Assistant Manager - Business Finance, MIS & Costing (ICWA)
Job Description
Role
Role Objective:To act as an effective strategic interface between Finance and Operations, driving accurate product costing, overhead allocation, budget management, and cost audits. The role leverages SAP S/4 HANA (CO module & COPA) along with advanced analytics/AI dashboards (Power BI) to conduct Gross Margin analysis, material reconciliation, business case evaluations, and support cross-functional cost reduction initiatives.
KEY RESPONSIBILITIES
1. Budget Management & Control
Major Activities:
Preparation, presentation, and finalization of Capex and Revenue budgets covering R&D, Corporate, and Regulatory Affairs (RA).
System implementation of approved budgets in SAP (transfers, supplements, and controls).
Preparation of Expected Expenses Statements in coordination with various functional heads for accurate expense forecasting.
Measurement Criteria: Accuracy of financial estimates; timely completion of the budgeting process.
2. Management Information System (MIS) & COPA Settlement
Major Activities:
Project-wise tracking of expenses for R&D, Corporate, and RA functions to maintain budgetary control and support future FY budget planning.
Monthly R&D, Corporate, and RA MIS preparation and distribution.
Execution of monthly COPA runs in SAP for settling R&D expenses across company divisions in the P&L statement.
Measurement Criteria: Accuracy of MIS statements; adherence to monthly delivery timelines.
3. Business Case Evaluation & Portfolio Selection
Major Activities:
Evaluation of financial business cases to guide portfolio selection for Business Development (BD) and R&D pipelines.
Measurement Criteria: Model accuracy and robust financial feasibility assessment.
4. Cost Audit & Regulatory Compliance
Major Activities:
Maintenance of statutory cost records in accordance with cost audit requirements.
End-to-end coordination with internal and external cost auditors to resolve queries.
Measurement Criteria: Timely and audit-ready finalization of cost records without audit qualifications.
5. Product Costing, Overhead Allocation & Cost Reduction
Major Activities:
Accurate product costing and overhead allocation in SAP.
Conducting Gross Margin analysis and material variance reconciliations.
Active involvement in cross-functional cost-reduction and process-optimization projects.
Measurement Criteria: Variance analysis accuracy; tangible contributions to cost-saving initiatives.
STAKEHOLDER INTERACTION
Type of Interaction: Internal
Interaction with: Team Leaders & Members within the DSG function.
Nature of Interaction: Routine operational communication regarding task instructions, work requests, status updates, data sharing, and problem resolution.
Interaction with: Cross-functional teams (R&D, Manufacturing Plants middle management, Procurement, Planning, Marketing, Supply Chain)
Nature of Interaction: Proactive collaboration to obtain relevant, timely data and communicate costing and MIS reports across leadership levels.
Type of Interaction: External
Interaction with: Cost Auditors and Statutory Auditors.
Nature of Interaction: Addressing audit queries, sharing financial/costing documentation, and facilitating smooth audit completion.
JOB REQUIREMENTS
Professional Experience and Relevant Skills
Experience:
3 to 5 years of relevant experience in Costing, Overhead Allocation, Budgeting, and Manufacturing Business Finance.
Prior experience in the Pharmaceuticals Industry or Consumer domain is required (preferably from a reputed Indian Pharma company).
Skills:
Strong foundation in costing, COPA, material reconciliation, and overhead allocations.
Excellent written and verbal communication skills.
Strong interpersonal and stakeholder management skills to collaborate across leadership levels.
Technical Expertise:
SAP S/4 HANA: Hands-on proficiency in the CO Module and COPA operations.
Analytics & AI Tools: Experience in building financial dashboards using Power BI and leveraging AI tools (e.g., Google AI, Claude).
Academic Qualifications & Certifications
Educational Qualification: ICWA