Team Leader - Costing

The position is responsible for manufacturing costing, standard costing, and production variance analysis. Oversees cost control, budgeting, COGS forecasting, financial reporting, and manufacturing cost optimization. Key Responsibilities: - Review and analyze technical operations-related expenses, compare them against the budget, and assess any variances along with their root causes. - Review and validate production orders, ensuring accurate allocation of raw materials, labour, and manufacturing overhead costs. - Analyze production variances (material, labour, yield, scrap, and overhead), identify root causes, and coordinate corrective actions with Production, Supply Chain, and Finance teams. - Monitor manufacturing performance and prepare variance reports highlighting key cost drivers, operational inefficiencies, and cost-saving opportunities. - Support product costing activities, including standard costing, cost estimates, and cost sheets for new and existing products. - Lead monthly costing close activities, production cost allocation, and manufacturing account reconciliations. - Maintain and improve costing methodologies, allocation bases, and cost control procedures to ensure accuracy and transparency. - Collaborate with cross-functional teams to investigate cost deviations and production inefficiencies. - Support annual budgeting, standard cost updates, and COGS forecasting processes. - Develop dashboards and analytical reports to support management decision-making on profitability and operational performance. - Support internal and external audits by providing accurate costing data, reconciliations, and supporting documentation. - Participate in ERP and costing system enhancement initiatives to improve efficiency, data accuracy, and reporting capabilities. - Ensure compliance with costing policies, procedures, and internal controls across manufacturing operations. What We're Looking For: - Professional certification such as CMA, CIMA, or an equivalent qualification is highly preferred. - Strong experience in pharmaceutical manufacturing costing and financial analysis. - Solid understanding of standard costing, inventory valuation, and variance analysis. - Experience working with SAP ERP systems is preferable. - Strong analytical, communication, and stakeholder management skills. - Leadership experience with the ability to drive collaboration across departments.