Assistant Manager Costing
Genix Pharma Pvt. Ltd.
Total years of experience :10 years, 5 Months
• Responsible for maintenance of standard cost of all products and materials including fixed overhead rate and developed a procedure for accurate overhead allocation. Identify and provide suggestions for reduction in costs.
• Preparing new product cost sheets and their feasibility in terms of volume, margin, pricing, expenditure and discounts.
• Responsible for monthly and year to date variance analysis with respect to gross margins, yield analysis, inventory analysis, wastages, factory overheads and marketing expenses
• Report Expiry & Near Expiry of FG and Materials for onward action of management
• Identifying the diference between standard and actual costing and also preparing the variance report for further analysis
• Preparation of Brand Wise Profitability, Monthly selling profit, Industry Pack Analysis
• To ensure correct recording of expense GL before monthly closing activity
• Expense analysis and its justification with detailed reasoning in comparison with Budget
• SAP master data creation of all types of Inventory and non-inventory items in SAP ERP
• Maintain Customer, Vendor & Manufacturer accounts in SAP
• Close coordination with IT department for the preparation and development of new reports and controls in ERP
• Preparation of COGS valuation for External Auditors
• Monthly settlement of Maintenance Orders and coordinate with Engineering Team for
resolution of issues (if any)
• Maintain department wise master Budget file for Capex and Opex with proper justification of spending
• Prepare GP analysis and compare with last year actual and budget results and highlight variation with proper reasons.
• Preparation of Budgeted cost sheets
• Any other assignment delegated by supervisor.
WORK EXPEREINCE
Record in the accounting system newly acquired fixed assets and those disposed. Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects. Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger. Perform depreciation calculation for all fixed assets. Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets. Assign tag numbers to fixed assets. Preparation of Management Accounts and reviewing and analyzing financial stats, data, and reports. Preparation of Overhead and per pack cost. Preparation of departmental expenses and check with budget and actual Preparation of Sales analysis with unit and value growth, Actual vs budget and vs LY.
Accounts Payable
• To check and post entries of Accounts Payable vouchers and Employees' reimbursable expenses in SUN system.
• Ensuring all expenses are approved as per approval flow before payments are disbursed to the employees through XMS (Expenses Report Management System).
• Coordination with regional team (GFS) for timely payment processing.
• Coordinate with bank and vendors for P2P related matters.
• Respond to vendor queries and prepare vendor reconciliation.
• Preparation of schedules and coordinate with the auditors.
• Prepare purchase order accrual on monthly basis and prepare its reconciliation.
• Coordinate with regional team for processing of online payments. Taxation
• Calculation of sales tax and income tax withholding as per prescribed laws on supplier's bill.
• Check whether the company is filer and non-filer before calculation of withholding tax.
• Reconciliations of monthly sales Tax payable appearing on sales tax return with ledger balance in SUN system.
• Prepare monthly Sales tax withholding certificates and then forwarded to Vendors on monthly basis.
• Managing income tax challans and dispatch to vendors on the request. Banking
• Prepare Bank Reconciliations within three days of the closing month and making adjusting entries for reconciling items.
• Preparing cash flow and update position to line manager and close monitor its fluctuations.
• Explore and identify timing of investment when surplus cash is available in daily cash position (DCP) and assist for investing with the best available rate. Accounts Receivables
• Preparing bank receipt vouchers for non-sales including scrape sales and refunds from employees given against advances and loans.
• Review of distributors claim, and issue debit note and preparing sales report and analysis. Audit & Compliance
• Review transactions with respect to compliance of company policies including MAPP (My Anti-Corruption Policy and Procedures) and T&E (Travel & Entertainment).
• Verification of employee expense reports as suggested by approvers.
• Assist Business Unit Lead for review pf process of Patient Access Program Project namely Maseeha and verify distributor claims related to Maseeha from audit and compliance perspective as part of business.
• Support in maintaining internal controls in function and monitor adherence through verification process.
• Highlight risk findings areas and suggest (wherever possible) with reactive and proactive approach.
• Identify areas of improvement in systems and/or processes to increase eficiency and strengthen efectiveness. Statutory, GL & Budget
• Assist with and support annual statutory audit processes, including preparation of supporting schedules and documentation.
• Assist in the analysis and reconciliation of financial activity recorded to the general ledger in a timely manner to facilitate monthly and quarterly financial reporting for the entities.
• Analysis of financial statement of the entity also preparation of sales analysis, GAAP reporting including other disclosure requirement, coordination with GFS - Dalian in GL and other matters on financial services centralization.
• Preparations of budgets, periodical variance analysis, & periodical reporting.
• Coordinate with the team for printing of quarterly, half yearly and annual accounts of listed company.
• Preparation and analysis of finance expenses and its comparison with LE and OP. Insurance
• Assist in negotiation with Insurance companies for minimum insurance premium rate to arrange insurance for all assets.
• Verify settled insurance claims to determine that payments and settlements have been made as per the market value.
• Reconciling Fixed Assets Register with insurance company's provided data.
• Ensuring insurance claims received are properly and recorded in system with the proper concerned employees' department.
• Review and ensure renewal of insurance policies on yearly basis near to year end. Monthly Scheduling Tasks
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