data, and agreement master files

Communication & Coordination:

• Participate actively in HOD meetings, core committees, innovation councils, and pricing review sessions

• Coordinate with R&D, Production, Marketing, and other internal departments for costing data collection and

analysis

• Engage with external stakeholders like customers and competitors for make-or-buy decisions and pricing

benchmarking

Skills & Competencies:

• Strong expertise in product costing, budgeting, and variance analysis (costing focus only)

• Deep understanding of production processes and product life cycles

• Experience in data analytics, forecasting, and reporting tools

• Proficiency with MS Excel, PowerPoint, Word, and ERP systems (preferably Microsoft Dynamics AX)

• Excellent planning, coordination, and communication skills

Salary upto - 28 Lakhs P.A Max

.