Assistant Manager-Cost Finance

About Zydus Wellness

Zydus Wellness, an FMCG leader, develops, manufactures, and markets health and wellness products, integrating healthcare, skincare, and nutrition. Founded in 1988 with Sugar Free, India’s first zero-calorie sugar replacement, it now manages seven global brands, including Complan, Glucon-D, Everyuth, and Nutralite. The company serves over 50 million families and supports more than 90,000 dairy farmers and 2,000 MSMEs.

With a focus on research, quality, and innovation, Zydus Wellness operates on core pillars of manufacturing integrity and supply chain efficiency. Headquartered in Ahmedabad and Mumbai, it runs four manufacturing facilities across India and eight co-packing facilities in India, Oman, and New Zealand. Listed on the Bombay and National Stock Exchanges, Zydus Wellness is led by Chairman Dr. Sharvil Patel and CEO Tarun Arora, serving customers in over 25 countries across three continents.

S. No Get to know our organization – Click on the below links

1 Company Website 

2 Zydus Corporate Park

Cost Finance – Team Member

Functional Reporting: Associate Manager – Cost Finance

Administrative Reporting: Associate Manager – Cost Finance

Location: Ahmedabad

Role Purpose

To drive cost efficiency and margin enhancement by managing product costing, variance analysis, budgeting, forecasting, inventory valuation, and financial reporting

Key Responsibilities

Financial – FP&A

• Prepare detailed margin reports (periodic and ad hoc), including Gross Margin & Net Margin analysis.
• Conduct variance analysis (usage, yield, and price variance) and recommend corrective actions.
• Collaborate with teams to prepare and monitor annual budgets and forecasts.
• Support management with Monthly/Quarterly MIS, including Budget vs Actual analysis.
• Ensure proper overhead allocation and cost optimization through lean principles, automation, and technology integration.
• Help management make important decisions based on product costs and MRP/pricing change/increase/decrease
• Prepare cost sheets, reconciliations, and annexures for financial accuracy.

Operational finance

• Production expense analysis including budgeting and MIS
• Inventory Management 
• Yield analysis
• PPV and Cost release impact

Customer

• Provide accurate product costing insights to support pricing and MRP-related decisions.
• Deliver timely and actionable margin and cost analysis reports to management.
• Partner with cross-functional teams to provide financial insights that improve business performance.

Process

• Standard cost determination, release, and variance tracking for existing and new products.
• Conduct assessment cycles and evaluate process/method changes for cost impact.
• Lead quantity reconciliation statements and cost records and coordinate audit certifications.
• Analyze non-moving/slow-moving inventory and develop action plans for reduction.
• Ensure inventory valuation in compliance with IND AS & Cost Accounting Standards.
• Identify the opportunities for process optimization and cost reduction through lean principles, automation, and technology integration. 

People

• Collaborate across functions (Production, Procurement, Operations, Commercial) to align cost management with business objectives.
• Build awareness of cost efficiency and margin optimization within teams.
• Support knowledge sharing on cost processes, audits, and financial analysis practices.

Key Interactions

Internal

GDSO, Marketing R&D & HO Finance.

External

External Auditors, Consultants

Role Requirements

Educational Qualifications

• CMA/CA

Experience (Type & Nature)

• 5 years of experience
• Candidates currently working as individual contributors and demonstrating strong ownership and accountability will be given preference

Functional Competencies

• Good business / commercial acumen
• Strong understanding of processes
• Understanding of the current process.
• Good knowledge of SAP HANA S4
• Excellent command over MS Excel for data analysis and reporting
• Strong analytical skills with proficiency in data analysis tools and ERP systems

Behavioral Competencies

• Zydus Neev Behavioral Competency Framework
• Strong leadership and team management skills
• Excellent communication and analytical thinking
• Attention to detail and a strategic approach to cost management