Lee Pharma - Telangana - Lee Pharma Limited

Description

Job Title:

Financial Analyst - Costing and Budgeting

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

We are seeking a highly skilled Financial Analyst to lead our costing and budgeting efforts. The ideal candidate will have a strong background in financial analysis, with a focus on cost accounting and budgeting.

Key Responsibilities:

• Prepare product cost statements for each product stage-wise monthly
• Value inventory (SFG, FG, WIP) and provide provisions for inventory to finance
• Prepare annual budgets for production and opex, as well as variance analysis and remarks
• Conduct plant-wise capacity planning, product-level overhead uploads, and absorption analysis

Additional Responsibilities:

• Consolidate budgets and analyze region-wise profitability and throughput
• Allocate plant overheads (product/region-wise)
• Analyze standard costs against actuals to identify process inefficiencies and opportunities
• Monitor solvent recovery savings and prepare monthly reports
• Coordinate cost audits, stock audits, statutory, and internal audits

Reporting and Analysis:

• Prepare MIS reports on product-wise costing (monthly, quarterly, annually)
• Reconcile financials vs. costing profit
• Prepare monthly MIS reports on yield analysis, capacity utilization, product-wise price and usage variance
• Responsible for yearly materials budget for the plants

SAP-related Activities:

• Cost Centre Wise & Activity wise price planning and bifurcating fixed & variable costs on a monthly basis
• Product-wise & Plant-wise Standard Costing on a monthly basis
• Creation of Cost Centres & Creation of Cost Elements
• Settlement of Plant Maintenance Orders on a monthly basis

Quarterly Tasks:

• Review and revise standard product costs in SAP considering changes in overheads and operational parameters
• Valuation of Finished Goods, SFG, and preparation of FG Ageing statement for making provisions for obsolete stock
• 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

Performance Metrics:

• Profitability analysis - product-wise, segment-wise, activity-wise, and customer-wise
• Cost Center wise Cost Pooling and Expenses Analysis - Budget Vs Actual