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Promea Therapeutics
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Cost Accountant

Cost Accountant

Promea Therapeutics

2 - 3 years

15 - 20 Lacs

hyderabad

Posted:1 day ago| Platform:

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Skills Required

procurement erp costing sap pharma budgeting oracle forecasting variance analysis product costing

Work Mode

Work from Office

Job Type

Full Time

Job Description

Collect and analyze manufacturing costs, including direct labor, raw materials, overhead, and inventory transactions specific to pharma production.
Develop, implement, and maintain accurate cost accounting systems and product costing methodologies in accordance with industry standards and regulatory requirements.
Perform regular variance analysis between standard and actual costs, investigating discrepancies and recommending corrective actions.
Prepare cost sheets and maintain product cost records across all manufacturing stages (RD, production, QA/QC, packaging).
Work closely with finance, procurement, production, and regulatory teams to improve cost controls, optimize procurement, and ensure efficient inventory management.
Assist in policy development for cost control and reduction, ensuring compliance with internal SOPs and external regulations (such as FDA, GMP, and statutory cost audit requirements).
Participate in budgeting and forecasting processes, providing detailed insights for annual operating plans, rolling forecasts, and capital expenditure plans.
Prepare monthly, quarterly, and annual cost accounting reports and support statutory audits and regulatory inspections as required.
Ensure accurate inventory valuation, coordinate cycle counts, and support preparation for internal control audits if required.
Recommend process improvements to enhance profitability without compromising product quality and regulatory compliance.

Key Requirements:

Education: Cost Accountant (ICWAI); Candidates with additional qualification like MBA Finance/B com/M com degree in Accounting will be preferred.

Minimum 2 years of relevant cost accounting experience in the pharmaceutical, biotech, or manufacturing sector.

Excellent knowledge of standard and activity-based costing principles, ERP systems (SAP, Oracle, etc), and advanced Excel skills.

Strong analytical, organizational, and communication skills with attention to industry-specific compliance standards.

Proven ability to work cross-functionally and contribute to continuous improvement projects

Preferred Attributes:

Familiarity with GMP, FDA/EMA regulations, and pharma operational workflows.

Demonstrated success in cost reduction projects or digital transformation of costing processes.

Experience with regulatory filings and statutory cost audits under Indian pharma standards

Strong communication and stakeholder management skills.

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Cost Accountant