Hire for Costing Head – BDR Pharma Purpose To provide accurate and strategic costing & pricing support for pharmaceutical products by developing robust costing models, monitoring product profitability, and supporting pricing decisions across domestic and international markets. The role involves collaborating with cross-functional teams (Manufacturing, SCM, R&D, and Commercial) to ensure competitive pricing strategies, margin optimization, and compliance with regulatory requirements. Position / Job Title Costing Head Department Finance Industry Experience Manufacturing / Pharma Location Mumbai Years of Experience 3-8+ Years Job Responsibilities / Deliverables  Product Costing: Develop and maintain product costing models. Ensure accurate valuation of RM/PM, WIP, and finished goods.  Set up systems and processes for the costing function, this includes the full range of Cost Accounting activities  Prepare and provide analysis of cost variance  Work closely with Supply Chain to provide them with support relating to cost related matters  Forecast and budgeting for Product Controllers  Pricing Strategy: Support business teams in intercompany transfer price, pricing of products for domestic & export markets, tenders, and new launches; evaluate forex, duties, and logistics impact on pricing.  Profitability Analysis: Conduct margin and contribution analysis at product, market, and customer level. Provide insights for decision-making and margin improvement.  Business Partnering: Work with R&D, Manufacturing, SCM, and Regulatory to estimate costs for new product development and commercialization.  Budgeting & Forecasting: Assist in cost budgets, variance analysis, and forecast updates; support long-range planning for cost efficiency.  MIS & Reporting: Prepare dashboards and reports for costing and pricing; enhance automation for faster, accurate insights.  Ad-hoc Analysis: Perform scenario modelling, sensitivity analysis, and support business case evaluations. Qualifications & Pre Requisites  Cost Accountant (CMA)  Strong knowledge of product costing, transfer pricing, and pharma pricing frameworks  Proficiency in SAP, advanced Excel & financial modeling  Analytical and detail-oriented with ability to provide actionable insights  Good communication and stakeholder management skills  Prior experience in Pharma or Manufacturing is mandatory  Participates in the coordination & preparation of plants’ operating forecasts vs Actual.