Prepare and maintain accurate product-wise cost sheets, standard costing models, and product costing databases.
Develop and update standard costs for raw materials, direct labor, manufacturing overhead, packaging, logistics, and other production-related expenses.
Prepare accurate cost estimates and pricing for local products and international buyers requirements.
Develop product-wise and buyer-wise costing models considering raw materials, labor, factory overheads, freight, duties, taxes, and financial costs.
Monitor production costs, material consumption, yield, wastage, scrap generation, and operational efficiency.
Conduct standard costing, variance analysis, and investigate cost deviations with recommendations for corrective actions.
Perform monthly cost reconciliation, inventory valuation, and stock reconciliation to ensure financial accuracy.
Analyze product profitability, contribution margins, and project profitability to support management decision-making.
Coordinate with Production, Planning, Procurement, Warehouse, Sales, Commercial, and Finance departments to collect, validate, and analyze costing information.
Monitor raw material price fluctuations and evaluate their impact on product costs and profitability.
Prepare monthly, quarterly, and annual MIS reports related to product costing, inventory, production costs, budgets, and profitability.
Support new product development by preparing cost analyses and feasibility reports for management approval.
Assist management in identifying cost-saving opportunities and implementing continuous improvement initiatives.
Coordinate with internal and external auditors regarding costing, inventory valuation, fixed assets, and financial compliance.
Ensure compliance with company policies, accounting standards, costing procedures, and internal control systems.
Perform any other duties assigned by management related to costing, budgeting, and financial analysis.