Manager - R&D Finance - Pharma - CA

1. Budgeting and forecasting: Develop and maintain the R&D department's annual operating budgets. Prepare financial forecasts based on projected R&D activities and evaluate their financial impact.

2. Financial analysis: Conduct in-depth financial analysis to evaluate the profitability and financial viability of R&D projects. Analyze project costs, revenue, and return on investment (ROI). Identify and communicate potential risks and opportunities to senior management.

3. Medium Term Planning- Work with the CSO and other GLs and draw up the medium term cost planning for R&D related activities. Work on ensuring that the overall R&D expenditure is in line with the medium-term R&D expenditure framework and strategic on complex generics investments

4. Reporting and variance analysis: Prepare regular financial reports and present them to stakeholders, including management and R&D teams. Perform variance analysis to identify and explain deviations from budgeted figures. Provide insights and recommendations for corrective actions

5. Cost control and optimization: Monitor and control R&D project costs to ensure they align with budgeted targets. Collaborate with group leaders to identify opportunities for cost reduction or process optimization while maintaining quality and efficiency.

6. Business performance assessment: Evaluate the financial performance of R&D initiatives and compare actual results against key performance indicators (KPIs) and benchmarks. Assess the financial impact of R&D projects on the overall business strategy and recommend adjustments if necessary.

7. Collaboration with cross-functional teams: Collaborate closely with R&D teams, manufacturing, and other stakeholders to gather necessary data and insights. Coordinate with other FP&A teams to align on financial planning and reporting methodologies.

8. Process improvement: Continuously identify opportunities to improve financial planning and analysis processes within the R&D department. Streamline reporting, forecasting, and budgeting processes to enhance efficiency and accuracy

9. PLI data and other Audit data- Providing and maintaining all the data which is required for various incentive schemes and getting them audited to the satisfaction of the auditors

10. Team Building - Building a sustainable team in R&D finance and ensuring training and growth of such team and also compliance on the accounting activities

Qualification Required: Chartered Accountant with experience in Pharma industry.

- Strong financial analysis and modeling skills.

- Proficiency in financial planning systems and tools (e.g., Excel, ERP systems).

- Knowledge of research and development processes and project management principles.

- Excellent communication and presentation skills.

- Attention to detail and ability to work with large sets of data. Problem solving abilities

- Prior experience in FP&A or financial analysis roles, preferably in an R&D or technology-focused environment, is a plus.