Deputy Manager - Financial Analyst

Employer
Confidential
Location
Mumbai
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736888276
Level
Manager, Staff, Senior
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
  • Product costing:
    • Arriving at product costs for each product pack for internally manufactured products
    • Maintenance of inputs to arrive at product costs in Qlicksense and ensuring timely update of inputs to facilitate effective decision making.
    • Track on a periodic basis costs of products manufactured at CMO s
    • Assist in preparing variation analysis of actual product costs vs budget
    • Preparation of monthly material variance analysis (Actual vs standard cost) and working with various stakeholders to ensure areas impacting material variance are corrected in a timely manner.
    • Assist in preparation of cost sheet for new product offerings and new launches to ensure margins are maintained at the organizational/acceptable level.
    • Assisting efforts to work with CMO to arrive at most optimal cost structure and validation of cost elements factored in by CMO s
  • Manufacturing overhead allocation
    • Ensuring that sites periodically refresh activity rates to align standard costing with actual costs (including BOM refresh)
  • Purchase price variance:
    • Assisting in preparation of monthly Purchase price variance (PPV) MIS including analysis.
    • Keeping track of spot contracts vs long-term contracts and assisting in analyzing the impact of each approach.
  • Cost saving projects:
    • Participating and assisting in cost saving initiatives to improve cost structure.
    • Preparation of productivity workshop tracker and releasing updates on the progress of each initiative, highlighting hurdles in implementation.
    • Assist in yield improvement projects and monitoring yield on a periodic basis.
  • Cost Audit:
    • Assisting in providing necessary information to cost auditors for completion of cost audit.
    • Participating in cost audit discussions and ensuring smooth completion of cost audit
  • Inventory reporting
    • Collaborating with Finance controllers and IT team to ensure a monthly refresh of inventory Qlik dashboard.
    • Ensuring that data appearing in the inventory dashboard is correctly reflected and collaborating with stakeholders to get the inputs corrected.
    • Working to provide inputs for monthly refresh of inventory forecaster.
    • Updating monthly inventory MIS
    • Assist in preparing MIS of ageing stock and collaborating with stakeholders to document action plan for liquidation.
  • Partnering with other functions
    • Collaborate with manufacturing/operations team, supply chain team and other functions to assist them in financial information necessary to understand cost elements and inventory data.
  • Financial planning and analysis
    • Collaborating with various stakeholders to arrive at product cost inputs for budget and long-range planning.
    • Assist in preparing Key performance Indicator(KPI) tracker of costing and inventory metrics including analysis to provide financial insights on the metrics.
    • Monthly tracking of actual costs vs estimates provided during budgeting and long-range planning cycle.
    • Assist in providing financial insights and recommendations to support decision-making and thereby drive profitable growth
    • Bachelors degree in Finance (B Com equivalent), Inter CA/ICWA/ICMA.
    • Fresher or upto 2 years of experience in costing in a pharmaceutical or life-science company.
    • In-depth knowledge of cost concepts.
    • Strong analytical and quantitative skills, with the ability to interpret complex financial data and trends.
    • Excellent communication and interpersonal skills, with the ability to effectively communicate financial concepts to non-financial stakeholders.
    • Strong attention to detail, focusing on accuracy and integrity in financial reporting and analysis.
    • Ability to thrive in a fast-paced, dynamic environment and effectively manage competing priorities and deadlines.
    • Advanced proficiency in Excel, and other financial analysis tools
    • Proficient in SAP / ERP systems etc.

    Skills: Costing, Inventory, Sap, Erp, Financial Analysis

    Experience: 0.00-2.00 Years