Senior Team Member FP&A ( Manufacturing & Quality ) Role

Cipla; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Cipla Mumbai seeks a Finance professional to drive end-to-end budgeting and Opex oversight across manufacturing units (30+ units). The role emphasizes cost reduction, profitability analysis, and collaboration with Site Finance Heads to align with production plans and corporate guidance.

The position involves preparing annual Opex budgets, monitoring variances, and supporting strategic cost initiatives to optimize expenses and improve financial performance.

Responsibilities

• Engage with manufacturing units to report Opex variance and provide inputs for management reviews
• Prepare LE with Site Finance Heads to forecast future costs
• Develop profitability analysis at site/unit/dosage levels
• Prepare review decks for leadership forums covering opex, production, and CI initiatives
• Analyse opex heads and cost per 1000 to drive cost optimization
• Collaborate with central FP&A on budget adherence
• Support cost reduction initiatives across manufacturing and benchmarking activities
• Assist Operational Excellence teams on project execution and closure
• Lead automation of financial reports to improve reporting velocity

Job description

Job Purpose

Provide end to end finance support across manufacturing units by driving the overall budgeting and review processes, monitoring department wise spend, identifying deviations and providing cost reduction recommendations, partner in various strategic projects to enable adherence to opex budget and drive continuous improvement.

Key Accountabilities (1/6)

Opex analysis and reporting

• Engage with all manufacturing units (Cipla India + India Subsidiaries) to report on operating expenses variance across units (30+ units formulation & API) and provide necessary inputs for top management reviews
• Reporting on Opex Variance for Manufacturing (~Rs. 600 cr), Admin (~Rs. 120 cr) on monthly basis for India based Mfg units
• Prepare LE in consultation with Site Finance Heads to give insights about future costs to Management on quarterly basis.
• Prepare Profitability analysis (Site level, Unit Level, dosage level),
• Prepare Review deck for TLT & other leadership forums to discuss overall performance including opex, production, CI initiatives, etc.
• Detailed Analysis of all opex heads and work on cost per 1000 to drive cost optimization.
• Discuss and review with central operations / FP&A teams monthly on budget adherence

Key Accountabilities (2/6)

Prepare the annual budget for the manufacturing units and review of expenses

• Drive annual budgeting exercise for operating expenses across plants
• Partner with site finance team to prepare and consolidate annual Opex Budget for Manufacturing, Admin at Cost center (dept) & expense level in line with production plan, site operations schedule and corporate guidance.
• Evaluate, Approve & recommend Purchase Request approvals as per DOA to keep control & governance on budget for all central functions
• For better Budget Control several other activities to be undertaken like PO reviews, discussion with stake holders to establish need for expense, etc.

Key Accountabilities (3/6)

Identify and support cost reduction initiatives across manufacturing to optimize the overall cost

• Drive cost reduction activities across the manufacturing section by monitoring cost reduction KPIs, and through internal and external benchmarking
• Review the Cost saving ideas and support to approve the same.
• Analyse the OEE reports on monthly basis unit wise dosage wise and give insights on improvement levers
• Support Operational Excellence teams in various projects from time to time and help in driving closure of projects

Key Accountabilities (4/6)

Partner in Several Strategic, cost and other initiatives

• Partner to Mfg team in several strategic projects including network optimization, automation, etc
• Benchmarking of Expenses between Locations, identifying the cost drivers and working on optimisation of costs.
• Report on Cost per 1000 units/per Ton and identify reasons for increase or decrease.
• Make V/s Buy decision Identify products for in sourcing to ensure better capacity utilisation and overhead allocation.
• Review impact of product transfer between own manufacturing units
• Drive automation of financial reports to reduce reporting time and improve business velocity

Key Accountabilities (5/6)

People development & management

• Ensure implementation and compliance with HR policies and procedures,
• Engage in soft skill development initiative based on the individual need

Key Accountabilities (6/6)

Leading the Project velocity throughout and Opex ideas leading the systematic savings.