Associate Manager

IOL Chemicals And Pharmaceuticals Limited; Ludhiana; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

IOL Chemicals and Pharmaceuticals Limited in Ludhiana seeks an Associate Manager MIS & Costing to prepare, analyze, and maintain MIS reports and product costing data. The role supports decision-making through cost analysis, budget monitoring, variance reporting, and inventory valuation support, with timely MIS reporting to leadership.

The ideal candidate has 8-10 years in MIS, costing, or plant finance in pharma/chemical manufacturing, with strong MS Excel and SAP skills.

Qualifications

• MBA Finance or CMA qualification required.
• Experience in MIS, costing, and variance analysis.
• Exposure to manufacturing pharma/ chemical costing preferred.

Responsibilities

• Prepare periodic MIS reports related to production, sales, inventory, consumption, costing, profitability, and KPIs.
• Prepare and analyze product costing, process costing, batch costing, and cost sheets for pharma and chemical products.
• Monitor actual costs against standard costs, budgets, and forecasts, and prepare detailed variance analyses with explanations.
• Support monthly closing activities by coordinating with Finance, Production, Stores, Purchase and other departments for accurate cost and data.
• Assist in inventory valuation, material consumption analysis, yield analysis, process loss tracking, and reconciliation of records.
• Prepare profitability analysis by product, customer, business segment, and plant as required by management.
• Coordinate for preparation of annual budgets, cost estimates, forecasts, and cost control reports.
• Assist in cost audit activities by preparing required costing records and schedules.

Skills

Strong analytical ability

Attention to detail

Reporting skills

Education

MBA Finance / CMA

Tools

MS Excel

SAP

Data analysis tools

Job description

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IOL CHEMICALS AND PHARMACEUTICALS LIMITED

JOB DESCRIPTION

POSITION TITLE :Associate Manager LOCATION : Ludhiana

DEPARTMENT :Accounts & Finance SUB- DEPTT :Financial Planning & Data Analysis

JOB TYPE : Full time Job Req ID :2602

Job Role:

The Associate Manager - MIS & Costing will be responsible for preparing, analyzing, and maintaining management information reports and product costing data for IOL Chemicals and Pharmaceuticals Ltd. at Ludhiana. The role will support business decision-making through accurate cost analysis, budget monitoring, variance reporting, inventory valuation support, and timely MIS reporting to leadership.

Job Responsibilities:

• Prepare periodic MIS reports related to production, sales, inventory, consumption, costing, profitability, and key business performance indicators.
• Prepare and analyze product costing, process costing, batch costing, and cost sheets for pharmaceutical and chemical products.
• Monitor actual costs against standard costs, budgets, and forecasts, and prepare detailed variance analysis with explanations.
• Support monthly closing activities by coordinating with Finance, Production, Stores, Purchase, and other departments for accurate cost and operational data.
• Assist in inventory valuation, material consumption analysis, yield analysis, process loss tracking, and reconciliation of production and inventory records.
• Prepare profitability analysis by product, customer, business segment, and plant as required by management.
• Coordinate for preparation of annual budgets, cost estimates, forecasts, and cost control reports.
• Assist in cost audit activities by preparing required costing records, schedules, reconciliations, and supporting data for internal and statutory cost audit requirements.
• Ensure accuracy, consistency, and timely submission of MIS and costing reports, and perform other related activities assigned from time to time.

Qualifications:

• MBA Finance / CMA.
• Working knowledge of cost accounting, inventory accounting, budgeting, variance analysis, and MIS reporting.
• Exposure to manufacturing, pharmaceutical, chemical, or process industry costing will be preferred.
• Proficiency in advanced MS Excel and working knowledge of SAP systems is desirable.

Experience:

8-10 years of relevant experience in MIS, costing, cost accounting, plant finance, or manufacturing finance, preferably in pharmaceutical, chemical, API, or process manufacturing industry.

Skills and Competencies:

• Strong analytical ability with attention to detail and accuracy in reporting.
• Good knowledge of costing principles, MIS preparation, budgeting, and variance analysis.
• Proficiency in MS Office, especially advanced Excel; knowledge of SAP and data analysis tools will be an added advantage.