Senior Cost Accountant - Pharmaceutical Diagnostics

Overview

Senior Cost Accountant responsible for overseeing financial processes, reporting, forecasting and accounting activities impacting the Pharmaceutical Diagnostics (PDx) Cost of Goods Sold (COGS).

What you'll do

• Own and maintain standard costs for materials, labor, and manufacturing overhead.
• Oversee the calculation and reporting of product manufacturing costs.
• Analyze Cost of Goods Sold (COGS), reconciling Balance Sheet and P&L movements with operational drivers and external factors, including foreign exchange impacts.
• Ensure accurate US GAAP DISE (Disaggregation of Income Statement Expenses) reporting related to COGS.
• Partner closely with manufacturing and supply chain teams to ensure costing accuracy and integrity.
• Compare actual costs against budgets and standards in alignment with monthly Integrated Supply Chain (ISC) forecasting and closing cycles.
• Own the end-to-end Purchase Price Variance (PPV) and First-In, First-Out (FIFO) processes, including forecasting, reporting, and analysis.
• Investigate material, labor, and overhead variances and identify root causes.
• Identify cost-saving opportunities and areas of operational improvement.
• Support annual operating plans, budgets, and periodic forecasts.
• Forecast future production and operating costs.
• Provide financial insights and recommendations to support strategic planning activities.
• Assess product profitability and support pricing decisions in collaboration with FP&A.
• Perform cost-benefit analyses for investments and projects in partnership with ISC Operations and Strategy Finance.
• Support make-versus-buy, sourcing, and operational decision-making.
• Support business transformations, acquisitions, divestitures, and the integration of new businesses and legal entities.
• Provide leadership in establishing standard work and driving process simplification initiatives.
• Lead projects aimed at reducing complexity, improving controls, and increasing operational efficiency.

What you'll need

• Demonstrated experience in manufacturing cost accounting, including standard costing, inventory valuation, variance analysis, COGS reporting, and product costing within a manufacturing environment.
• Qualified ACA, CIMA, or ACCA, or Master's degree in Accounting, Finance, or a related business field.
• Minimum 15 years of progressive accounting or finance experience.
• Significant experience in manufacturing cost accounting.
• Strong knowledge of product costing, standard costing, inventory accounting, COGS analysis, Purchase Price Variance (PPV), First-In, First-Out (FIFO), and variance reporting within a manufacturing environment.
• Experience partnering with manufacturing, supply chain, and operations teams.

Nice to have

• Significant experience in public accounting, ideally within a Big Four accounting firm.
• Demonstrated proficiency in US GAAP, local GAAP, and authoritative accounting standards.
• Experience supporting manufacturing operations within a global, matrixed organization.
• Excellent collaboration and interpersonal skills.
• Proven ability to build strong relationships with finance and non-finance stakeholders.
• Strong verbal and written communication skills, with the ability to communicate complex business topics clearly and concisely.
• Strong analytical skills with the ability to connect financial results to operational performance drivers, generate alternatives, and drive positive change.
• Strong systems aptitude, including experience with SAP S/4HANA and reporting tools.
• Demonstrated success leading cross-functional initiatives and process improvements.
• Adaptable and comfortable working in a changing environment.
• Strong integrity and commitment to high ethical standards.
• Strong influencing and stakeholder management skills.
• Experience working effectively in a matrix organization.
• Self-starter with a demonstrated ability to learn quickly and meet deadlines.
• Strong experience with internal controls, including Sarbanes-Oxley (SOX) compliance.
• Exceptional attention to detail.
• Ability to work comfortably at both highly detailed and executive-summary levels.

Details

• Location: Bengaluru, India (Kalyani Platina, Magnolia).
• Relocation assistance: not provided.