Finance Manager – Standard Costing Ops finance

Amgen; Hyderabad; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Amgen Inc. in Hyderabad, India, seeks a Finance professional to own standard costing across manufacturing sites. You will serve as SME for standard costing and inventory accounting, providing governance and leadership across the process.

The role partners with Manufacturing, Supply Chain, and Operations Finance, supports SAP S/4HANA implementations, and drives automation and process improvements to ensure accurate cost data and timely monthly closes.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field.
• Minimum 7 years of progressive experience in cost accounting, manufacturing finance, or inventory accounting.
• Proven experience owning standard costing processes in a complex manufacturing environment.
• Strong working knowledge of SAP / S/4HANA.
• Fluency in English.

Responsibilities

• Own the end-to-end standard costing process for designated sites.
• Oversee material, BOM, routing, labor, and overhead standards in SAP.
• Lead absorption costing, capacity analysis, and related accounting assessments.
• Oversee inventory accounting, monthly close, reconciliations and roll-forwards.
• Perform cost and inventory variance analyses for global stakeholders.
• Partner with Manufacturing, Supply Chain, Cost Accounting and Operations Finance teams.
• Support S/4HANA implementation and global standardization of costing processes.
• Drive process improvements, automation, and digital initiatives in costing.
• Manage and review work by junior team members or outsourcing providers.
• Assist with internal and external audits related to inventory and costing.
• Support strategic initiatives like network optimization and new product introductions.

Skills

English fluency

Education

Bachelor's degree in Finance, Accounting, or related field

Chartered Accountant / CPA or MBA (Finance)

Tools

SAP / S/4HANA

Job description

Career Category Finance Job Description In this vital role, you will own and lead standard costing activities within Ops Finance for designated manufacturing sites or regions. You will act as a subject-matter expert for standard costing and inventory accounting and provide oversight, governance, and leadership across the process.

Key responsibilities include but are not limited to:

• Support the end-to-end annual standard costing process, including planning, execution, review, and governance.
• This includes updates to clinical costing and Raw Material costing.
• Oversees product-costing updates in SAP S/4Hana.
• Ensure accuracy and integrity of material, BOM, routing, labor, and overhead standards in SAP.
• Lead absorption costing, excess capacity analysis, and related accounting assessments.
• Oversee inventory accounting and valuation, including monthly close, reconciliations, and roll-forwards.
• Perform and review detailed cost and inventory variance analysis, providing insights to global stakeholders.
• Act as a key finance partner to Manufacturing, Supply Chain, Cost Accounting and Operations Finance teams.
• Support S/4HANA implementation, enhancements, and global standardization of costing processes.
• Drive process improvements, automation, and digital initiatives within standard costing and inventory accounting.
• Manage and review work performed by junior team members or outsourced service providers, as applicable.
• Assist to provide responses to internal and external audits related to inventory and costing.
• Support strategic initiatives related to network optimization, new product introductions, and business expansions.

What we expect of you

The professional we seek is a strong finance leader with deep technical expertise and a transformation mindset:

Basic Qualifications

• Bachelor’s degree in Finance, Accounting, or related field
• Minimum 7 years of progressive experience in cost accounting, manufacturing finance, or inventory accounting
• Proven experience owning standard costing processes in a complex manufacturing environment
• Strong working knowledge of SAP / S/4HANA
• Fluency in English

Preferred Qualifications

• Chartered Accountant / Certified Public Accountant or MBA (Finance)
• Audit or Big 4 Public Accounting experience
• Experience in pharmaceutical or biotech manufacturing environments
• Strong knowledge of US GAAP inventory accounting
• Excellent analytical, communication, and organizational skills
• Ability to operate effectively in a global, cross-functional, matrixed organization
• Mindset to drive transformation and optimize processes
• Ability to take initiative and work with a minimum level of direction in a fast-paced environment.

Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology. Amgen focuses on areas of high unmet medical need and leverages its biologics manufacturing expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world’s leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential. For more information, visit www.amgen.com and follow us on www.twitter.com/amgen