FPnA (Cost & Business Finance Analyst)
Company Overview:
Our client is a leading pharmaceutical company specializing in the development, manufacturing, and marketing of a broad range of pharmaceutical products. With a strong presence across various therapeutic areas, the company is committed to providing high-quality, affordable medicines to patients globally. Operating on a large scale, they maintain state-of-the-art manufacturing facilities and a robust distribution network to ensure product availability and accessibility.
Role Overview:
As an FP&A (Cost & Business Finance Analyst), you will play a crucial role in providing financial insights and support to the business. Your day-to-day will involve in-depth cost analysis, financial forecasting, and budgeting activities. You will collaborate closely with cross-functional teams, including manufacturing, supply chain, and sales, to provide financial guidance and support strategic decision-making. Your analysis and recommendations will directly impact cost optimization efforts, profitability improvements, and overall business performance.
Key Responsibilities:
- Conduct detailed Cost Sheet Analysis to identify cost drivers and opportunities for improvement, supporting informed pricing and profitability strategies.
- Implement and maintain Methodical Costing methodologies to ensure accurate product costing and inventory valuation, enabling better decision-making.
- Develop and maintain Financial Forecasting models to predict future financial performance, supporting proactive resource allocation and risk management.
- Lead the annual Budgeting process, working with department heads to develop realistic and achievable budgets, ensuring alignment with overall business objectives.
- Perform comprehensive Cash Flow Analysis to monitor cash flow trends and identify potential cash flow risks, supporting effective cash management strategies.
- Provide Business Finance support to various departments, offering financial insights and analysis to support strategic initiatives and investment decisions.
- Identify and implement Cost Optimization initiatives across the organization, driving efficiency improvements and reducing overall costs.
- Perform Variance Analysis to identify and explain deviations from budget and forecast, providing insights to management and recommending corrective actions.
- Utilize ERP (Pharmacloud) to extract and analyze financial data, ensuring data accuracy and integrity.
- Develop and maintain Financial Modeling to evaluate the financial impact of various business scenarios, supporting informed decision-making.
Required Skillset:
- Demonstrated ability to perform in-depth cost analysis and develop cost optimization strategies.
- Proven experience in financial forecasting, budgeting, and variance analysis.
- Expertise in cash flow analysis and financial modeling.
- Strong understanding of business finance principles and practices.
- Proficiency in using ERP systems, specifically Pharmacoloud, for financial data extraction and analysis.
- Advanced skills in MS Excel, including the ability to create complex spreadsheets and financial models.
- Excellent communication and interpersonal skills, with the ability to effectively communicate financial information to non-financial stakeholders.
- Bachelor's degree in Finance, Accounting, or a related field.
- 5-7 years of relevant experience in FP&A or cost accounting roles within the pharmaceutical industry.
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