Manager - Financial Analyst

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Division

Piramal Critical Care

Piramal Critical Care (PCC), a business unit of Piramal Pharma, is the fourth-largest producer of inhaled anesthetics and a global player in hospital generics. We are motivated by our vision of commitment to delivering critical care solutions for patients and healthcare providers across the globe while achieving sustainable and profitable growth for all the stakeholders.  

PCC maintains a wide presence across the US, Europe, and more than 100 countries across the globe. Its rich product portfolio includes Inhalation Anesthetics such as Sevoflurane, Isoflurane and Halothane as well as Intrathecal Baclofen therapy, for spasticity management.  

PCC has a strong manufacturing and process development experience with wholly-owned, state-of-the-art manufacturing facilities in the United States and India, inspected periodically by the US FDA and the UK MHRA and other regulators. The strategic locations of our facilities help us supply high-quality products around the world, timely at optimal costs. 

For more details, please visit https://www.piramalcriticalcare.com/global/ 

Job Title

Manager - Financial Analyst

Job Description

The role will drive performance in costing and supply chain finance across in-house manufactured, CMO, and third-party in-licensed products by ensuring robust product costing, inventory governance, material cost visibility, and actionable financial insights for decision-making. The position will partner closely with Supply Chain, Procurement, Operations, Plant Finance, and Corporate Finance to improve cost competitiveness, strengthen inventory discipline, support planning assumptions, and enhance reporting, controls, and system-enabled finance processes.

Business: Piramal Critical Care

Department: Business Development

Location: Kurla

Travel: Low

Reporting to: Chief Manager- Finance

Key Stakeholders
Manufacturing Sites, CMO / external manufacturing partners, Supply Chain, Procurement, Operations, Plant Finance Controller, Corporate Finance, Commercial Finance, SAP/IT Teams, and Senior Management, Audit Teams

Essential Qualification & Experience:

• CMA strongly preferred; CA / MBA Finance may also be considered.

• Minimum 5 years of relevant experience in costing, manufacturing finance, supply chain finance, or inventory finance, preferably in a pharmaceutical, manufacturing, or complex product environment.

• Strong hands-on experience in product costing, inventory accounting, variance analysis, and material cost analytics.

• Experience supporting in-house manufacturing as well as outsourced / CMO and third-party product models is preferred.

• Working knowledge of SAP costing, inventory, and planning-related processes is required.

• Strong Excel skills and experience with reporting / BI tools such as Qlik, Power BI, or similar tools preferred.

Key Responsibilities

Costing, Product Economics & Margin Visibility:

• Drive robust product costing across in-house, CMO, and third-party in-licensed products to improve cost visibility, margin understanding, and decision support.

• Analyze material, conversion, and sourcing cost movements to identify key drivers affecting product margins, standard costs, and profitability.

• Provide actionable insights on Purchase Price Variance, manufacturing cost movements, and sourcing changes to support cost control and business decision-making.

• Partner with Procurement, Supply Chain, and Operations to evaluate cost-saving opportunities, sourcing decisions, and cost optimization initiatives

Supply Chain Finance & Inventory Governance:

• Strengthen inventory visibility across raw materials, packing materials, WIP, and finished goods by delivering accurate and decision-useful reporting.

• Drive analysis of inventory aging, slow-moving and excess inventory, provisions, and NRV exposures to support timely management action and working capital improvement.

• Partner with supply chain teams to improve inventory discipline, stocking assumptions, and replenishment decisions across in-house, CMO, and in-licensed product portfolios.

• Ensure inventory-related financial reporting and reconciliations support strong control, transparency, and management visibility.

Planning, Forecasting & Cost Assumption Management:

• Drive material cost and supply chain finance inputs into budget, forecast, and long-range planning cycles with robust assumptions and supporting analysis.

• Ensure costing assumptions are current, aligned with sourcing and operational realities, and reflected accurately in planning models and management submissions.

• Support scenario analysis on material cost changes, sourcing shifts, inventory movements, and margin impact to improve planning quality and business preparedness.

Management Reporting, Dashboards & Business Insights:

• Deliver meaningful reporting on COGS, inventory, PPV, material cost trends, and supply chain finance performance with clear commentary on risks and opportunities.

• Enhance dashboards and analytics to improve visibility of cost drivers, inventory trends, provision exposure, and financial impact across product portfolios.

• Translate data into actionable insights for finance and business stakeholders, enabling faster intervention on cost leakages, margin erosion, and inventory risks.

Inventory Valuation & Process Improvement:

• Support the integrity of SAP costing and inventory data by ensuring key finance inputs, master data dependencies, and reporting outputs are reliable and aligned with business requirements.

• Review and update BOMs and activity / overhead absorption rates in coordination with Operations, Supply Chain, and Plant Finance to ensure standard costs and inventory valuation remain accurate.

• Perform periodic review of over- and under-absorption of manufacturing and overhead costs, identify underlying drivers, and support timely corrective actions to ensure accurate inventory valuation.

• Contribute to standard cost updates, cost roll processes, settlements and inventory accounting activities to maintain accurate product costing and period reporting.

• Drive process improvements and automation across costing, inventory reporting and supply chain finance analytics to reduce manual effort and improve control and scalability.

Controls, Compliance & Audit Support:

• Ensure costing and inventory processes are supported by strong documentation, reconciliations and review discipline to meet audit and control expectations.

• Support statutory, internal and cost audit requirements through timely, accurate and well-structured analysis and documentation.

• Strengthen governance across costing and inventory reporting by identifying control gaps, improving process discipline and supporting sustainable compliance.

Skills & Capabilities Required

• Strong ownership and accountability with the ability to independently drive analyses, reporting quality, and follow-through.

• Strong analytical and problem-solving capability with the ability to connect costing and inventory data to business decisions, identify cost drivers, and recommend practical actions.

• Effective business partnering and cross-functional collaboration skills across Supply Chain, Procurement, Operations, and Finance teams.

• Strong attention to detail combined with control orientation, governance discipline, and audit readiness.

• Process improvement mindset with focus on simplification, standardization, and automation of finance processes.

• Clear communication skills with the ability to present insights, risks, and recommendations in a concise and business-relevant manner.

• Ability to work with discipline under tight timelines while maintaining quality and responsiveness.

Success Measures

• Accuracy, timeliness, and decision usefulness of costing, PPV, COGS, and inventory reporting.

• Accuracy of inventory valuation through timely review and update of BOMs, activity rates, overhead absorption rates, and standard cost assumptions.

• Effectiveness of review and resolution of over- and under-absorption of manufacturing and overhead costs.

• Quality of insights provided on cost drivers, margin movements, inventory risks, and working capital opportunities.

• Improvement in visibility and control over inventory aging, provisions, NRV exposure, and stock discipline.

• Strength of planning assumptions and scenario analysis supporting budget and forecast cycles.

• Progress in dashboard enhancement, process simplification, and reporting automation.

• Quality and timeliness of audit support, reconciliations, and compliance documentation.