Costing Manager Job Description

Costing Manager Job Description

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Costing manager provides direction and input on preferred construction means, methods, and materials for incorporation into the construction document.

Costing Manager Duties & Responsibilities

To write an effective costing manager job description, begin by listing detailed duties, responsibilities and expectations. We have included costing manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Promote deeper understanding of cost drivers across Development, Sourcing, Marketing and Finance through ongoing formal and informal communication
Represent Sourcing costing on specific projects and coordinating tasks
Develop and lead an audit process for the entire footwear sourcing base to determine whether the most important controls are operating as intended and to ensure CBD accuracy in accordance to predefined standards and negotiated components as outlined with the new costing approach
Train and support Merchandising teams and T1s in the understanding and application of cost drivers
Introduce SMVs as a critical costing input of the A&G Bag Costing Framework and establish SOPs (Standard Operating Procedures) where necessary
Interact with senior management, as needed, on price negotiations, approval of any cost changes
Provide required data, and data analysis to senior management in order to facilitate price negotiations on final costs for finished shoes and components
Drives and manages standardization projects within the LO
Seasonally collect and analyse LO costing data to support the Product Costing team with relevant information to help with prioritization, benchmarking, comparison and to provide the team with a big picture view of Costing levers and relevant information
Create and provide key functional reporting, Target FOB achievement, productivity achievement, Factory CBD accuracy, etc)

Costing Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Costing Manager

List any licenses or certifications required by the position: NAPM, APICS, MBA, CMA, CPA, SOX, CPM, ISM

Education for Costing Manager

Typically a job would require a certain level of education.

Employers hiring for the costing manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, Manufacturing, Engineering, Business/Administration, Education, Technical, Economics, MBA

Skills for Costing Manager

Desired skills for costing manager include:

Residential building plans and materials
Global and regional logistics operations and industry
International direct and indirect taxes global customs regimes
Product construction and manufacturing methods
Sourcing
Construction
Embellishment and print techniques
Excel
Fabric
Garment construction

Desired experience for costing manager includes:

LO Costing Managers and Teams
Costing analysts in LO and HK
HQ Costing team in Germany and the USA
Tier 1 Manufacturing Operations and Costing Teams
Ability to influence others and drive initiatives and change
Knowledge of footwear manufacturing industry

Costing Manager Examples

1

Costing Manager Job Description

Job Description Example
Our company is looking to fill the role of costing manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for costing manager
  • Execute standard costing processes of defined product ranges or brands such as completing and verifying cost break down sheets and any related information (multiple rounds), tooling amortization tracking and settlement, Minimum Order Quantity Tracking for Materials (40%)
  • Support the Costing Manager in collecting relevant data/information for selected products/ranges or categories for projects participating as project member in projects
  • Maintain and update the product development creation systems costing relevant systems according to product development calendars
  • Provide costing leadership within the LO to ensure Creation Centers receive accurate information according to the costing calendar timelines
  • Provide guidance and support to the OC Costing Specialist in improving the costing performance, efficiency and effectiveness of the T1 and ensure factory specific costing strategies are successfully implemented
  • Manage Apparel Costing projects on a day-to-day basis including the development of a project roadmap, project management tools and templates, reporting and communication of project progress and results
  • Take ownership of costing process across functions
  • Direct costing tool development, improving design to cost competency and accurate cost estimation
  • Provide support and Information to production creation teams so they have the information they need to manage against margin goals
  • Identify opportunities to streamline operations, reduce/eliminate rework and error in management of information, and improve systems to drive end-to-end costing function productivity from FE through Reebok HQ
Qualifications for costing manager
  • Minimum 4 years professional experience, preferably in an analytical position in a manufacturing environment
  • Knowledge of athletic footwear industry preferred but not required
  • Strong project management skills from initiation to closure (scoping, structuring, work planning, status reporting tools, mgmt
  • Advanced knowledge of business process management methodologies and principles
  • In depth understanding of Footwear and Apparel product creation processes and Product Lifecycle Management Systems (RMS, PDM, PLM)
  • Basic Spoken and Written Ability in of the following languages (Optional)
2

Costing Manager Job Description

Job Description Example
Our company is looking to fill the role of costing manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for costing manager
  • Prepare and share insights to costing leadership on cost driver developments and supplier competitiveness using systematic costing and benchmarking methods
  • Manage the right procurement levers to ensure a strong bargaining position oversee their execution jointly with Mat
  • Consolidate and analyze country, regional and global cost related information such as labor, trade, materials, into data that is significant to be used strategically or predictively
  • Director Vendor Operations
  • Merchandising teams
  • HQ Costing team
  • T1’s Costing teams
  • Train and support LO development teams and T1s in the understanding and application of cost drivers
  • Support, coordinate and /or lead (as required) the implementation and the maintenance of the new costing approach for Footwear (Costing 2.0) any new project phase resulting from Costing 2.0 review
  • Lead and coordinate standardization projects as agreed with LO Costing and HQ Costing, to ensure consistency and set project deliverables are met by defined seasonal deadline
Qualifications for costing manager
  • The ability to work independently under pressure and to deadlines
  • Advanced costing experience
  • Good commercial knowledge on costing (material cost, manufacturing cost, overhead cost, logistics cost), tax, tariffs
  • Travel required when needed
  • Must speak French at a communicable level (does not need relocation to France)
  • Keen attention to detail in planning, organization and execution of tasks, while still seeing the big picture and understanding how all the pieces fit together and affect one another
3

Costing Manager Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of costing manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for costing manager
  • Identify project/process opportunities & best practice which can be leveraged at a regional level, submit to manager for approval and lead initiative until implementation following a structured and professional methodology
  • Support the consolidation of FACT score (Factory KPI) for costing for each Factory Group partner
  • Manage product costing which includes setting standards at the beginning of the year, adjustments to standards during the year as needed, and costing of new products
  • Manage month-end closing activities and account reconciliation supervision as it relates to COGM (cost of goods made) cost centers, order settlement, material ledger, and inventory accounts
  • Manage WIP variance analysis and cost center over/under absorption analysis to ensure immaterial impact at year-end
  • Manage the grower accounting process
  • Lead team in monitoring and reconciling goods in transit balances and open orders
  • Ensure team execution of annual activity rate creation for COGM cost centers, and appropriate adjustments to same throughout the year
  • Manage the development of area based standard unit cost by variety by region for the annual budget process
  • Oversee internal and external audits which relate to inventory balances or costing practices
Qualifications for costing manager
  • Ability to create processes where there aren’t any – ability to pave the way
  • College degree required, preferably in engineering or business management
  • Working knowledge of garment and textile manufacturing processes, factory evaluation techniques and vendor compliance requirements
  • Knowledge in the global trade of garment and material options
  • Job may often require 50+ hours per week, usually with 8-10 hour days
  • Deep subject area knowledge of product costing via contract manufacturers
4

Costing Manager Job Description

Job Description Example
Our company is looking for a costing manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for costing manager
  • Responsible for SOX certification on inventory accounts
  • Ensure the team aligns closely with the Vegetables Master Data team to ensure the accuracy of our material master data
  • Support of SEC and regional statutory reporting requirements as they relate to inventory accounts and product unit cost
  • Provide leadership to a team of cost analysts, creating training and development opportunities
  • Coordinate with tax and the commercial finance teams on setting and loading transfer prices
  • Support the implementation of the Global Inventory & Costing project
  • This individual will be responsible for effective coordination with the regional supply chain finance teams to ensure proper sharing of information
  • Bring financial perspective to costing data to bridge financial data
  • Work alongside our suppliers to create, define and standardize the operations and style features commonly used in building our product range
  • Utilizing GSD, specify recommended/expected methods/SMV’s used in performing these operations
Qualifications for costing manager
  • CICPA and other equivalent certification is plus
  • Knowledge of footwear manufacturing industry preferred
  • Issue Management - Maintains a cross-functional, cross-organizational project issues list, with appropriate prioritization based on the issue's level of importance
  • Drives appropriate and timely resolution and approval of changes to the project plan
  • Knowledge of GAAP, and a strong understanding of cost accounting
  • Self motivated with strong results orientation and ability to manage through barriers
5

Costing Manager Job Description

Job Description Example
Our company is searching for experienced candidates for the position of costing manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for costing manager
  • Maintain and update the global database as technology/style features evolve
  • Play a leading role in resolving any disputes relating to SMV’s (collaborating with all global stakeholders, mainly SMV suppliers and adidas Development teams)
  • Consolidate costing data across the vertical teams and suppliers to make sure everyone is aligned and achieving consistent results
  • Evolve costing tools, GSD database and costing standards appropriate to the LO
  • Ensure that Development teams, who are responsible for achieving the results, have the appropriate level of costing knowledge (process, tools, cost drivers)
  • Participate in and support global initiatives where applicable including factory efficiency, GSD implementation, costing standardization
  • Provide on demand day-to-day costing support within the Product Costing Teams
  • Provide support for Costing Manager and Business Unit resources to drive the optimal costing analysis and pricing solutions
  • Effectively manage support infrastructure for Quarterly Pricing and New Business activities
  • Make suggestions to continuously improve in the development and deployment of Costing tool sets
Qualifications for costing manager
  • 10+ years of accounting/manufacturing costing experience
  • Demonstrated ability to effectively lead and develop people as evidenced by prior people leader experience (2+ years required)
  • Industrial Engineering background would be an advantage
  • Certified GSD practitioner
  • Four-year college or university degree in clothing / bag technology and/or manufacturing/industrial engineering or comparable education
  • At least 2 years of experience applying GSD in a factory environment

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