Glenmark Pharmaceuticals Ltd. (GPL) is a research-driven, global, integrated pharmaceutical company headquartered at Mumbai, India. It is ranked among the top 80 Pharma & Biotech companies of the world in terms of revenue (SCRIP 100 Rankings published in the year 2019). Glenmark is present across the pharmaceutical value chain and registers a revenue of more than 1.5 billion dollars. The company has a presence in over 80 countries globally, employing more than 14,000 employees across 50 nationalities. Glenmark has state-of-the-art research centres present across India to cater to patients needs. Glenmark has manufacturing facilities spread across India, Czech Republic, Argentina and USA.
VACANCY DETAILS :-
POST NAME - Assistant Manager Finance
QUALIFICATION - CA/CMA
EXPERIENCE - 2 To 5 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
- To track monthly material price variance & its impact on overall operations Financials. Key Materials driving the variance
- Track prices of key Excipients, APIs & Starting materials driving these prices to Benchmark and Cost Comparison Analysis with Market
- Need to review Pos issued or under approval wrt Budget/forecasts and raise early alerts for any deviation.
- Track and Monitor AVD Opportunities for progress and its savings kick-in to project LRP View
- Actively drive Gross Margin Improvement Initiatives through identification of key cost drivers across Geographies. Work on the key cost drivers with procurement to arrive at possible cost reduction opportunities. Drive implementation of these opportunities through Cross-Functional Calls & Meetings
- Decisions on sourcing in terms of In-house vs External, Strategic Buys (Risk vs Opportunity Evaluation)
- Co-ordinate with different stakeholders like R&D, Packing, Packing Development & Planning to ensure implementation of Cost Saving Initiatives + Minimising Transit inventory destruction
- Alert businesses on increases or decreases in key Raw Material/Packing Material costs thereby giving them a heads up for necessary volume/pricing decisions
- Benchmark key cost drivers of clean sheet costs & shadow costs for top traded products to challenge status quo on costs, identify possible opportunity to negotiate
- Build Forecasts on material cost savings for quarter & year in material consumption to give a view on material cost impact on overall P&L
- Look for Opportunities to improve the Process Effectiveness and improvements
- Leading annual Budgeting & Forecasting of Procurement related KPIs from Finance
- Drive Monthly Business Review for Procurement Function from Finance
- Constantly improve on the Working capital , driving thru analytics and persuade Purchase team for improved payment terms
- Handle internal & statutory auditors related to Procurement/Material costs & GCs
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