Job SummaryThe Costing Manager is responsible for managing all cost accounting activities, with a strong focus on SAP-based costing, inventory valuation, and financial integration. The role ensures accurate product costing, supports operational efficiency, and provides strategic insights to improve profitability.Key Responsibilities1. Cost Accounting & Product CostingDevelop and maintain standard costing within SAP (Material Ledger / Product Costing).Ensure accurate cost roll-ups including BOMs, routing, labor, and overhead.Perform cost estimates and update standard costs periodically in SAP.Monitor cost component structures and cost allocation methods.2. SAP Costing & System ManagementManage and optimize SAP CO (Controlling) and SAP MM (Materials Management) modules related to costing.Execute and validate standard cost runs, variance calculations, and settlement processes in SAP.Ensure proper integration between SAP FI, CO, MM, and PP modules.Support SAP enhancements, upgrades, and costing-related configurations.Work closely with IT and SAP consultants on system improvements.3. Inventory Valuation & ControlOversee inventory valuation using SAP, ensuring compliance with IFRS/local GAAP.Monitor raw materials, WIP, and finished goods valuation in SAP.Lead physical inventory processes and reconcile with SAP records.Analyze and resolve inventory discrepancies and system issues.4. Cost Analysis & Variance ReportingPerform detailed SAP-based variance analysis (price, usage, mix, yield).Analyze production variances and provide actionable insights.Prepare monthly costing reports directly from SAP and BI tools.Support operational teams with cost transparency and performance tracking.5. Budgeting & Forecasting SupportProvide cost data and assumptions for budgeting and forecasting cycles.Collaborate with FP&A using SAP data for cost projections and analysis.Track actual vs. standard costs and update forecasts accordingly.6. Operational & Strategic SupportPartner with production, procurement, and supply chain teams to optimize costs.Support pricing decisions using accurate SAP cost data.Evaluate cost implications of new products, CAPEX, and process changes.7. Compliance & AuditEnsure costing practices comply with IFRS and internal policies.Support internal and external audits, particularly related to SAP data integrity.Maintain proper documentation for SAP costing configurations and processes.Qualifications & RequirementsEducationBachelor’s degree in Accounting, Finance, or related fieldProfessional certification (CMA, CPA, ACCA) preferredExperience7–10+ years in cost accounting within a manufacturing environmentStrong hands-on experience with SAP ERP, particularly:SAP CO (Controlling)SAP MM (Materials Management)SAP PP (Production Planning)Experience in standard costing, material ledger, and product costing in SAP is essentialSkillsAdvanced SAP costing and reporting capabilitiesStrong analytical and financial modeling skillsAdvanced Excel and familiarity with BI tools (e.g., Power BI, SAP BW)Strong understanding of manufacturing cost driversKey CompetenciesStrong SAP system expertise and process orientationCost control and continuous improvement mindsetBusiness partnering with operations and supply chainAttention to detail and data accuracyLeadership and team developmentReporting LineReports to: Accounting ManagerDirect Reports: Cost Lead / Inventory Accountant.KPIs / Performance MetricsAccuracy of SAP standard costingInventory valuation accuracy in SAPVariance analysis and cost control effectivenessSAP process efficiency and system utilizationAudit compliance and data integrity