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: 2026-08-29

Application Deadline: 2026-09-28

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:

  1.      Raw material prices

  2.      BOM

  3.      Labour cost

  4.      Production process

  5.      Machine utilization

  6.      Factory overhead

  7.      Utility cost

  8.      Packaging cost

  9.      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:

  1.      Material price

  2.      Material usage

  3.      Labour

  4.      Overhead

  5.      Production efficiency

  6.      Yield and wastage

  7.      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:

  1.      Product-wise cost analysis

  2.      Factory-wise cost analysis

  3.      Production cost report

  4.      Standard vs. actual cost report

  5.      Cost variance report

  6.      Material consumption report

  7.      Wastage and scrap analysis

  8.      Manufacturing overhead report

  9.      Cost reduction report

  10.  Inventory valuation report

  11.  Profitability analysis

  12.  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.