Sr. Manager - Costing & Cost Control

Job Description

Title: Sr. Manager - Costing & Cost Control

Company Name: Energy+ Electric & Electronics Pvt. Ltd.

Vacancy: 01

Age: Na

Job Location: Dhaka (Purana Paltan)

Salary: Negotiable

Experience: --

Published: 2026-08-27

Application Deadline: 2026-09-26

Education:

Requirements: --

Skills Required:

Additional Requirements:

Responsibilities & Context:

A. Product & Manufacturing Costing:

* Develop and maintain accurate product-wise costing for all manufactured products.

* Prepare product cost sheets based on BOM, raw materials, direct labour, factory overhead and other production costs.

* Calculate standard cost, actual cost and estimated cost of products.

* Review and update product costing whenever there are changes in:

* Raw material prices

* BOM

* Labour cost

* Production process

* Machine utilization

* Factory overhead

* Utility cost

* Packaging cost

* Production volume

* Analyze cost per unit and identify opportunities for cost reduction.

* Ensure proper allocation of manufacturing overhead to products.

B. Standard Costing & Variance Analysis:

* Develop and maintain standard costing systems.

* Compare Standard Cost vs. Actual Cost on a regular basis.

* Analyze variances relating to:

* Material price

* Material usage

* Labour

* Overhead

* Production efficiency

* Yield and wastage

* Machine utilization

* Identify reasons for significant cost variances and recommend corrective actions.

* Prepare monthly cost variance reports for management.

C. Cost Control & Cost Management:

* Monitor manufacturing costs against approved budgets.

* Identify unnecessary costs, process inefficiencies and areas of cost leakage.

* Develop cost-control mechanisms for manufacturing operations.

* Conduct cost-benefit analysis for major operational and production decisions.

* Support management in developing cost-reduction and productivity-improvement initiatives.

* Monitor conversion cost, processing cost and factory overhead.

D. Factory Costing:

* Analyze production costs at factory/production-line level.

* Calculate production cost per unit, machine-hour cost and labour-hour cost where applicable.

* Analyze production efficiency, capacity utilization and manufacturing losses.

* Review wastage, rejection, scrap and rework costs.

* Analyze utility costs such as electricity, gas, water and other factory expenses.

* Work with production teams to identify cost-saving opportunities.

E. BOM & Material Cost Management:

* Review and validate BOM-based product costing.

* Analyze raw material consumption against standard consumption.

* Monitor material price fluctuations and their impact on product cost.

* Analyze material wastage and abnormal consumption.

* Coordinate with Procurement and Supply Chain teams regarding material cost trends.

* Support sourcing decisions through cost analysis.

F. Inventory & Stock Costing:

* Ensure proper valuation of raw materials, WIP and finished goods.

* Analyze inventory-related costs.

* Review slow-moving, obsolete and excess inventory from a costing perspective.

* Reconcile production consumption with inventory records.

* Participate in physical inventory verification and investigate discrepancies.

* Ensure proper treatment of production losses, scrap and wastage.

G. Management Reporting:

Prepare periodic management reports including:

* Product-wise cost analysis

* Factory-wise cost analysis

* Production cost report

* Standard vs. actual cost report

* Cost variance report

* Material consumption report

* Wastage and scrap analysis

* Manufacturing overhead report

* Cost reduction report

* Inventory valuation report

* Profitability analysis

* Product contribution/margin analysis

H. Budgeting & Forecasting:

* Assist in preparation of annual manufacturing cost budgets.

* Prepare factory overhead budgets.

* Develop cost forecasts based on production volume and market conditions.

* Analyze budget vs. actual manufacturing expenses.

* Provide cost inputs for business planning and financial forecasting.

I. Pricing & Profitability Support:

* Provide reliable costing information for product pricing decisions.

* Calculate product-level gross margin/contribution margin.

* Conduct profitability analysis for existing and new products.

* Support management in evaluating new product development and manufacturing feasibility.

* Conduct cost analysis for make-or-buy decisions where required.

J. Process Improvement & Internal Control:

* Identify weaknesses in existing costing and accounting processes.

* Develop appropriate costing procedures and control mechanisms.

* Improve accuracy and reliability of cost data.

* Coordinate with ERP/MIS teams to improve costing modules and reports.

* Ensure proper documentation and audit trails for costing calculations.

As per company policy.