Division
FinanceDepartment
Operations FinanceSub Department 1
CostingJob Purpose
Ensure accurate costing, price analysis, and cost improvement by collaborating with operations and business units to support pricing decisions and enable business development opportunities.Key Accountabilities (1/6)
Facilitate Business Development & Business Finance team regarding product costing to enable better pricing to decision & participate in Cost Reduction Projects to reduce cost of identified high revenue generating products to have better profitability.

Partner with Respective business team to support with analyzed COGS for effective business decisions.
Partner with cross functional teams for cost optimization projects for high revenue contributor products and monitoring of last year's product included in cost reduction project to make sure current formulation is delivered as per the expectation.
Key Accountabilities (2/6)
Enable first time right costing to ensure accuracy in costing activities and assist in routine Formulations activities.





Check for use of any alternative code or substitutes and changes in BOM if any, as and when noticed or when request is received from BU. Confirm batch size based on actuals and compare with standard to check for major variances if any, on a timely basis.
Own API SPK checks for any changes based on actual consumption should be undertaken on a timely basis to ensure the realistic cost.
Recipe validations should be undertaken on a regular basis for top SKU’s having major impact at every location.
Key Accountabilities (3/6)
Develop system & process control to achieve 100% accuracy in costing for correct pricing decision

Analysis of Monthly Standard vs Actual cost variance to minimize difference between Standard & Actual Cost.
Review master data frequently to ensure correct costing & cross check MAP with latest procurement price.
Review frequently the actual yield and revised standard cost accordingly.
Interact with plants to develop awareness ab

📌 Sr. Team Member (Maharashtra)
🏢 Cipla
📍 Maharashtra