Lee Pharma – Costing Role

Lee Pharma Limited; Andhra Pradesh; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A pharmaceutical company in India seeks an experienced finance professional specializing in Plant Costing and Budgeting. The ideal candidate will have at least 8 years of experience and be well-versed in preparing financial statements, managing inventories, and conducting variance analysis. Familiarity with SAP is essential for this role.

Qualifications

• 8+ years of experience in Plant Costing and Budgeting.
• Strong understanding of IND AS.
• Experience in preparing detailed cost statements and financial reports.

Responsibilities

• Prepare product cost statements and budgets for multiple stages.
• Conduct variance analysis and provide insights.
• Manage inventory valuation and reconciliation.

Skills

Plant Costing

Budgeting

Variance Analysis

MIS Reporting

Inventory Management

Education

Bachelor's degree in Finance or Accounting

Tools

SAP

Job description

8 years of experience in Plant Costing, Budgeting, Variance analysis, Inventory Consolidation Costing and MIS & Corporate Accounting and IND AS.

– Preparation of product cost statement for each product stage wise monthly.

– Valuation of inventory SFG, FG, WIP and provide provision for inventory to finance.

– Preparation of Annual budget for production and Opex, preparation of variance analysis and remarks.

– Plant wise Capacity planning / Product level Overhead upload workings / Absorption analysis.

– Consolidated budget and region wise profitability and throughput analysis and comparison with actuals.

– plant Overhead allocation – (Product/Region wise).

– Examine Standard Costs against actual to identify process inefficiencies, Improvements, Opportunities and low cost Profit Products.

– Monthly Solvent recovery savings report in comparison with standards.

– Preparation of reconciliation statements relating to financials Vs Costing Profit.

– coordination of Cost audit, Stock audits, Statutory & Internal audits.

– Preparation of Mis Reports relating to Product wise costing on ( Monthly, Quarterly & Annually) preparation of reconciliation statements relating to financials Vs Costing Profit

– Preparation of monthly MIS reports relating to Yield analysis, Capacity utilization, Product wise price

& usage variance, Production achievements against forecast, Product wise cycle time, Risk non- moving inventory action plan

– Responsible for the yearly materials budget for the plants

– Preparation of monthly Costing P&L.

– Inventory valuation & and explain to the auditors.

– Preparation of annual Budget each plant wise and consolidated.

– Preparation of Raw Material Consumption reconciliation statement ( All Materials)

– Preparation and Present Cost review meeting quarterly once to Management.

As per SAP Concerned:

– Cost Centre Wise & Activity wise price planning and bifurcating the fixed & variable costs on

– monthly basis

– Product wise & Plant Wise Standard Costing on month!v basis

– Drawing all materials consumption details

– Creation of Cost Centres & Creation of Cost Elements

– Settlement of Plant Maintenance Orders in on monthly basis

– Preparation and Maintenatice of Statical Key Figures

– Verification of Process Orders for quantities confirmed activity wise (Production & Power) and

– its completeness (TCCO)

Preparation of Monthly MIS Reports like: –

– Batch Yield & Batch Mix Analysis Statement

– Weights Analysis Report

– Power Consumption Analysis Report Melting Cost Analysis Report

– Fuels Consumption Analysis Report

– Contribution & Break Even Point analysis of the Company.

– Quarterly Standard Product Cost revision in SAP considering the changes in Overheads & Operational Parameters,

– Quarterly FG Valuation & Preparation of FG Ageing statement for Making provision for obsolete Stock.

– Quarterly preparation of data for Board Presentation & Audit Templates, SAP related activities like

– Standard Cost Release.

– Production Version Creation.

– Product Cost Collector Creation.

– Month End Cycle Distribution.

– Valuation of Finished goods, SFG quarterly and passing entries in books Increase/ decrease effect,

– Reconciliation of Stocks as per financials and Stores ledgers and Reconciliation of Monthly sales with Sales Sub ledger,

– Preparation of Quarterly P&L statement, EBIDTA analysis. Monitoring Month end costing system activities.

– Profitability Analysis – Product wise, Segment wise, Activity wise & Customer wise

– Quarterly Product Cost revision considering Cost reduction & Material cost increase Impact.

– Cost Center wise Cost Pooling and Expenses Analysis Budget Vs Actual