Deputy Manager - Financial Analyst

Jun 17, 2024
Jul 01, 2024
Manager, Staff, Senior
Work Mode
Work from office
Full Time
Organization Type
  • 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