Umedica Laboratories Private Limited
Website:
umedicalabs.com
Job details:
Position Title: Assistant Manager – Manufacturing & SBU Finance (BFG)
Reporting To: Head – Business Finance (BFG)
Qualification & Experience:
- CA / CMA – Inter / Qualified CMA preferred.
- 4–7 years of relevant experience in manufacturing finance, plant controlling, business finance, FP&A, commercial finance, or pharmaceutical finance.
- Experience in Pharmaceutical / API / Formulation / Manufacturing industry preferred.
- Strong working knowledge of SAP FI/CO, MS Excel, MIS and financial modelling.
Purpose of the Role:
To provide comprehensive financial support and business partnering to manufacturing operations, R&D and SBUs, with responsibility for budgeting, forecasting, cost control, profitability analysis, inventory and working capital management, pricing/margin analysis, and management reporting.
The role will partner with manufacturing, commercial, sales, marketing, R&D and business leadership teams to drive cost efficiency, profitability improvement and informed financial decision-making.
Key Responsibilities:
1. Budgeting & Forecasting:
- Lead annual budgeting and periodic forecasting for manufacturing plants, R&D and assigned SBUs.
- Develop cost, revenue and profitability projections.
- Monitor key financial assumptions and business drivers.
- Coordinate with plant and business leadership to ensure realistic and actionable budgets.
- Conduct scenario planning and sensitivity analysis.
2. Manufacturing Cost Control:
- Analyze Budget vs. Actual performance across manufacturing operations.
- Review production cost trends and identify cost optimization opportunities.
- Analyze manufacturing overheads, including:
- Repairs & Maintenance
- Consumables
- Manpower Costs
- Utilities
- Other Plant Expenses
- Prepare and review detailed utility and manufacturing cost MIS.
- Drive accountability for cost control across functions.
3. Capacity Utilization & Idle Cost Analysis:
- Monitor plant capacity utilization and operational efficiency.
- Calculate and report idle capacity costs and under-absorption of overheads.
- Identify operational inefficiencies impacting product cost and profitability.
- Provide financial insights for capacity and resource optimization.
4. Inventory & Working Capital Management:
- Monitor inventory levels, ageing, slow-moving/non-moving inventory and inventory turns.
- Review inventory valuation and provisioning requirements.
- Support initiatives for inventory optimization and working capital improvement.
- Analyze inventory-related financial impact on business profitability.
5. SBU & Business Performance Analysis:
- Analyze business performance by product, customer, geography, country and SBU.
- Monitor revenue, volume, gross margin, contribution margin and profitability trends.
- Prepare actionable financial insights for business leadership.
- Support monthly business reviews and management presentations.
6. Pricing & Margin Management:
- Analyze product-wise and market-wise pricing trends.
- Monitor gross margin and contribution margin movements.
- Support pricing decisions and profitability improvement initiatives.
- Evaluate the financial impact of pricing, volume, product mix and cost changes.
7. Profitability Analysis:
- Prepare customer-wise, country-wise, product-wise and SBU-wise profitability analysis.
- Identify key profitability drivers and improvement opportunities.
- Support product portfolio optimization.
- Conduct financial evaluation of new products, customers and markets.
8. Selling & Marketing Cost Management:
- Monitor selling and marketing expenditure against approved budgets.
- Conduct Budget vs. Actual analysis.
- Identify cost optimization opportunities while supporting business growth.
- Provide financial insights to sales and marketing teams.
9. R&D Cost Monitoring:
- Track project-wise R&D expenditure.
- Monitor R&D budgets and utilization.
- Allocate costs to relevant projects/business segments.
- Support project profitability and investment analysis.
10. Fixed Assets, Capex & SAP:
- Ensure accurate capitalization of fixed assets in SAP.
- Review depreciation accounting and related controls.
- Monitor Capex against approved budgets.
- Support post-investment reviews and assess financial returns on major investments.
- Ensure accuracy and integrity of relevant SAP FI/CO transactions and reports.
11. Management Reporting & MIS:
- Prepare monthly Manufacturing, SBU and Business Finance MIS.
- Develop dashboards and management reports covering:
- Revenue & Volume
- Manufacturing Cost
- Gross & Contribution Margin
- Inventory & Working Capital
- Capacity Utilization
- Overheads
- Selling & Marketing Expenses
- SBU Profitability
- Provide variance analysis and actionable recommendations to management.
- Support monthly/quarterly business review presentations.
Key Deliverables:
- Accurate and timely manufacturing, R&D and SBU budgets and forecasts.
- Effective manufacturing cost and overhead control.
- Detailed product/customer/country/SBU profitability analysis.
- Pricing and margin improvement insights.
- Capacity utilization and idle-cost analysis.
- Inventory and working capital optimization.
- Accurate management MIS and variance reporting.
- Effective financial business partnering with plant and commercial teams.
- Improved cost efficiency and overall business profitability.
Key Competencies:
- Strong Manufacturing & Business Finance expertise.
- Budgeting, forecasting and FP&A capabilities.
- Strong understanding of plant costing and cost accounting.
- Commercial finance and profitability analysis.
- Pricing and margin management.
- Inventory and working capital management.
- Strong analytical and financial modelling skills.
- SAP FI/CO and advanced MS Excel proficiency.
- Excellent MIS and management presentation skills.
- Strong stakeholder management and business partnering abilities.
- Problem-solving and decision-making skills.
- Ability to work effectively with cross-functional teams.
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