Assistant Manager - Manufacturing / SBU Finance (BFG)

Umedica Laboratories Private Limited · Mumbai, India

Position Title: Assistant Manager – Manufacturing & SBU Finance (BFG)

Reporting To: Head – Business Finance (BFG)

Qualification & Experience:

• CA / CMA – Inter / Qualified CMA preferred.
• 4–7 years of relevant experience in manufacturing finance, plant controlling, business finance, FP&A, commercial finance, or pharmaceutical finance .
• Experience in Pharmaceutical / API / Formulation / Manufacturing industry preferred.
• Strong working knowledge of SAP FI/CO, MS Excel, MIS and financial modelling .

Purpose of the Role:

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.

Key Deliverables:

• Accurate and timely manufacturing, R&D and SBU budgets and forecasts .
• Effective manufacturing cost and overhead control.
• Detailed product/customer/country/SBU profitability analysis .
• Pricing and margin improvement insights.
• Capacity utilization and idle-cost analysis.
• Inventory and working capital optimization.
• Accurate management MIS and variance reporting.
• Effective financial business partnering with plant and commercial teams.
• Improved cost efficiency and overall business profitability.

Key Competencies:

• Strong Manufacturing & Business Finance expertise.
• Budgeting, forecasting and FP&A capabilities.
• Strong understanding of plant costing and cost accounting .
• Commercial finance and profitability analysis.
• Pricing and margin management.
• Inventory and working capital management.
• Strong analytical and financial modelling skills.
• SAP FI/CO and advanced MS Excel proficiency.
• Excellent MIS and management presentation skills.
• Strong stakeholder management and business partnering abilities.
• Problem-solving and decision-making skills.
• Ability to work effectively with cross-functional teams.