Finance Business Partner – Pricing and Costing

Biovac; Wes-Kaap; On-site; ZAR 400 000 - 500 000; Full time

Job summary

A leading vaccine manufacturer in Africa is seeking a dynamic Finance Business Partner – Pricing and Costing. This role entails developing pricing strategies, preparing profitability reports, and collaborating with cross-functional teams to drive business performance. Candidates must have a Bachelor’s Degree or Diploma in Financial Accounting and at least 5 years of relevant experience, preferably in a manufacturing environment. Proficiency in SAP and Excel is essential.

Qualifications

• 5+ years experience in finance roles, preferably in manufacturing.
• Proven experience in profitability reporting and pricing strategies.
• Proficiency in SAP and data analysis required.

Responsibilities

• Develop pricing strategies to maximize profitability.
• Prepare profitability reports for senior management.
• Oversee the costing process for manufacturing operations.

Skills

Financial Reporting

Profitability Analysis

Costing Strategies

Pricing Strategies

Data Analysis

Education

Bachelor’s Degree or Diploma in Financial Accounting

CIMA or ACCA

Tools

SAP ERP

Microsoft Office Suite

Ms Excel

Job description

BIOVAC is one of the leading sterile vaccine manufacturers rooted in Africa, with our core purpose being to "protect life". We are looking to hire a dynamic, passionate, confident, proactive and meticulous Finance Business Partner – Pricing and Costing to join a goal-oriented team.

QUALIFICATIONS NEEDED

• Bachelor’s Degree or Diploma in Financial Accounting or equivalent.
• Completed Articles
• Preferred: CIMA or ACCA

NECESSARY EXPERIENCE & INDUSTRY KNOWLEDGE:

• 5+ years of recent experience in a similar role, preferably within a manufacturing industry.
• Proven experience in Profitability reporting
• Exposure into setting various pricing strategies.
• Proven experience in product costing.
• Proficiency in Ms Excel and data analysis and
• Proficient in SAP and Microsoft Office Suite or related software.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Pricing & Strategies

• Develop and implement pricing strategies to maximise profitability while maintaining market competitiveness.
• Analyse market trends and competitor pricing to inform pricing decisions.
• Collaborate with commercial teams to align pricing strategies with business objectives
• Calculate quarterly pricing adjustment based on movement in exchange rates.
• Ensure correct pricing is maintained in SAP
• Analyse and report on Pricing variances to inform business decisions

Profitability Reporting

• Prepare and present detailed profitability reports to senior management.
• Analyse financial data to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to enhance profitability
• Identify appropriate cost allocations to enhance business profitability reporting
• Liaise with business leaders on appropriate cost allocations to enhance profitability reporting.

Business Costing

• Oversee the costing process for manufacturing operations.
• Ensure accurate and timely calculation of product costs.
• Ensure accuracy on all material costs on the SAP ERP system
• Monitor and analyse cost variances and implement corrective actions as needed
• Maintain and update the Bill of Materials costing for all products.
• Ensure BOM accuracy and integrity in the SAP ERP system.
• Collaborate with Operation teams to manage BOM changes.

Business Partnering

• Act as a key finance partner to various internal departments, including production, engineering, sales, and marketing.
• Provide financial support and guidance to stakeholders to drive business performance.
• Build and maintain strong relationships with external stakeholders, including suppliers and auditors.

Additional Duties

• Business Planning – Actively involved in the business planning and forecasting activities.
• Financial Audits
• Internal control audits
• SAP improvement projects – participate in SAP projects and changes where required, lead SAP improvements for the finance department
• Project accounting – ensure that accounting meets requirements for capitalisation of project expenses to intangible assets. Attend to any requirements related to the new build project.
• Actively involved and finance representative in the business Tender teams