Job
Description
Role Overview: As a Cost Accountant in the pharmaceutical sector, your primary responsibility is to collect and analyze manufacturing costs specific to pharma production. You will be developing, implementing, and maintaining accurate cost accounting systems while performing regular variance analysis and preparing cost sheets across all manufacturing stages. Your role will involve collaborating with various teams to improve cost controls, optimize procurement, and ensure efficient inventory management. Additionally, you will participate in budgeting and forecasting processes, prepare cost accounting reports, and recommend process improvements to enhance profitability without compromising quality or regulatory compliance. Key Responsibilities: - 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 (R&D, 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. Qualification Required: - Education: Cost Accountant (ICWAI); Candidates with additional qualifications 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. (Note: No additional details of the company were provided in the job description) Role Overview: As a Cost Accountant in the pharmaceutical sector, your primary responsibility is to collect and analyze manufacturing costs specific to pharma production. You will be developing, implementing, and maintaining accurate cost accounting systems while performing regular variance analysis and preparing cost sheets across all manufacturing stages. Your role will involve collaborating with various teams to improve cost controls, optimize procurement, and ensure efficient inventory management. Additionally, you will participate in budgeting and forecasting processes, prepare cost accounting reports, and recommend process improvements to enhance profitability without compromising quality or regulatory compliance. Key Responsibilities: - 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 (R&D, 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 supp
