Dy. Manager/ Manager - Manufacturing Costing
About us:
HORIBA India, a subsidiary of The HORIBA Group based in Kyoto, Japan, began operations in 2006 and has rapidly grown into a significant contributor to India's industrial landscape. Headquartered in New Delhi, the company operates across three business verticals: Energy & Environment, Bio & Healthcare, and Materials & Semiconductor. With a workforce of ~500+ employees, HORIBA's India business has established itself across PAN-India and SAARC nations.
Job Description - Dy. Manager/ Manager - Manufacturing Costing
Mandates for the requirement:
- Experience: Should be CA/CMA Final qualified (Either will work) with 6+ Years
- Role Type : Individual Contributor (IC)
- Experience in Engineering based manufacturing organizations such as Equipment Manufacturing/Instrumentation/Analytical Equipment/ Automative etc
- SAP working experience is must
- Smart person with good communication skills
Key Responsibilities
1. Cost Analysis & Reporting
- Prepare and analyse manufacturing cost reports, including material, labour, and overhead costs.
- Monitor cost variances (Actual vs Standard/Budget) and provide insights on key drivers.
- Track plant performance KPIs such as cost per unit, yield, scrap, and efficiency metrics.
2. Product Costing
- Maintain accurate standard costing models for finished goods and semi-finished products.
- Conduct periodic cost roll-ups and update BOM (Bill of Materials) and routing costs.
- Support pricing decisions by providing detailed product cost breakdowns.
3. Budgeting & Forecasting
- Support the annual budgeting process for manufacturing costs.
- Prepare rolling forecasts and analyse deviations against budget.
- Partner with operations teams to identify cost-saving opportunities and efficiency improvements.
4. Variance Analysis
- Perform detailed variance analysis (material usage, price variance, labour efficiency, overhead absorption).
- Investigate root causes and recommend corrective actions.
- Collaborate with plant and production teams to implement improvements.
5. Inventory & Cost Control
- Monitor inventory valuation, ensuring compliance with accounting standards.
- Analyse inventory movements, slow-moving/obsolete stock, and provisions.
- Support stock audits, physical verification, and reconciliation processes.
6. Business Partnering
- Work closely with manufacturing, supply chain, procurement, and operations teams.
- Provide financial insights to improve production planning and operational efficiency.
- Support new product introduction (NPI) and process improvement initiatives.
7. Systems & Process Improvement
- Ensure accurate cost-related data in ERP systems (e.g., SAP)
- Drive automation and standardization of cost reporting processes.
- Strengthen internal controls related to manufacturing cost accounting.
Technical Skills
- Strong knowledge of:
- Standard costing and variance analysis
- Inventory accounting and valuation
- ERP systems (SAP CO, SAP Material Ledger preferred)
- Advanced Excel and data analysis skills
- Familiarity with BI tools (Power BI, Tableau) is a plus
Competencies & Skills
- Strong analytical and problem-solving skills
- Attention to detail and accuracy
- Ability to work cross-functionally with operations teams
- Good communication and presentation skills
Proactive mindset with continuous improvement focus
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