Reporting To
Finance Controller / Head – Costing & Commercial Finance
Experience
5–10 Years (Pharmaceutical Industry Preferred)
Qualification
CA Inter / CMA Inter / CMA / MBA (Finance) / M.Com
Strong knowledge of pharmaceutical manufacturing, costing, and commercial finance
Job Summary
The Product Costing Sr. Executive / Assistant Manager will be responsible for product cost analysis, standard costing, profitability assessment, inventory valuation, and financial support for business decisions. The role involves close coordination with Manufacturing, Supply Chain, Procurement, Regulatory Affairs, and Commercial teams to ensure accurate product costing and margin optimization across domestic and export markets.
Key Responsibilities
Product Costing & Analysis
Prepare and maintain standard product costing for formulations, APIs, and contract manufacturing products.
Analyze Bill of Materials (BOM), manufacturing processes, and cost structures.
Perform product-wise cost estimation for new product launches, tenders, and business development opportunities.
Monitor and evaluate material, labor, overhead, and conversion costs.
Conduct periodic cost reviews and identify cost optimization opportunities.
Financial Planning & Profitability
Conduct product profitability and margin analysis by SKU, customer, market, and business segment.
Support pricing decisions through detailed cost and profitability analysis.
Evaluate the financial impact of changes in raw material prices, manufacturing processes, and regulatory requirements.
Assist in budgeting, forecasting, and annual operating plans related to manufacturing costs.
Inventory & Manufacturing Cost Control
Ensure accurate inventory valuation in compliance with accounting standards.
Analyze inventory variances, production variances, and cost absorption.
Monitor manufacturing efficiencies and identify cost-saving initiatives.
Support month-end and year-end closing activities related to costing and inventory.
Commercial Finance Support
Provide costing support for tenders, government supplies, exports, and institutional business.
Collaborate with Business Development and Marketing teams for pricing proposals.
Review transfer pricing and inter-company costing where applicable.
Support management with financial models and business case evaluations.
Compliance & Reporting
Ensure adherence to internal controls, SOPs, and financial policies.
Prepare periodic MIS reports related to product costs, margins, inventory, and manufacturing performance.
Support internal and external audits by providing costing-related data and analyses.
Maintain costing records and documentation for regulatory and audit requirements.
Key Skills & Competencies
Technical Skills
Product Costing & Standard Costing
Pharmaceutical Manufacturing Cost Analysis
BOM Analysis
Inventory Valuation
Variance Analysis
Profitability Analysis
Budgeting & Forecasting
Financial Modeling
Cost Optimization Techniques
Systems Knowledge
SAP (CO/FI/MM Modules preferred)
Oracle ERP / Microsoft Dynamics (preferred)
Advanced Microsoft Excel
Power BI / Business Intelligence Tools (preferred)
Behavioral Competencies
Strong analytical and problem-solving skills
Attention to detail and accuracy
Cross-functional collaboration
Business partnering mindset
Effective communication and presentation skills
Ability to manage multiple priorities and deadlines
Preferred Industry Experience
Pharmaceutical Formulations
API Manufacturing
Nutraceuticals
Contract Manufacturing (CMO/CDMO)
Healthcare & Life Sciences Manufacturing
Key Performance Indicators (KPIs)
Accuracy of product costing and inventory valuation
Timely completion of costing updates and reports
Product profitability improvements
Cost-saving initiatives identified and implemented
Variance analysis effectiveness
Budget and forecast accuracy
Audit compliance and control adherence
Pay: ₹70,000.00 - ₹90,000.00 per month
Benefits:
- Commuter assistance
- Flexible schedule
- Food provided
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Provident Fund
Education:
Experience:
- Cost Accounting Standards: 9 years (Required)
Work Location: In person
