Senior Manager/DGM - Financial Planning & Analysis - Procurement Finance - CA

We have an urgent opening for - FP&A - Procurement Finance- with a leading pharmaceutical industry based at Mumbai. Please share your interest level & share updated profile

Qualification - C.A

Exp - 10-14 Yrs

Location - Mumbai

Position Title: FP&A - Procurement Finance

Job Responsibilities:

- Procurement Budgeting and MIS:

Generate annual material rates budget in consultation with procurement team establishing linkage with annual business plan

Generate monthly/quarterly Purchase Price MIS reports comparing the prices vs Budget and previous year and provide variance analysis

Generate quarterly forecasts for the year in consultation with the procurement team

- Procurement Decision Support and financial analysis:

Financial evaluation of make vs buy vs contract manufacturing decisions

Evaluate commercial tax implications on sourcing alternatives - local vs imported, intra state procurement, implications of GST, composite contracts etc

Provide support in developing, validating and tracking benefits working of various procurement cost reduction initiatives

Work with procurement team to arrive at tender specific procurement rates for competitive tender bidding

Perform price benchmarking - rational pricing, competitive benchmarking

Financial oversight of RM/PM inventory, esp. slow moving inventory to minimize instances of expiry/ write-off

- Internal Controls and system maintenance:

Maintenance/update of plan material rates in the SAP system

Perform periodical review and analysis of key master data elements having financial implication viz MOQs, payment terms, tax codes- Data elements to be finalized with Procurement team-

Maintain and update procurement DoP and configuration in the system

Carry out periodical review open items viz open POs, open items in clearing accounts due to pending procurement actions and implement corrective actions in the system

- Contract Management for Loan License and Contract Manufacturing:

Vetting of commercial contracts

Performance tracking - performance against contractual targets - production targets, compliance with material usage norms, cost reduction targets etc

Account reconciliation, periodical settlement, tax reimbursements and reconciliation

- Vendor Financial Evaluation: Perform financial evaluation of Key Vendors through trade referencing, analysis of financial statements and external credit rating

Anshita