The Head of Costing is responsible for overseeing and optimizing the cost management function across Sun Global Pharmaceutical Operations (Formulations + API). This role involves Global Product Costing, Budgeting & Standard Cost setting , Transfer pricing , Controls through Variance Analysis and providing Strategic and financial insights to enhance profitability and efficiency. The ideal candidate will have a strong experience in pharmaceuticals costing, supply chain finance and compliance with industry regulations.
Areas of Responsibility
Manage Global Costing Systems and Processes across Sun Supply Network with an objective to standardize and provide effective support to Business.
Partnering cost improvement programs as a part of product Life cycle Management.
Work closely with Procurement, Manufacturing and Supply Chain to monitor and support cost reduction initiatives.
Annual/ Periodic Standard Cost setting in coordination with procurement , production and finance teams.
Collaborate with market and finance teams to support Pricing strategies , Profitability analysis and Gross Margin improvements.
Support Transfer Pricing and Intercompany profit elimination
Global Inventory Policies and Procedures. Ensure accuracy and transparency in Inventory valuations.
Conduct cost-benefit analysis for New product introduction and R&D projects.
Administers SAP/ERP costing modules (Material Ledger, Costing and Master data integrity etc.). Leverage systems to automate and enhance costing processes.
Interface with auditors, regulatory bodies and tax authorities on cost related matters.
Key Skills:
Strong Knowledge of SAP (CO module)
Excellent Analytical , Problem Solving and Leadership Skill.
Ability to manage cross functional teams and drive cost optimization initiatives.
Strong Communication and Stakeholder management skills