Commercial Costing & Pricing Executive at Rama Mining… · Maharasht…

Key Responsibilities (Commercial Costing & Pricing Executive)

• Manage end-to-end costing and pricing activities.
• Collect and maintain updated vendor prices, including currency, MOQ, payment terms, freight, and delivery terms.
• Verify and compare current vendor prices with previous purchase prices and identify price variations.
• Prepare product-wise costing sheets based on vendor purchase prices and applicable commercial costs.
• Calculate and allocate relevant company overheads to determine the actual product cost.
• Determine recommended selling prices based on cost, target margin, customer requirements, quantity, country, and market conditions.
• Prepare different pricing levels such as target price, minimum price, standard price, and special/negotiation price where required.
• Analyze customer-wise pricing and maintain consistency with historical selling prices and customer categories.
• Prepare quantity-based pricing and analyze the impact of order quantity on cost and profit margins.
• Compare competitor and market prices and recommend suitable pricing strategies to the Sales and Management teams.
• Review market conditions, product demand, competition, and customer importance while recommending selling prices.
• Support the Sales Team with accurate and timely costing and pricing for quotations and customer negotiations.
• Review special pricing requests from Sales and evaluate their impact on cost, margin, and profitability.
• Monitor target margins and ensure that products are not quoted below the approved or required margin without proper approval.
• Highlight low-margin, negative-margin, or high-cost products/orders to Management for review and approval.
• Review quotations before submission to ensure correct product cost, selling price, margin, freight, duties, and other commercial components.
• Prepare MIS and reports related to vendor price changes, product costing, selling prices, margins, customer pricing, and country-wise profitability

Requirements

• B.Com / B.E. / Diploma or equivalent.
• 2–5 years' experience in Costing / Pricing / Commercial / Purchase / Procurement or related role.
• Experience dealing with engineering / industrial products preferred.
• Strong knowledge of costing and pricing concepts.
• Strong analytical and numerical skills.
• Good knowledge of Excel and ability to prepare and maintain costing sheets.
• Ability to calculate landed cost, overheads, margins, and selling prices.
• Ability to analyze vendor pricing and commercial terms.
• Ability to compare current and previous purchase prices.
• Ability to analyze customer-wise, country-wise, and quantity-wise pricing.
• Ability to analyze market and competitor pricing.
• Ability to understand product specifications and their impact on costing and pricing.
• Strong communication and coordination skills.
• Ability to coordinate with Sales, Purchase, Stores, Logistics, Finance, and Management.
• Ability to prepare and present costing, pricing, margin, and commercial reports to Management.
• Strong commercial mindset with focus on cost control, profitability, and competitive pricing.

Benefits

On Time Salary

Bonus

Leave Encashment

Health Insurance