
Chief Cost Efficiency Specialist
2 hours ago
Ozone Pharmaceuticals Ltd. is a leading pharmaceutical company with a strong presence in domestic and international markets.
This role focuses on driving cost efficiency, ensuring profitability, and supporting decision-making at both operational and strategic levels.
- Key Responsibilities:
- Prepare product-wise profitability analysis and gross margin reports by analyzing financial data.
- Develop monthly cost sheets, standard costing, and inventory valuations to ensure accurate financial reporting.
- Analyze manufacturing costs and compare actual costs with standard costs to identify areas for improvement.
- Collect and analyze historical cost data for budgeting and forecasting purposes.
- Financial Reporting & MIS:
- Manage the monthly, quarterly, half-yearly, and annual financial closing processes to ensure timely and accurate financial statements.
- Prepare and analyze Management Information System (MIS) reports to support management decision-making.
- Ensure accurate reconciliations of accounts, journal entries, and balance sheets to maintain financial integrity.
- Coordinate with internal and statutory auditors and handle audit queries to ensure compliance with regulatory requirements.
- Audit & Compliance:
- Prepare cost audit reports as per the Cost Audit Report Rule, 2011, to ensure compliance with regulatory requirements.
- Maintain accurate and up-to-date cost records and ensure adherence to Cost Accounting Standards.
- Present a fair and true financial view of the company in compliance with regulatory requirements.
- Coordination & Support:
- Work closely with cross-functional teams to gather cost data and ensure seamless communication.
- Support management in planning, organizing, and scheduling project costs to ensure effective resource allocation.
- Interact with auditors, vendors, subcontractors, and team members to ensure financial accuracy and compliance.
- Assist in treasury management, payroll, accounts payable, and receivable functions to ensure efficient financial operations.
- Process Improvement:
- Evaluate financial data to identify areas for process improvement and recommend cost control measures.
- Support performance improvement initiatives to enhance financial efficiency and effectiveness.
- Provide insights on turnover, profitability, and expenditure to management to inform business decisions.
- CMA / ICWA qualified (or equivalent).
- 5-10 years of experience in costing, accounting, audit, and financial reporting.
- Strong knowledge of Cost Accounting Standards and Cost Audit requirements.
- Proficiency in financial software, SAP/ERP systems, and MS Excel.
- Excellent analytical, problem-solving, and communication skills.
- Ability to handle multiple priorities and meet strict deadlines.
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