Business: Piramal Critical Care
Department: Finance


Location:
Kurla, Mumbai
Travel: Low:

Job Overview:

This role will focus on development of product cost, analysis of cost drivers, reporting of cost-based profitability reports and actively participate in negotiating cost / supply price with vendor-partners as well as business development initiatives.

Key Stakeholders: Internal

Manufacturing/operations team, Supply chain, Sales and Marketing, cross-functional teams, Internal Auditors, and Corporate Stakeholders.

Key Stakeholders: External

Vendor Partners, CMO s, Auditors and external consultants

Reporting Structure:

Sr. Director of Finance / Sr. VP of Finance

Experience

5-10 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.

Competencies:

Critical Thinking using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems
Excellent customer service skills and professional demeanor to interface effectively with all internal and external customers.
Excellent verbal and written communication skills.
Creative and able to present various solutions.
Energetic, enthusiastic, and motivational disposition.
Maintain confidentiality.
High energy and strong curiosity.
Ability to look for new ways for the company to improve.
Demonstrates initiative - self-starter, able to identify issues and take actions for resolution.
Ability to take a stand on difficult issues and push back when appropriate.
Ability to work independently with limited guidance and direction.

Key Role &

Responsibilities:


Product costing

Arriving at product costs for each product pack for internally manufactured products

Track on a periodic basis costs of products manufactured internally and at CMO s

Prepare variation analysis of actual product costs vs budget

Evaluate cost optimization ideas

Manufacturing overhead allocation

Ensuring that sites periodically refresh activity rates to align standard costing with actual costs (including BOM refresh)

Purchase price variance:

Collaborate with Supply Chain to review Purchase price variance (PPV).

Keeping track of spot contracts vs long-term contracts and assisting in analyzing the impact of each approach.

Cost saving projects

Act as administrator of Cost Improvement Program and employee recognition process.

Participate and collaborate 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 Valuation / reporting / Monitoring

Collaborating with Finance controllers and IT team to ensure a monthly refresh of inventory Qlik dashboard.

Actively participate in inventory management programs and collaborate with cross functional team to avoid inventory write-offs/provisions

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.

provide financial insights and recommendations to support decision-making and thereby drive profitable growth

Bachelor's degree in Finance (B Com equivalent), ICWA/ICMA.

Skills: Customer Service, Sap, Erp, Independent, Confidentiality, Interpersonal Skills, Accuracy, Costing, Product Costing, Financial Data, Critical Thinking, Motivational, Financial Planning, Excel, Communication, Trends, Curiosity, Verbal Communication, Inventory Valuation, Analysis, Integrity, Creative, Written Communication, Cost Audit

Experience: 5.00-10.00 Years