GB/G Product Costing Associate Analyst

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 Analyst analyzes and provides useful inventory information to help business units mitigate significant impacts on product costs. The role performs monthly inventory valuation, analyzes actual-cost, standard-cost, and production-order variances, supports annual operating-plan activities, calculates inventory provisions, and communicates process deliverables to stakeholders.

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

Perform monthly inventory valuation at standard cost and actual cost in accordance with the month-end closing schedule. Analyze monthly variances involving actual cost, standard cost, and production orders. Support the definition and maintenance of the annual operating plan, including fixed production costs and variable rates. Calculate and record provisions for slow-moving inventory, net realizable value, and/or replacement price in accordance with the closing schedule and GAIN methodology. Communicate process deliverables and ensure stakeholders remain informed of progress, issues, and resolutions. Validate inventory and product-cost information for accuracy, completeness, and consistency. Support internal controls, reconciliations, audit requirements, and continuous process-improvement activities. Collaborate with business and finance stakeholders to resolve product-costing issues under close guidance or alignment with the team lead.

Minimum Qualifications

Education: Professional qualification in Finance (e.g., B.Com., CA, CPA), an MBA, or a master’s degree in finance, accounting, or a related discipline. Work Experience: 1-3 years of experience in accounting, finance, product costing, inventory accounting, or a related field. Process Knowledge: Understanding of inventory valuation, standard and actual costing, production-order variances, inventory provisions, and month-end activities. Core Skills: Strong analytical capability, customer focus, problem-solving, organization, prioritization, attention to detail, and effective stakeholder communication.

Technical Skills

Solid working knowledge of Microsoft Office applications. Advanced Excel skills are required. Working knowledge of SAP is required. Fluent English is required Knowledge of product costing, inventory accounting, financial controls, and month-end closing processes. Experience with the GAIN methodology or comparable inventory-provision processes is an advantage. Experience in a shared services, multinational, or GCC environment is preferred.

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.