Costing And Budgeting AM/ DM

Role & responsibilities

• Std. Cost estimations & Actual cost product wise preparation and presentation. Work on cost optimization projects to minimize cost. Cost calculation of Product with New material rate trend to help for decision making./ New product cost as per R&D TTD.
• Budget Preparation working for annual budget-(Sales/Cost/Expenses).
• Fund Management in SAP and monthly MIS working (Profitability) with expenses comparison budgeted Vs Actual data.
• Physical verification and Inventory Valuation (SFG/FG) control over inventory movement for production and general use.
• Slow/non-moving inventory plan with stakeholders to minimize non-moving inventory.
• Analysis & Control on Material master BOM/Recipe and production orders and the complete production order process. Solvent and By Product rates.
• Weekly expenses tracking with budget and provide to management ORM & Exco.
• Operation efficiency matrix preparation and per unit cost/sku.
• Monitoring of ETP cost and Utilities cost tracking to minimize expenses.
• Data analysis i.e. Production orders, Material issuance.
• Variance- Price, Usage & Yield & recovery of the Solvents.
• Work on product Cost controlling with optimization projects with OE team.
• SAP- Reporting and customizations with SAP team.
• Cost Audit working and completion with Auditors as per CAR govt. rules.
• Statutory/Tax audits & Internal Audits.
• Production, Sales, Product Cost/Variance/ Operation efficiency/Yield and solvent Recovery reporting(Mkt person wise/Customer wise sale and profitability)
• Factory overhead cost calculation and maintain in SAP for Inventory valuation.
• Expenses tracking cost centre wise and allocation of exact cost centres for actual expense tracking.
• Based on market trend forecasting & projection for particular time and product mix.
• Ensure cost accounting activities comply with relevant accounting standards and regulations IAS & CAS.

Preferred candidate profile

Must be from API/ Bulk Drugs background.

SAP exposure is a must.

B.COm/ M.Com/ MBA (Finance)/ CMA cleared