Job Description

Job Title: Value Engineering Manager - Formulations & packaging
Experience Required: 7-8 Years
Location:Mumbai
Department: R&D / Product Development
Reports To: Head - R&D / Innovation
Role Overview:
We are seeking a Formulation Value Engineering Manager who will lead initiatives to
optimize existing formulations through cost-effective alternatives, raw material and
packaging material substitutions, and value engineering without compromising product
quality, performance, or compliance. This role requires strong formulation expertise, deep
technical understanding of ingredient functionalities, and hands-on experience in stability,
compatibility, and performance evaluation.
Key Responsibilities:
? Value Engineering & Cost Optimization:
? Analyze existing formulations and packaging materials to identify high-cost
contributors and opportunities for optimization.
? Evaluate and implement alternate raw materials and packaging material,
technologies, or processes to reduce formulation / packaging cost while
maintaining product integrity.
? Technical Evaluation & Validation:
? Lead and execute comprehensive stability studies, compatibility tests, and
performance validation on revised formulations / packaging.
? Ensure all modifications meet internal quality standards and regulatory
requirements.
? Raw Material & PM Benchmarking & Supplier Management:
? Work with sourcing and procurement to identify, screen, and qualify alternate
suppliers, ingredients & packaging.
? Assess technical equivalency and impact of substitutions on product attributes
and shelf-life.
? Cross-functional Collaboration:
? Liaise with regulatory, quality assurance, packaging, and manufacturing teams to
ensure seamless implementation of formulation changes.
? Partner with marketing and commercial teams to align optimization efforts with
brand positioning and claims.
? Documentation & Compliance:
? Maintain detailed records of trials, formulation adjustments, evaluation protocols,
and outcomes.
? Ensure compliance with global regulatory frameworks and internal product
standards.
? Continuous Improvement:
? Monitor market trends, ingredient innovations, and competitor activity to identify
strategic cost-saving opportunities.
? Contribute to formulation knowledge databases, libraries, and internal best
practices.
Required Skills & Qualifications:
? Bachelor's or Master's degree in Cosmetic Science, Pharmaceutical Sciences,
Chemistry, or related field.
? 7-8 years of experience in cosmetic, personal care, or pharmaceutical formulation
development.
? Proven expertise in cost engineering, technical reformulation, and raw material
evaluation.
? Strong background in stability testing, compatibility studies, and analytical
interpretation.
? Familiarity with global cosmetic regulations (e.g., BIS, FDA, EU, ISO).
? Excellent documentation, problem-solving, and communication skills.
Preferred Attributes:
? Strong technical acumen and a solution-oriented mindset.
? Ability to manage multiple reformulation projects with minimal supervision.
? Experience working with cross-functional and vendor teams.
? Agile, self-motivated, and proactive in identifying and executing optimization
opportunities.
? High sense of ownership and accountability over assigned projects.
? Ability to work independently while effectively collaborating with cross-functional teams.
? Comfortable managing multiple projects in a dynamic, evolving environment.
? Collaborative approach
? Fast and quick learners

Skills Required