Costing & Budgeting Manager

Overview

• Manage and oversee product costing processes within the ERP environment.
• Develop, maintain, and validate standard costing structures for all products.
• Analyze raw material, labour, conversion, and overhead costs.
• Monitor and report manufacturing variances including material usage variances, labor variances, overhead absorption variances, and production efficiency variances.
• Review and validate Bills of Materials (BOMs), routings, and machine rates.
• Ensure accurate allocation of manufacturing overheads and factory expenses.
• Conduct periodic cost reviews and recommend cost optimization opportunities.
• Work closely with IT, production, and supply chain teams to ensure costing accuracy within the ERP system.
• Support ERP process improvements related to costing, inventory, production accounting, and reporting.
• Ensure integrity of master data related to items, cost centres, BOMs, routings, and standard costing structures.
• Participate actively in ERP enhancement, automation, and digital transformation initiatives.
• Lead annual budgeting and forecasting exercises for manufacturing & trading operations.
• Prepare factory-wise and product-wise profitability analysis.
• Support monthly MIS reporting and management presentations.
• Monitor budget utilization and highlight key deviations with actionable recommendations.
• Support inventory valuation and stock reconciliation processes.
• Coordinate with operations and stores teams on inventory controls and cycle counts.
• Ensure compliance with accounting standards and internal control requirements.
• Assist in improving operational KPIs and productivity measurements.
• Work closely with production, procurement, supply chain, and commercial teams.
• Provide financial insights to support pricing, product mix, and operational decisions.
• Support management in identifying profitability improvement opportunities.