Finance Associate Manager/Manager, Plant BP

Main Responsibilities

A. Product Costing Management

• Develop, maintain, and review standard costs for all pharmaceutical products (formulations, APIs, intermediates) including raw materials, packaging, labor, and overheads.
• Conduct annual standard cost roll-ups and periodic re-costing aligned with material price updates, BOM revisions, and process changes.
• Perform variance analysis (material, labor, overhead – price, usage, volume, mix) and provide actionable insights to operations.
• Support new product costing and financial feasibility assessments for NPI (New Product Introduction) / technology transfers.
• Ensure accurate cost allocation across product lines, cost centers, and production blocks.

B. Factory Finance Business Partnering

• Act as the primary finance partner to the Plant Head, Production, Engineering, Supply Chain, and Warehouse teams.
• Translate financial data into business insights to support operational decision-making.
• Lead monthly performance reviews (MOR/MBR) with plant leadership, presenting financial results, KPIs, and improvement opportunities.
• Challenge and support functional heads on budget adherence, cost reduction initiatives, and capital expenditure proposals.
• Drive a culture of cost consciousness and financial accountability on the shop floor.

C. Budgeting, Forecasting & Financial Planning

• Lead the annual operating budget (AOP) preparation for the factory, including production costs, overheads, and capex.
• Prepare and own monthly/quarterly rolling forecasts, variance analysis, and bridge commentary.
• Manage the capital expenditure (Capex) process – from proposal evaluation and ROI/payback analysis to post-implementation review.
• Support transfer pricing computations and inter-company cost settlements where applicable.

D. Cost Control & Optimization

• Identify and drive cost reduction and productivity improvement programs (e.g., yield improvement, waste reduction, energy optimization, procurement savings).
• Monitor and control inventory levels – raw materials, WIP, finished goods – and highlight slow-moving/obsolete stock.
• Ensure proper inventory valuation (FIFO/weighted average) and periodic physical verification / reconciliation.
• Track and report on Key Cost KPIs: Cost per unit, COGM, COGS, conversion cost, yield, OEE impact, etc.

E. Compliance, Audit & Internal Controls

• Ensure compliance with SOX / internal control frameworks relevant to manufacturing finance processes.
• Support internal and statutory audits, providing necessary documentation and explanations.
• Maintain robust financial processes and SOPs aligned with GMP, GDP, and corporate governance requirements.
• Ensure proper capitalization and fixed asset accounting for plant assets.

F. Systems & Process Excellence

• Leverage ERP systems, and BI tools for costing, reporting, and analytics.
• Drive automation and digitalization of finance processes (e.g., automated variance reports, dashboards).
• Ensure master data integrity – cost centers, BOMs, and routing & etc. in the ERP.

Qualifications：

• Bachelor's degree or above in Finance, Accounting, or related disciplines

• 5–8 years working experience with manufacturing cost controlling and plant finance business partnering in relevant industry (pharmaceutical preferred); experience in standard costing and variance analysis is compulsory

• Analytic thinking; excellent in Excel and ERP systems; SAP or Oracle (CO/MM/PP module) is preferred

• Strong business acumen with the ability to translate operational data into financial insights; project management skills, effective communication and push for result before due date

• Have strong sense of responsibility and strong ability to multi-task and work under pressure

• High efficient and quality driven

• Proficient in English, both verbal and written

• CPA, CMA, or other equivalent certification is a plus