GB/G Manager - Product costing and inventory Valuation

We are a leading chemical company, with the best teams developing intelligent solutions for our customers, and for a sustainable future.
We connect and develop people with diverse talents all over the world. For you, this means a variety of ways to progress.
Not only your performance but also your personality matter to us, regardless of gender, age, ethnicity, orientation, and background. At BASF, careers develop from opportunities.
BASF Overview
BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2025, BASF had 2,455 employees in India with 8 production sites and 45 offices throughout the country. The Innovation Campus Mumbai and the Coatings Technical Center in Mangalore are both part of BASF’s global technology platform. In 2025, BASF registered sales of approximately €2.2 billion to customers in India. Further information is available on www.basf.com/in
About The Role
The
Product Costing & Inventory Valuation Manager leads costing, inventory valuation, and month-end/year-end closing activities. The role manages the team, ensures compliance and accuracy, partners with stakeholders, and drives process improvements, digitalization, and operational excellence.
What's In It For You
Be part of building BASF's new Global Hub in India, a flagship transformation initiative
Work with a globally integrated team spanning Finance and HR functions
Competitive compensation, benefits, and structured career pathways
Access to BASF's world-class learning & development programs
Inclusive, diverse, and collaborative work culture
Hybrid work model (mix of on-site and remote)
Key Responsibilities
Stakeholder Management
Understand stakeholder needs and provide relevant, timely, and solution-oriented support.
Develop a strong end-to-end process understanding and leverage it to deliver value to business partners.
Ensure the team delivers compliant, efficient, and high-quality services by establishing and maintaining technical standards.
Collaborate with Book-to-Report teams across regions on operational activities and projects.
Act as a business partner to BASF internal stakeholders, identifying, evaluating, and implementing effective solutions.
Team Management
Provide disciplinary leadership, including work allocation, goal setting, performance evaluation, feedback, and decision-making.
Develop team members by identifying strengths, development needs, and career opportunities, and implementing appropriate development plans.
Foster an open, collaborative, and inclusive team environment with strong communication.
Mentor Senior Analysts and Analysts, promoting quality, best practices, and team collaboration.
Drive team engagement, motivation, and morale while supporting employee development.
Act as a backup to the Director and undertake additional responsibilities as required.
Project Management
Lead and support process improvement and optimization projects, leveraging digital technologies to enhance efficiency and value creation.
Monitor SLAs, Balanced Scorecards, and KPIs to ensure continuous improvement in service delivery.
Ensure stakeholder queries and ad-hoc requests are addressed proactively and within agreed timelines.
Understand business requirements and work closely with stakeholders to deliver customized, high-quality solutions in line with SLAs.
Resource Management
Allocate resources and responsibilities effectively to ensure high-quality and compliant service delivery.
Manage recruitment activities within the approved budget and workforce requirements.
Identify employee strengths and development needs and support their professional and career development.
Conduct regular team meetings and individual reviews to identify and address issues effectively.
Manage and monitor the FTE budget for the team.
Knowledge Management
Ensure proper documentation and accessibility of process knowledge.
Facilitate effective knowledge sharing and transfer to build sustainable capabilities within the team.
Operational Activities
Ensure timely and accurate month-end and year-end closing and reporting in line with BASF guidelines and work instructions.
Oversee activities related to Product Costing & Inventory Valuation, Project Accounting, Cost Center Accounting, Profitability Analysis, Non-Trade Transactions, and Reporting/BI Solutions.
Provide guidance on inventory valuation and support the team during month-end closing activities.
Review actual vs. standard cost and production order variance analysis prepared by the team.
Review and oversee the Annual Operating Plan, including fixed production costs and variable cost rates.
Review inventory valuation adjustments and inventory provision calculations, including provisions for slow-moving inventory, NRV, and replacement price.
Ensure timely communication with stakeholders regarding progress, issues, and resolutions.
Drive continuous improvement, automation, and adoption of new technologies and systems to enhance operational effectiveness.
Minimum Qualifications
Bachelor’s degree in finance / CA / CMA
10 - 18 years of progressive experience in Accounting, Controlling, Costing, Financial Reporting or Shared Services environments.
Strong leadership, stakeholder management and people management experience.
Prior experience of Leading a team of 10 employees.
Excellent analytical, communication and problem-solving skills.
Experience working in MNC and Captive GCC experience is preferred
Technical Skills
Advanced knowledge in standard Microsoft Office software (word, excel, power point).
Proficiency in English required with good communication in verbal, writing and interpersonal skills with high customer focus. Proficiency in other languages is a plus.
Knowledge of SAP system is mandatory.
About BASF
At BASF, we believe that great chemistry starts with great people. We foster a workplace where curiosity is encouraged, diverse perspectives are valued, and every employee is empowered to make a meaningful impact. Our culture is built on trust, collaboration, and a shared commitment to continuous growth - both for the business and for the individuals within it.
At BASF, your development never stands still. Employees have access to structured learning pathways, international exposure, and cross-functional mobility across a truly global organization. We are committed to inclusion and equal opportunity, and we actively invest in the wellbeing, development, and long-term career growth of our people. Whether you are early in your career or bringing deep expertise, BASF offers the scale of a world-leading company with the sense of purpose and community that makes it a place where people genuinely thrive.

Work arrangement
No