Associate Director - Business/Operation Finance - API Phaarma - CMA (10-15 yrs)

CMA, Asso Director - Business/Operation Finance (API Pharma)

About Company:

Based in Mumbai, India, this pharmaceutical company is a subsidiary of a Singapore-based investment platform created by an Asian private equity firm in collaboration with Indian private equity firms. The company employs over 1,000+ and offers a diverse range of pharmaceutical products, particularly in the category of Active Pharmaceutical Ingredients (APIs).

Job Description:

Costing & Controlling:

- Ensure to report the Validated Current Product Costing & Impact of the Costing due to change in the Prices/Process to ensure the accuracy of Gross Margin.

- Reporting of monthly business performance such as analysis of top line, gross contribution, analyse variances and provide inputs on budgetary deviations.

Plant MIS & Reporting:

- Reporting of Plant wise Opex Trend Analysis (Bud vs Act) and provide insights to the management for the variances.

- Report and conduct monthly Reviews of Product Cost trend, Yield Report and analyse Variances.

- AOP & Forecast - Preparation of Budgeted Material Costs, Proposed Yields, Product Costs & GMM Analysis.

Month-end Closure activities & Invoice Processing:

- Perform various month-end, quarter-end and year-end close activities from GL accounting, reconciliations, accruals, and other ad hoc activities.

- Responsible for periodic reporting including Creditors Aging, Payables by Business Units, Payables process metrics.

- Responsible for vendor invoice accounting, expense reporting and processing.

Capex Management:

- Build, follow and update the yearly CAPEX plan by coordinating with the Plant teams.

- Prepare and lead periodic CAPEX review meetings to give an accurate status of the projects, the commitment, the cash out and the forecasts.

- Review and passing of Depreciation entries on monthly basis according to the nature of the asset and its useful life as per Ind AS & Income tax act.

- Perform Cost-benefit analysis, NPV/IRR analysis, and payback period for Capex initiatives.

Audits & IFC:

- Ensuring implementation of Internal Financial Controls as per RCMs.

- Coordinating with Internal/Statutory/Cost Auditors for completion of Audit reports as per Audit plan.

- Monitoring & ensuring the Compliance with Accounting Standards & Policies.

- Updating the Risk Control Matrix (RCMs) in line with SOPs/Accounting policies/ DOA.

Ideal Candidate:

- Should possess influential communication, interpersonal and negotiation skills.

- Good working knowledge of Indian accounting standards, Cost Accounting standards and Indian taxation, statutory and management reporting is critical to this position.

- Should have the ability to influence and encourage team synergy, sensitively managing diverse teams as well as multiple internal and external stakeholders.

- Must possess a solution oriented and ambitious attitude.

- Strong Business and commercial acumen.

- Analytical and Problem Solving.