Assistant Manager - costing

Job Description

Wockhardt is a true Indian Multi-National Company with a multi-ethnic workforce of 5000 Associates from 27 different nationalities globally. We have 3 research centers and 12 manufacturing plants, with businesses ranging from the manufacturing and marketing of Pharmaceutical and Bio-pharmaceutical formulations, Active Pharmaceutical Ingredients (APIs) and Vaccines.

The company has successfully created an integrated multi-technology capability to manufacture all types of dosage forms including sterile injectable and lyophilized products. Highly skilled technicians operate 12 manufacturing facilities that are US FDA, UK MHRA and EMEA compliant sites in India, the US and Europe. It is with immense joy and pride we share with you that Wockhardt Group has won 3 awards in the Great Place To Work contest.

We have been recognized by renowned institutions worldwide for our aim to provide quality healthcare, including the Europe Business Assembly, Oxford, Great Britain for being the `Best Enterprise. In the past two years, Wockhardt has won 109+ Awards at National & International level, and the number is still increasing!

We have a requirement of Assistant Manager for costing in our HO in BKC.

Job Purpose

To drive product costing, inventory reporting, plant finance controlling, profitability analysis, budgeting, operational excellence tracking, and commercial finance support for manufacturing operations while ensuring accurate reporting, compliance, and effective cost management.

Key Responsibilities

Product Costing & Profitability

• Preparation and maintenance of product costing and standard costing (Support)
• Analysis of material consumption, conversion cost, and manufacturing overheads.
• Monitoring and analysis of MUV (Material Usage Variance) and PPV (Purchase Price Variance).
• Preparation and review of COPA reports and business profitability analysis.
• Support management in pricing, margin analysis, and profitability improvement initiatives.

Inventory Reporting & Control

• Preparation and consolidation of Global Inventory Reporting.
• Monitoring inventory ageing, slow-moving, and obsolete inventory.

Plant Operational Excellence Support

• Work closely with plant and operations teams on Operational Excellence initiatives.
• Track savings projects, validate financial benefits, and monitor realization of savings.
• Support continuous improvement and cost optimization projects across manufacturing operations.

Budgeting & Cost Control

• Preparation and monitoring of Plant Overheads Budget and Costing Budgets.
• Budgetary controlling and variance analysis of other expenses.
• Review monthly actuals versus budget and identify key deviations.

Financial Analysis & Reconciliation

• Preparation of Business EBITDA reconciliation and analysis.

Analysis of operational and commercial expenses impacting profitability.

Capex Controlling

• Monitoring and controlling of capital expenditure budgets.
• Tracking capex utilization, capitalization, and project-wise spending.
• Coordination with plant and project teams for capex approvals and reporting.

PLI & Compliance Reporting

• Preparation and submission support for PLI (Production Linked Incentive) documentation and workings.
• Ensure accuracy of financial data and compliance with applicable guidelines and timelines.

Cost Audit & Compliance

• Coordination and support for Cost Audit activities.
• Preparation of cost records, schedules, and audit-related data.

Corporate QA MIS

• Preparation and analysis of Corporate QA MIS reports.

Coordination with QA and manufacturing teams for quality-related financial reporting and analytics

Educational Qualification

• CA / CMA / MBA Finance / ICWA

Experience

• 04 years of experience in costing, plant finance or manufacturing finance.
• Experience in manufacturing / pharma / FMCG industry preferred.
• SAP / SAP S4HANA exposure preferred.

Required Skills

• Strong knowledge of cost accounting and plant finance.
• Good understanding of inventory accounting and profitability analysis.
• Hands-on experience in budgeting, variance analysis, and MIS reporting.
• Proficiency in SAP, COPA, and MS Excel.
• Strong analytical and communication skills.
• Ability to work with cross-functional teams and plant operations.

If you are interested in exploring this opportunity kindly share your updated resume on this mail I'D tsanghvi@wockhardt.com .

More Info

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