Costing Role

6 hours ago

Bengaluru Karnataka India, Karnataka Biocon Biologics Full time

At Biocon Biologics, we are creating a model for the future of healthcare for all. We are a leading company in the biosimilars revolution where patients come first. Our ambition is to impact a billion lives and we do this by fostering a culture of affordable innovation, patient centricity and disruptive thinking. We are a multicultural global company where employees have a purpose and passion to work closely with partners and patients. We have proven end to end expertise in the field of biosimilars, from its development, manufacturing, clinical development, regulatory approvals to commercialization. We have a long-term commitment to bring high quality affordable biosimilars to patients all over the globe.


About the Role:


The Costing Role at Biocon Biologics is a key position within the Finance function, responsible for ensuring accurate product costing, cost control, and financial analysis to support business decisions. This role involves close collaboration with manufacturing, operations, and supply chain teams to monitor production costs, analyze variances, and identify opportunities for cost optimization.


Responsibilities –


  • Release standard cost in system and monitor actual product cost.
  • Monitor operational expenses and variance analyses vs. budget.
  • Monitor operation performance and prepare monthly MIS on operation performance.
  • Support to prepare annual budget and forecast.
  • Closely work with operations team, evaluate, and monitor cost optimization initiatives.
  • Prepare statutory schedules/annexures/quantitative details.
  • Support for cost audit, statutory audit.
  • Independently handle the Inventory valuation
  • ML Run and reconciliation inventory dump with financial (GL)
  • Inventory valuation for BBL Entity and finalize the JV in system


Skills Required –


  • Proficient at working with multiple data sets.
  • Detail oriented and analytical though process.
  • Strong grasp on SAP FICO, CO modules and MS office tools


Qualification and Experience

  • Cost Accountant from ICWA will be preferred.
  • Minimum 5 years of experience in costing and financial analysis within the pharmaceutical manufacturing industry.

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