Business Finance Controller

Zydus Group; Ahmedabad District; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

A leading pharmaceuticals manufacturer is seeking a Finance professional with significant experience. The candidate will prepare annual budgets, support in management reviews, and track budget utilization. A Chartered Accountant with 10-12 years of experience in manufacturing is ideal. Responsibilities include monthly MIS preparation, audit coordination, and driving process improvements. This role is crucial for financial oversight and operational efficiency within the organization.

Qualifications

• 10-12 years of experience in Manufacturing, preferably in the pharmaceuticals industry.
• 10-12 years of experience in Manufacturing preferably pharmaceuticals industry.
• Experience in budgeting, costing, MIS, and process improvements.

Responsibilities

• Preparation of annual budget in coordination with all functions.
• Support for export benefits and management reviews.
• Monthly MIS preparation and detailed review for actionable insights.
• Review and monitoring of CAPAX and project proposals.
• Coordination with internal and statutory auditors.
• Update marketing on product cost and gross contribution changes and assist pricing decisions.
• Establish and monitor Credit control Policy Framework.
• Review and monitor CAPEX, project proposals and payback analyses.
• Monitor budget vs actual utilization and issue FRN as required.
• Physically verify inventory annually and fixed assets every 3 years.

Skills

Self-starter

Inter departmental coordination

Intra departmental coordination

MIS reporting

Cost analysis

Education

Chartered Accountant / Cost Accountant

Job description

Location - Ahmedabad Based Plant , Moraiya

Preference will be given to candidates who can join immediately

Role and Responsibilities

Finance

• Preparation of Parenteral Operations annual budget in close coordination with all functions
• Support for taking export benefits (DBK, MEIS, PLI etc.,)
• Support for half yearly, yearly and other management reviews.
• Review of Business Development proposals and help marketing in evaluation.
• Review of makes Vs Buy decisions.
• Updating marketing on product cost / gross contribution changes and helping in pricing and product mix decisions.
• Credit control Policy Framework and management.
• Review and monitoring of CAPAX, Project proposals, Payback etc
• Monitor budget and actual utilization of funds and issue FRN based on request from concerned functions
• Physically verification of inventory once in a year and entire fixed assets once in 3 years as per planned schedule

MIS

• Monthly MIS preparation and detail review with actionable insights for budget v/s. actual
• Preparation of monthly Progress Review Meeting (MPRM) of BU head
• Automation and improvement of daily reports / dash boards
• Other activities which may be required from time to time

Controlling & Costing

• Monthly expense provision & scrutiny for month end closing
• Tracking major changes in product process, batch size, plant etc.
• Controlling and review of product cost and analysis of budget v/s. actual cost variance for all sites
• Review Monthly RMC and manufacturing saving calculation
• Review monthly procurement saving with respect to budget rate
• Review of sale of Scrap and solvent and release of sales order.
• Review & release merchant sales order after validation of budget rates, term of payment, credit limit, overdue.
• Support to site in costing and system related issues.
• PR release activity & coordination with concerned function for errors, if any.
• Tracking Non-moving inventory & inventory w/off.
• Coordination with internal and statutory auditors to achieve desired tasks within agreed time frame

BUSINESS PROCESS REENGINEERING

• Driving process related changes to make system more automated.
• Exception reporting if any

Qualifications and Education Requirements

• Chartered Accountant / Cost Accountant
• 10 -12 years of experience in Manufacturing preferably pharmaceuticals industry

Preferred Skills

• Self-starter and go getter
• Inter and intra departmental coordination