Senior Manager - Costing & Inventory Management - Pharmaceutical Manufacturing

1. Job Title: Senior Manager - Costing & Inventory Management

Department: Finance

Reports to: Head of Finance - India

Location: India (Manufacturing Site/Corporate Office)

Role Purpose Key Responsibilities Required Qualifications & Skills

To lead product costing, inventory valuation, and cost control activities aligned with US GAAP and SOX compliance requirements, supporting accurate financial reporting and operational efficiency in a pharmaceutical manufacturing setup.

- Manage product costing processes (standard and actual costing) for multi-site manufacturing.

- Monitor and analyze inventory variances, scrap, yield, and cost absorption.

- Lead month-end and year-end closing for cost accounting and inventory.

- Ensure inventory valuation and costing align with US GAAP and corporate policies.

- Oversee physical inventory verification, cycle counts, and reconciliation.

- Implement cost control measures and provide cost optimization insights.

- Ensure SOX-compliant documentation and controls around cost accounting processes.

- Liaise with internal and external auditors for costing/inventory-related audits.

- Support new product costing, transfer pricing, and valuation scenarios.

- Cost Records Preparation and Cost Audit Requirements for India Entities.

- Ensure inventory valuation and costing aligned with US GAAP and corporate policies.

- Lead the preparation and consolidation of annual budgets in coordination with cross-functional teams.

- CMA/MBA (Finance) with 10-12 years of experience in costing and inventory in a pharmaceutical or manufacturing MNC.

- Strong knowledge of US GAAP, SOX controls, and ERP systems (JDE / SAP S4 HANA preferred).

- Hands-on experience in standard costing, BOMs, WIP, variances, and absorption costing.

- Analytical skills and ability to work cross-functionally with manufacturing and SCM.