Assistant Manager / Manager Costing

About the Company

NIPHA Group is a well-established Engineering Manufacturing conglomerate with over 60 years of experience and an annual turnover exceeding Rs 500 crore. Recognized by the Government of India as a premier Manufacturing Star Export House, the group has received national awards for export excellence since 1975. Their diverse portfolio includes cotton ginning projects and machinery, jute mill equipment, gear boxes for the power switching industry, railway track fasteners, bogies, agricultural machinery including tillage tools, SGI castings, non-ferrous castings, steel forgings, and special steel rolled products. The head office is located in Kolkata, with multiple factories across West Bengal and Haryana. All manufacturing units maintain ISO 9001:2008 certification.

Job Overview

We are looking for a meticulous and strategic Costing Manager to join our finance and operations teams based in Kolkata. This role reports to the Head of Finance, CFO, or Operations Manager, and is responsible for overseeing all cost management activities related to our engineering manufacturing operations. The position demands proficiency in cost planning, detailed analysis, control, and reporting to assist with pricing strategies, project evaluation, and enhancing profit margins.

Key Responsibilities

• Prepare precise cost estimates for various engineering projects and manufacturing processes.
• Develop and sustain standardized cost models for multiple products and operational processes.
• Collaborate with project teams to predict material, labour, and overhead costs accurately.
• Track and monitor project and operational expenditures, comparing actual expenses to budgets.
• Analyze cost variances and offer practical recommendations to project managers and finance leaders.
• Identify and propose cost-saving measures and process optimization strategies.
• Manage and evaluate inventory valuations and consumption patterns to ensure accurate product costing, including BOMs, routings, and labour rates, within ERP systems.
• Generate periodic cost and profitability reports segmented by project, product line, or department.
• Assist with financial audits by supplying necessary cost and inventory documentation.
• Maintain compliance with internal policies and applicable accounting standards.
• Work closely with engineering, procurement, production, and finance departments to deliver cost insights that inform pricing decisions and tender proposals.
• Engage in cross-departmental initiatives aimed at boosting overall cost efficiency.

Eligibility

Applications are welcomed from any graduate candidate who meets the qualifications.