Job Description
Please replace the description/guidelines/examples and insert comments relevant to the role.
PurposeTo provide financial insights and analytical support to business operations by driving performance metrics, evaluating commercial decisions, preparing budgets and forecasts, and partnering with cross-functional teams to enhance profitability and cost efficiency. The role will focus on delivering high-quality financial analysis, business partnering, and reporting to support strategic and operational decisions.
Position / Job TitleAssistant Manager Commercial FinanceDepartmentFinanceReporting ToSM/AGM Commercial FinanceLocationThaneYears of Experience2-4Job Responsibilities / Deliverables
- KPI Management: Drive and monitor business KPIs across functions including Supply Chain, R&D, Manufacturing, and Commercial teams. Identify performance gaps and collaborate on improvement actions.
- Business Proposal Evaluation: Evaluate financial viability of new business proposals for different geography, R&D projects cost evaluation, Capex proposal at R&D center or plant etc.
- CMO Operations: Monthly / quarterly reconciliation of CMO inventory and invoice verification for P2P cost details and yield monitoring + recovery for yield differences and failed batches. Inventory control & annual reconciliation for input price movements.
- Budgeting & Forecasting: Lead the annual budgeting and monthly forecasting process in collaboration with department heads. Plant level, cost driver wise zero base budgeting and monitoring the cost at cost driver level.
- Cost Optimization: Partner with operations to identify cost-saving opportunities at plant for yield, CMO cost, R&D project cost MOQs, Freight savings, Procurement efficiency etc., track benefits of these initiatives, and validate cost reduction plans proposed by user departments.
- Business Partnering: Work closely with cross-functional teams (Supply Chain, R&D, Manufacturing/Plant, and Commercial) for financial support in vendor selection, vendor recoveries for quality issues / other rejections, commercial negotiations, Inventory obsolesce minimisation with close coordination with planning as well as procurement, Inventory days holding monitoring, operational efficiency tracking with cost details etc.
- MIS & Reporting: Prepare and deliver timely and insightful management reports, dashboards, variance analysis, and commentary to drive decision-making.
- Strategic Projects: Support key strategic projects including automation of different business process within SAP or with different tools, and implementation of financial controls within ERP.
Qualifications & Pre-Requisites
- Chartered Accountant
- Strong analytical and data interpretation skills
- Advanced proficiency in Excel, ERP systems (SAP/Oracle), and reporting tools (Power BI, Tableau preferred)
- Excellent communication and interpersonal skills to influence cross-functional stakeholders
- Demonstrated ability to manage multiple priorities and deliver results under pressure
- Experience of working in Pharma /Manufacturing
- Exposure to global business operations or multi-plant environments would be an advantage
Additional Notes
- May involve travelling to plant
- Exposure to global business operations or multi-plant environments would be an advantage
