SARABJIT SINGH
Ludhiana,Punjab
Summary
Experienced Costing Manager with 11 years in cost management and financial analysis. Led initiatives to optimize cost structures and enhance profitability through variance analysis and process improvements. Utilized SAP and advanced costing techniques to drive financial performance and inform business decisions.
Overview
11
11
years of professional experience
Work History
Manager - Costing
Modern Automotives Ltd
Ludhiana
07.2026 - Current
- Spearheaded product and process costing initiatives, enhancing RM yield reporting, variance analysis, profitability reporting, standard vs. actual costing, and budget vs. actual analysis.
- Oversaw physical stock audits, ensuring inventory accuracy and reducing discrepancies for reliable financial statements.
Cost Accountant
Yerik International Pvt Ltd
Ludhiana
10.2024 - 07.2026
- Updated product cost sheets to match complex production workflows and material usage.
- Analyzed standard versus actual costs, identified major variances, and suggested corrective actions to reduce financial impact.
- Prepared variance reports that gave stakeholders clear insight into cost drivers and performance trends for planning decisions.
- Supported budgeting process end to end by working with cross-functional teams to set realistic financial targets.
- Performed physical stock audits to improve inventory accuracy and lower risk of stock obsolescence.
- Created product-wise contribution reports to support pricing decisions and improve profitability.
Senior Executive Costing
Trident Group- Lotus Home textile Ltd
Ludhiana
10.2022
- Established and maintained precise product-wise cost sheets, ensuring seamless integration with evolving production methodologies.
- Analyzed raw material costs and yield reports, identifying actionable opportunities for significant cost reduction and process optimization.
- Generated timely and accurate variance reports, offering critical insights into cost deviations and performance trends for management review.
- Produced daily profitability reports, enabling real-time monitoring of financial performance and swift response to market dynamics.
- Executed rigorous physical stock audits, guaranteeing inventory integrity and minimizing financial losses due to discrepancies.
- Performed detailed stock tally and reconciliation, ensuring alignment between physical inventory and accounting records.
- Prepared standard vs. actual cost reports, clearly articulating key variances and recommending strategic corrective actions.
- Managed budget vs. actual analysis, proactively identifying deviations and implementing effective corrective measures to stay within financial parameters.
- Developed customer-wise margin reports, providing critical data for informed decisions on customer pricing and profitability optimization.
- Successfully implemented process-wise costing methodologies, leading to enhanced cost allocation accuracy and improved overall cost control.
- Calculated accurate machine hour rates, ensuring precise allocation of overhead costs to production activities.
- Determined optimal piece rates, effectively aligning labor costs with production output and efficiency metrics.
- Managed overhead cost allocation with transparency and accuracy, ensuring fair distribution across all cost centers.
Eastman Cast & Forge Ltd
08.2020 - 09.2022
- Prepared detailed standard vs. actual reports, highlighting key variances and recommending strategic corrective actions to improve cost efficiency.
- Verified Bills of Materials (BOMs) for accuracy and consistency, ensuring reliable cost data for product costing.
- Conducted in-depth variance analysis to pinpoint cost drivers and identify performance trends for continuous improvement.
- Generated comprehensive yield reports, providing critical insights into production efficiency and identifying areas for operational enhancement.
- Managed production budgeting processes, collaborating with stakeholders to develop realistic and achievable financial plans.
- Implemented effective cost control measures, resulting in significant and measurable cost savings.
Avon Cycles Ltd.
04.2016 - 07.2020
- Developed and maintained accurate product-wise cost sheets, ensuring alignment with dynamic production processes and material requirements.
- Executed process-wise costing methodologies to accurately allocate indirect costs and improve cost visibility.
- Calculated and allocated overhead costs with precision, ensuring accurate distribution of indirect expenses across production activities.
- Provided accurate cost estimates for New Product Development (NPD) projects, supporting strategic decision-making for new product launches.
- Analyzed standard vs. actual costs, identifying key variances and proactively recommending and implementing corrective actions.
Education
CMA INTER -
ICMAI
B.COM -
PU CHD
Skills
- SAP (FI/CO Module)
- Standard Costing
- Variance Analysis
- Budgeting & Forecasting
- Cost Control & Reduction
- Profitability Analysis (Product & Customer)
- Product Cost Sheet Preparation
- Process Costing
- Inventory Valuation & Audit
- Machine Hour Rate (MHR) Calculation
- Piece Rate Calculation
- Bill of Materials (BOM) Verification
- Financial Reporting
Personal Information
Title: Manager - Costing, Budgeting & MIS
Language
Punjabi, Hindi, English
Timeline
Manager - Costing
Modern Automotives Ltd
07.2026 - Current
Cost Accountant
Yerik International Pvt Ltd
10.2024 - 07.2026
Senior Executive Costing
Trident Group- Lotus Home textile Ltd
10.2022
Eastman Cast & Forge Ltd
08.2020 - 09.2022
Avon Cycles Ltd.
04.2016 - 07.2020
CMA INTER -
ICMAI
B.COM -
PU CHD