Senior Manager - Product Costing

Job description

*Ready to shape the future of work?* *At Genpact, we don’t just adapt to change—we drive it. AI and digital innovation are redefining industries, and we’re leading the charge. Genpact’s AI Gigafactory, our industry-first accelerator, is an example of how we’re scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies’ most complex challenges.* *If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that’s shaping the future, this is your moment.* *Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions – we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.* Inviting applications for the role of a **Senior Manager - Product Costing** The SDM for Record to Report (Product Costing & Inventory Valuation) is responsible for driving end-to-end global service delivery for product costing and inventory accounting, ensuring accurate inventory valuation, cost allocation, and financial reporting in line with accounting standards, SLAs, and control frameworks. This role combines deep domain expertise in manufacturing finance with leadership capabilities to manage global stakeholders, drive transformation, and ensure high-quality delivery outcomes across large-scale operations. **Key Responsibilities** - **Own and lead global end-to-end product costing and inventory valuation service delivery** , including standard costing, inventory valuation, and financial reporting across entities, regions, and business units. - Ensure timely and accurate execution of **month-end, quarter-end, and year-end close activities** related to inventory and costing. - Review and approve **complex journal entries related to inventory valuation, cost allocations, and variance postings** in ERP systems. - Drive high-quality **inventory valuation processes** , including **FIFO-based valuation, NRV adjustments, provisioning, and reserve management** . - Own and drive **standard costing frameworks** , including cost roll-ups, cost updates, and validation of cost structures across plants and entities. - Provide leadership on **cost variance analysis (PPV, usage variance, production variance)** , driving insights into cost drivers and margin impact. - Manage **large-scale production and inventory environments** , handling high volumes of data (SKU, plant, warehouse level) with strong governance controls. - Ensure **overall integrity, accuracy, and completeness of inventory balances, costing outputs, and financial reporting** . - **Own SLA outcomes, service delivery performance, and costing accuracy** , ensuring adherence to quality and timelines. - Drive governance and take decisions on **complex costing methodologies, valuation approaches, and financial adjustments** . - Lead and manage large teams, ensuring **performance management, succession planning, talent development, and retention** . - Actively manage **critical escalations related to costing discrepancies, inventory valuation issues, and financial risks** . - Establish and drive a culture of **ownership, accountability, and delivery excellence** across product costing operations. **Governance, Controls & Compliance** - Establish and enforce **global costing and inventory valuation governance frameworks and control mechanisms** . - Ensure compliance with **SOX controls, accounting standards (IFRS / US GAAP), and inventory valuation requirements** . - Review and approve key **inventory balances, costing models, and financial outputs** for accuracy and compliance. - Ensure **audit readiness** , including validation of costing assumptions, inventory reserves, and reconciliation documentation. **Stakeholder Management** - Act as a trusted advisor to **client stakeholders, CFO organization, plant controllers, and global finance leadership** . - Own **client relationships, service performance discussions, and escalation management related to costing and inventory processes** . - Drive **governance forums, business reviews, and performance discussions with stakeholders** . - Collaborate with **manufacturing, supply chain, procurement, FP&A, and operations teams** to ensure alignment and issue resolution. **Continuous Improvement** - Lead **global transformation initiatives** in product costing and inventory valuation, including automation, analytics, and digital finance solutions. - Drive **standardization and optimization of costing models, inventory valuation processes, and reporting frameworks** . - Identify root causes of **costing inefficiencies, inventory discrepancies, and reconciliation gaps** , and implement corrective actions. - Improve accuracy, efficiency, and cycle time for **inventory close and costing processes** . **Responsibilities:** In this role, you will be responsible for all the activities related to month end closing & reporting. - Perform day-to-day operational oversight including **product costing, inventory accounting, reconciliations, journal entries, reporting, audit requests, and ad hoc analyses** . - Review and approve **journal entries related to inventory valuation, cost allocations, and variance postings** with accuracy and adherence to timelines. - Preparation and review of **inventory and balance sheet reconciliations** , ensuring timely clearance of reconciling items. - Ensure execution and governance of **standard costing and inventory valuation pr