Team Member - FP&A (Manufacturing and Quality)

Division

Finance

Department

Operations Finance

Sub Department 1

Manufacturing Finance

Job Purpose

Provide end to end finance support across manufacturing units by driving the overall budgeting and review processes, monitoring department wise spend, identifying deviations and providing cost reduction recommendations, partner in various strategic projects to enable adherence to opex budget and drive continuous improvement.

Key Accountabilities (1/5)

1.Opex analysis and reporting

• Engage with all manufacturing units (Cipla India + India Subsidiaries) to report on operating expenses variance across units (30+ units – formulation & API) and provide necessary inputs for top management reviews
• Reporting on Opex Variance for Manufacturing (~Rs. 600 cr), Admin (~Rs. 120 cr) on monthly basis for India based Mfg units
• Prepare LE in consultation with Site Finance Heads to give insights about future costs to Management on quarterly basis.
• Prepare Profitability analysis (Site level, Unit Level, dosage level),
• Prepare Review deck for TLT & other leadership forums to discuss overall performance including opex, production, CI initiatives, etc.
• Detailed Analysis of all opex heads and work on cost per 1000 to drive cost optimization.
• Discuss and review with central operations / FP&A teams monthly on budget adherence

Key Accountabilities (2/5)

2.Prepare the annual budget for the manufacturing units and review of expenses

• Drive annual budgeting exercise for operating expenses across plants
• Partner with site finance team to prepare and consolidate annual Opex Budget for Manufacturing, Admin at Cost center (dept) & expense level in line with production plan, site operations schedule and corporate guidance.
• Evaluate, Approve & recommend Purchase Request approvals as per DOA to keep control & governance on budget for all central functions

• For better Budget Control several other activities to be undertaken like PO reviews, discussion with stake holders to establish need for expense, etc.

Key Accountabilities (3/5)

3.Identify and support cost reduction initiatives across manufacturing to optimize the overall cost

• Drive cost reduction activities across the manufacturing section by monitoring cost reduction KPIs, and through internal and external benchmarking
• Review the Cost saving ideas and support to approve the same.
• Analyse the OEE reports on monthly basis unit wise dosage wise and give insights on improvement levers
• Support Operational Excellence teams in various projects from time to time and help in driving closure of projects

Key Accountabilities (4/5)

4.Partner in Several Strategic, cost and other initiatives

• Partner to Mfg team in several strategic projects including network optimization, automation, etc
• Benchmarking of Expenses between Locations, identifying the cost drivers and working on optimisation of costs.
• Report on Cost per 1000 units/per Ton and identify reasons for increase or decrease.
• Make V/s Buy decision – Identify products for in sourcing to ensure better capacity utilisation and overhead allocation.        
• Review impact of product transfer between own manufacturing units
• Drive automation of financial reports to reduce reporting time and improve business velocity

Key Accountabilities (5/5)

5.People development & management

• Ensure implementation and compliance with HR policies and procedures,
• Engage in soft skill development initiative based on the individual need

Major Challenges

• Stakeholder Management in Budget adherence for Compliance
• Product Transfer – Alignment with Business and Operations team
• Getting work done through multiple stakeholder and ensure timely and accurate reporting

Key Interactions (1/2)

INTERNAL

• Site Teams
• IT / SAP Team
• Corporate Accounting
• Costing
• Central Mfg Team

Key Interactions (2/2)

EXTERNAL

• Consultants
• Auditors

Key Decisions (1/2)

DECISONS

• Approve PR within DOA limits after detailed analysis
• Decisions on process harmonization & monthly timelines roll out; as well as automation projects

Key Decisions (2/2)

RECOMMENDATIONS

• Recommend cost saving ideas / projects for implementation
• Recommend new insights on data analysis
• Recommend spend approvals to managers falling outside own limit

Education Qualification

Qualified CA / MBA

Relevant Work Experience

• 2-5 years of experience in Finance.
• Experience in manufacturing operations is an additional plus