Manager - Costing

Essential Duties and Responsibilities:

- Responsible for monitoring, analyzing, and managing the financial aspects of pharmaceutical manufacturing, ensuring accurate costing of products, and supporting cost control measures. You will work closely with cross-functional teams to optimize costs and contribute to the financial success of the organization.

- Analyze and maintain accurate product costs, including raw materials, direct labor, overhead, and other production-related expenses.

- Monitor cost variances and investigate any discrepancies or deviations from expected costs.

- Manage and reconcile inventory valuations to ensure they align with actual physical inventory and financial records.

- Implement inventory control procedures to reduce waste and improve efficiency.

- Develop and maintain product costing models to aid in decision-making, pricing strategies, and profitability analysis.

- Evaluate the cost implications of new product introductions or changes in manufacturing processes.

- Assist in the preparation of budgets and forecasts related to production costs and expenses.

- Provide financial insights to aid in budgetary decision-making.

- Ensure compliance with industry regulations and accounting standards.

- Prepare and submit financial reports and statements related to cost accounting.

- Identify opportunities to improve cost efficiency and reduce manufacturing costs.

- Work with cross-functional teams to implement cost-saving measures.

- Monitor and control manufacturing expenses to ensure they align with budgeted costs.

- Implement cost reduction initiatives and recommend cost-saving strategies.

- Utilize cost accounting software and ERP systems to maintain accurate cost data and streamline cost-related processes.

Qualifications & Role Requirements:

- Bachelor's degree in Accounting, Finance, or a related field. CMA / Inter CMA

- Relevant experience in cost accounting, preferably in the pharmaceutical industry.

- Strong knowledge of cost accounting principles and practices.

- Proficiency in financial analysis and reporting.

- Familiarity with accounting software and ERP systems.

- Strong analytical and problem-solving skills.

- Attention to detail and a high level of accuracy.