Piramal Group is a global business conglomerate with diverse interests in pharma, financial services and real estate. The Group has offices in over 30 countries and a global brand presence in more than 100 markets, and operates with over 10,000 people worldwide from 21 diverse nationalities.
Piramal Critical Care (PCC), under Piramal Pharma Limited (PPL), a subsidiary of Piramal Enterprises Limited, is the third largest producer of Inhaled Anaesthetics and a global player in hospital generics. Motivated by its vision to deliver critical care solutions for patients and healthcare providers across the globe, PCC is committed to enabling sustainable and profitable growth for all its stakeholders.
PCC maintains a wide presence across the USA, Europe and more than 100 countries across the globe. Its rich product portfolio includes Inhalation Anaesthetics such as Sevoflurane, Isoflurane and Halothane as well as Intrathecal Baclofen therapy, for spasticity management. PCC has wholly-owned, state-of-the-art manufacturing facilities in the US and India that have successfully cleared periodical inspections by the US FDA, UK MHRA and other regulators.
VACANCY DETAILS :-
POST NAME - Controller Cost Accounting
QUALIFICATION - CMA
EXPERIENCE - 5 To 10 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
This role will focus on development of product cost, analysis of cost drivers, reporting of cost-based profitability reports and actively participate in negotiating cost / supply price with vendor-partners as well as business development initiatives.
Product costing
•Arriving at product costs for each product pack for internally manufactured products
•Track on a periodic basis costs of products manufactured internally and at CMO’s
•Prepare variation analysis of actual product costs vs budget
•Evaluate cost optimization ideas
Manufacturing overhead allocation
•Ensuring that sites periodically refresh activity rates to align standard costing with actual costs (including BOM refresh)
Purchase price variance
•Collaborate with Supply Chain to review Purchase price variance (PPV).
•Keeping track of spot contracts vs long-term contracts and assisting in analyzing the impact of each approach.
Cost saving projects
•Act as administrator of “Cost Improvement Program” and employee recognition process.
•Participate and collaborate in cost saving initiatives to improve cost structure.
•Preparation of productivity workshop tracker and releasing updates on the progress of each initiative, highlighting hurdles in implementation.
•Assist in yield improvement projects and monitoring yield on a periodic basis.
Cost Audit
•Assisting in providing necessary information to cost auditors for completion of cost audit.
•Participating in cost audit discussions and ensuring smooth completion of cost audit
Inventory Valuation / reporting / Monitoring
•Collaborating with Finance controllers and IT team to ensure a monthly refresh of inventory Qlik dashboard.
•Actively participate in inventory management programs and collaborate with cross functional team to avoid inventory write-offs/provisions
Partnering with other functions
•Collaborate with manufacturing/ operations team, supply chain team and other functions to assist them in financial information necessary to understand cost elements and inventory data.
Financial planning and analysis
•Collaborating with various stakeholders to arrive at product cost inputs for budget and long-range planning.
•provide financial insights and recommendations to support decision-making and thereby drive profitable growth
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