​ 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 ​ 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:
• Solid 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.

📌 Associate Manager (India)
🏢 IOL Chemicals and Pharmaceuticals
📍 India