UMEDICA is a part of the Amoli Group of Companies, manufacturing and exporting a wide range of formulations viz; Injectables, Tablets, Capsules, Suspensions, Dry Syrups, etc. UMEDICA offers a diverse product portfolio with a patient-centric approach comprising of antibiotics, anti-diabetics, anti-hyperlipidemic, anti-hypertensives, non-steroidal anti-inflammatory (NSAIDs), analgesics, antifungal, anti-malarial, antihistaminics, psychotropic, diuretics, anti-hypertensives, drugs for sexual dysfunction and multivitamins etc.
UMEDICA's manufacturing facility, located in Vapi, Gujarat is a WHO GMP approved, US FDA, EU, Health Canada, TGA & UAE MoH approved facility. The facility has also been audited and approved by Regulatory authorities of various countries viz. USA, EU, Australia, Canada, UAE, Zimbabwe, Ethiopia, Tanzania, Nigeria, Uganda, Kenya, Ghana, Ivory Coast, Malawi etc.
To provide comprehensive financial support and business partnering to manufacturing operations, R&D and SBUs, with responsibility for budgeting, forecasting, cost control, profitability analysis, inventory and working capital management, pricing/margin analysis, and management reporting.
The role will partner with manufacturing, commercial, sales, marketing, R&D and business leadership teams to drive cost efficiency, profitability improvement and informed financial decision-making.
Key Responsibilities:
1. Budgeting & Forecasting:
- Lead annual budgeting and periodic forecasting for manufacturing plants, R&D and assigned SBUs.
- Develop cost, revenue and profitability projections.
- Monitor key financial assumptions and business drivers.
- Coordinate with plant and business leadership to ensure realistic and actionable budgets.
- Conduct scenario planning and sensitivity analysis.
2. Manufacturing Cost Control:
- Analyze Budget vs. Actual performance across manufacturing operations.
- Review production cost trends and identify cost optimization opportunities.
- Analyze manufacturing overheads, including:
- Repairs & Maintenance
- Consumables
- Manpower Costs
- Utilities
- Other Plant Expenses
- Prepare and review detailed utility and manufacturing cost MIS.
- Drive accountability for cost control across functions.
3. Capacity Utilization & Idle Cost Analysis:
- Monitor plant capacity utilization and operational efficiency.
- Calculate and report idle capacity costs and under-absorption of overheads.
- Identify operational inefficiencies impacting product cost and profitability.
- Provide financial insights for capacity and resource optimization.
4. Inventory & Working Capital Management:
- Monitor inventory levels, ageing, slow-moving/non-moving inventory and inventory turns.
- Review inventory valuation and provisioning requirements.
- Support initiatives for inventory optimization and working capital improvement.
- Analyze inventory-related financial impact on business profitability.
5. SBU & Business Performance Analysis:
- Analyze business performance by product, customer, geography, country and SBU.
- Monitor revenue, volume, gross margin, contribution margin and profitability trends.
- Prepare actionable financial insights for business leadership.
- Support monthly business reviews and management presentations.
6. Pricing & Margin Management:
- Analyze product-wise and market-wise pricing trends.
- Monitor gross margin and contribution margin movements.
- Support pricing decisions and profitability improvement initiatives.
- Evaluate the financial impact of pricing, volume, product mix and cost changes.
7. Profitability Analysis:
- Prepare customer-wise, country-wise, product-wise and SBU-wise profitability analysis.
- Identify key profitability drivers and improvement opportunities.
- Support product portfolio optimization.
- Conduct financial evaluation of new products, customers and markets.
8. Selling & Marketing Cost Management:
- Monitor selling and marketing expenditure against approved budgets.
- Conduct Budget vs. Actual analysis.
- Identify cost optimization opportunities while supporting business growth.
- Provide financial insights to sales and marketing teams.
9. R&D Cost Monitoring:
- Track project-wise R&D expenditure.
- Monitor R&D budgets and utilization.
- Allocate costs to relevant projects/business segments.
- Support project profitability and investment analysis.
10. Fixed Assets, Capex & SAP:
- Ensure accurate capitalization of fixed assets in SAP.
- Review depreciation accounting and related controls.
- Monitor Capex against approved budgets.
- Support post-investment reviews and assess financial returns on major investments.
- Ensure accuracy and integrity of relevant SAP FI/CO transactions and reports.
11. Management Reporting & MIS:
- Prepare monthly Manufacturing, SBU and Business Finance MIS.
- Develop dashboards and management reports covering:
- Revenue & Volume
- Manufacturing Cost
- Gross & Contribution Margin
- Inventory & Working Capital
- Capacity Utilization
- Overheads
- Selling & Marketing Expenses
- SBU Profitability
- Provide variance analysis and actionable recommendations to management.
- Support monthly/quarterly business review presentations.
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