
Senior Consultant - Capability - Product Costing
- Bangalore, Karnataka
- Permanent
- Full-time
- Domain expert in Product costing and should have been responsible for ensuring accurate cost calculation, margin analysis, variance tracking, and collaboration with cross-functional teams to support strategic pricing, budgeting, and supply chain decisions.
- Well versed in maintaining and updating the product cost models, including material, labor, overhead, and freight components.
- Experience in performing standard costing, actual costing, and variance analysis for product lines.
- Should have partnered with supply chain, manufacturing, and procurement teams to validate cost inputs and identify cost-saving opportunities.
- Expert in analyzing cost of goods sold (COGS) and gross margin trends across regions and products.
- Supported annual standard cost roll processes, BOM reviews, and cost revaluation exercises.
- Responsible for reconciliation inventory valuations and perform inventory cost adjustments in compliance with accounting standards.
- Assisted in month-end and year-end close activities related to inventory and product cost.
- Prepared product cost reports, dashboards, and cost simulations for new product introductions or pricing decisions.
- Ensured compliance with IFRS/US GAAP, SOX controls, and internal policies related to product costing.
- Continuously identify and implement improvements in cost accounting processes and tools.
- Bachelor’s degree in accounting, Finance, or related field (CPA/CMA preferred).
- 6–10 years of relevant experience in product costing or cost accounting, preferably in a manufacturing or FMCG environment.
- Strong understanding of costing methodologies (e.g., standard, actual, activity-based costing).
- Hands-on experience with ERP systems (SAP, Oracle, NetSuite, etc.), especially costing and inventory modules.
- Proficient in Excel, and working knowledge of BI tools (e.g., Power BI, Tableau) is a plus.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent communication and stakeholder management skills.
- Exposure to multi-plant or multi-entity costing environments.
- Experience with new product development costing or cost modelling for commercial proposals.
- Familiarity with digital costing tools or RPA implementations in costing processes.