Associate Director - Business/Operation Finance - Pharma - CA

ABOUT THE 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).

Roles and Responsibilities:

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.