Assistant Manager - Costing (Product)
- Linux Laboratories
- 5 - 10 years
- Chennai
- 29 days ago
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Job Description
Role & responsibilities
- Need to manage cost estimations and ensure accurate cost reporting across products and processes.
- Should support pricing strategies, track cost efficiencies, and contribute to profitability analysis.
- Prepare, analyze and calculate product costs including materials, labor, and overhead for new products, existing products for new business & tender business.
- Providing quotes to the business team for the customers
- Evaluating the counter offers and finalizing the transfer price
- Monitor and review Bill of Materials (BOM) and ensure cost accuracy in ERP systems.
- Support pricing decisions by providing detailed cost breakdowns and margin analysis.
- Review variances between actual and standard costs and provide actionable insights.
- Collaborate with production, procurement, and finance teams to streamline cost structures.
- Maintain costing records and ensure compliance with internal and external audit requirements.
- Assist in budgeting and forecasting processes with cost-related data inputs.
- Recommend cost control measures and process improvements to enhance profitability.
- Responsible for Timely preparing & Analyzing Product Costing, Analysis of Input Raw & Other materials along with Plant Overheads for new products, existing products for new business & tender business.
- Discuss the product cost variance analysis with Plant Head, SCM, BD Teams & Other Cross Functional Teams (CFT)
- Business partner with PPIC, Production Team, Warehouse and other departments on Inventory and Cost Optimizations.
- Continuous Cost Improvement Programs working with various Cross Functional Teams
- Ensuring timely & accurate updation of SAP/ERP information / entries
Preferred candidate profile
Bachelor's /Masters degree in Accounting, Finance, Commerce
- 6-12 years of experience in cost accounting or costing analysis.
- Knowledge of Business Finance Analytics and product Costing
- Proactively manage & drive the functional activities
- Knowledge of Pharma Processes, Manufacturing costing, Product Pricing and Analysis
- Proficient in MS Excel, ERP/SAP systems.
- Knowledge of standard costing, activity-based costing, and product lifecycle costing.
- Good written and communication Skills
Job Classification
Industry: Pharmaceutical & Life SciencesFunctional Area / Department: Product ManagementRole Category: Product Management - TechnologyRole: Product AnalystEmployement Type: Full timeContact Details:
Company: Linux LaboratoriesLocation(s): Chennai
Keyskills: Costing Product Pricing Inventory Valuation Standard Costing Variance Analysis Process Costing
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Linux Laboratories
Incorporated In 2007, Linux Laboratories is an emerging global pharmaceutical company with corporate office in Chennai, India. Linux Laboratories is the tenth largest NEURO - PSYCHIATRIC pharmaceutical company. We provide high-quality, affordable medicines trusted by healthcare professionals and pa...
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