Finance Associate – Laboratory & R&D Operations

Scimplify; Bengaluru; On-site; INR 500,000 - 800,000; Full time

Job summary

Scimplify, a specialty chemicals manufacturer in Bengaluru, is seeking a Finance Associate for R&D operations. This entry-to-mid-level role focuses on budgeting, cost tracking, vendor coordination, and compliance reporting.

The ideal candidate should have 1–3 years of experience in finance, particularly in R&D settings, ensuring accurate financial management of research projects. Proficiency in MS Excel and familiarity with ERP tools are crucial for success in this role.

Qualifications

• 1–3 years of relevant experience in finance roles, preferably in pharma or specialty chemicals.
• Exposure to cost accounting and project-based expense tracking is beneficial.

Responsibilities

• Prepare monthly budgets and forecasts for lab costs.
• Coordinate vendor payments and ensure timely processing of purchase orders.
• Manage inventory classification and physical verification.
• Support audits with documentation of financial transactions.

Skills

Proficiency in MS Excel

Knowledge of ERP tools

Basic knowledge of cost accounting

Education

M.Com / MBA

Tools

SAP

Tally

Google Sheets

Job description

About Us

We are a specialty chemicals manufacturing company with a full stack solution from R&D to manufacturing and global supply chain of chemicals to 26+ countries. Headquartered in Bengaluru, India we cater to pharmaceutical, agrochemical, industrial chemicals, food, nutraceuticals and animal nutrition industries.

Our B2B fulfillment platform supports businesses globally in developing and manufacturing chemicals from lab to commercial scale. With a team of in-house R&D experts and scientists, we offer custom synthesis and route scouting services to support manufacturers in product development.

We are VC backed. We are 450+ people strong and have entities in India, Japan, USA, UAE and Indonesia. We are currently exporting to over 17 countries from India.

Role Overview

The Finance Associate – Laboratory & R&D Operations will support the financial management of Scimplify's R&D and laboratory activities. This is an entry-to-mid-level role that sits at the intersection of finance and R&D operations, responsible for accurate cost tracking, budgeting, vendor coordination, and compliance reporting for research projects in specialty chemicals and CDMO. The ideal candidate is detail-oriented, comfortable working cross‑functionally with technical teams, and brings a proactive approach to process improvement.

Key Responsibilities

Budgeting & Cost Reporting

• Prepare monthly budgets, forecasts, and variance reports covering lab consumables, reagents, equipment, and manpower costs.
• Track project-wise expenditure including consumables, reagents, instruments, manpower, and third‑party services.
• Implement cost allocation models across projects, departments, and functional units.
• Collaborate with R&D project managers to build financial dashboards and cost variance reports.

Vendor & Procurement Coordination

• Coordinate with procurement and stores teams for vendor payments, GRN validation, and inventory valuation.
• Ensure timely processing of purchase orders and invoice reconciliations for R&D-related expenditure.

Inventory & Asset Management

• Manage month‑end classification and physical verification of lab inventory (reagents, consumables, equipment spares).
• Maintain accurate records of R&D assets and support periodic physical asset verification.

Compliance & Audit Support

• Support internal and statutory audits through timely documentation of R&D financial transactions.
• Manage compliance with company budget policies, expenditure ceilings, and project financial KPIs.
• Assist in documentation requirements for R&D cost capitalisation under applicable accounting standards (Ind AS 38).

Qualifications

Educational Qualification

• M.Com / MBA.

Experience

• 1–3 years of relevant experience, preferably in finance roles within pharma, specialty chemicals, or R&D-intensive manufacturing.
• Prior exposure to cost accounting, project-based expense tracking, or lab/plant operations finance is an advantage.

Technical Skills

• Proficiency in MS Excel (pivot tables, VLOOKUP, SUMIFS, conditional formatting) and Google Sheets.
• Working knowledge of ERP tools (SAP / Tally / Zoho Books or equivalent) for data extraction and reporting.
• Basic knowledge of cost accounting principles, budget management, and regulatory compliance in R&D environments.