Associate Manager

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IOL CHEMICALS AND PHARMACEUTICALS LIMITED

JOB DESCRIPTION

POSITION TITLE : Associate Manager
LOCATION : Ludhiana

DEPARTMENT : Accounts & Finance
SUB- DEPTT : Financial Planning & Data Analysis

JOB TYPE : Full time
Job Req ID : 2602

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Job Role: The Associate Manager - MIS & Costing will be responsible for preparing, analyzing, and maintaining management information reports and product costing data for IOL Chemicals and Pharmaceuticals Ltd. at Ludhiana. The role will support business decision-making through accurate cost analysis, budget monitoring, variance reporting, inventory valuation support, and timely MIS reporting to leadership.

Job Responsibilities:

• Prepare periodic MIS reports related to production, sales, inventory, consumption, costing, profitability, and key business performance indicators.

• Prepare and analyze product costing, process costing, batch costing, and cost sheets for pharmaceutical and chemical products.

• Monitor actual costs against standard costs, budgets, and forecasts, and prepare detailed variance analysis with explanations.

• Support monthly closing activities by coordinating with Finance, Production, Stores, Purchase, and other departments for accurate cost and operational data.

• Assist in inventory valuation, material consumption analysis, yield analysis, process loss tracking, and reconciliation of production and inventory records.

• Prepare profitability analysis by product, customer, business segment, and plant as required by management.

• Coordinate for preparation of annual budgets, cost estimates, forecasts, and cost control reports.

• Assist in cost audit activities by preparing required costing records, schedules, reconciliations, and supporting data for internal and statutory cost audit requirements.

• Ensure accuracy, consistency, and timely submission of MIS and costing reports, and perform other related activities assigned from time to time.

Qualifications:

• MBA Finance / CMA.

• Working knowledge of cost accounting, inventory accounting, budgeting, variance analysis, and MIS reporting.

• Exposure to manufacturing, pharmaceutical, chemical, or process industry costing will be preferred.

• Proficiency in advanced MS Excel and working knowledge of SAP systems is desirable.

Experience: 8-10 years of relevant experience in MIS, costing, cost accounting, plant finance, or manufacturing finance, preferably in pharmaceutical, chemical, API, or process manufacturing industry.

Skills and Competencies:

• Strong analytical ability with attention to detail and accuracy in reporting.

• Good knowledge of costing principles, MIS preparation, budgeting, and variance analysis.

• Proficiency in MS Office, especially advanced Excel; knowledge of SAP and data analysis tools will be an added advantage.