Product Costing Specialist

About the role

BASF is hiring a Product Costing Specialist in its Global Business Services unit in Hyderabad, India, within Finance, Controlling & Audit. The specialist carries out inventory analysis and delivers insights that help business units mitigate product-cost impacts, working with a high degree of autonomy.

Key responsibilities

• Perform monthly inventory valuation at standard and actual cost according to the month-end closing schedule.
• Analyze monthly variances between actual cost, standard cost and production orders.
• Support the annual operating plan, including fixed production costs and variable rates.
• Calculate and record provisions for slow-moving inventory, net realizable value and/or replacement price using the GAIN methodology.
• Take part in merger, acquisition and divestiture projects, ensuring correct accounting and integration of inventories.
• Communicate progress, issues and resolutions to stakeholders and support the subject-area lead and area expert in global communities.
• Implement continuous process improvements through new technologies and systems.

Required profile

• Professional qualification in Finance (e.g. B.Com, CA, CMA).
• 5-7 years of experience in accounting, finance, product costing, inventory accounting or a related field.
• Strong understanding of inventory valuation, standard and actual costing, production-order variances, inventory provisions, annual operating plans and month-end activities.
• Fluent English; ability to make timely decisions with a high degree of autonomy.
• Preferred: experience with the GAIN methodology, continuous improvement, automation or new technologies, and in a shared services, multinational or GCC environment.

Required skills

• Solid working knowledge of Microsoft Office and advanced Excel.
• Working knowledge of SAP.
• Strong knowledge of product costing, inventory accounting, financial controls and month-end closing.

What we offer

• Participation in BASF's new Global Hub in India.
• A globally integrated team spanning Finance and HR functions.
• Competitive compensation, benefits and structured career pathways.
• Learning and development programmes and a hybrid work model.