Job Title:
Financial Cost Specialist
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Role Summary:
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Channelling excellence in financial performance is a key pillar in driving business growth. As a Financial Cost Specialist, you will play a pivotal role in developing and maintaining detailed cost models for pharmaceutical products.
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Key Responsibilities:
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* Collaborate with accounting teams to prepare and maintain detailed cost models for various pharmaceutical products, including manufactured, third-party, and part-processed items.
* Develop in-depth knowledge of pharmaceutical products, production processes, and associated cost factors across both medical and veterinary lines.
* Liaise with subject matter experts (SMEs) across departments to gather essential data and validate assumptions for cost models related to R&D and contract manufacturing.
* Monitor fluctuations in cost drivers and assess their financial impact on product portfolios.
* Perform standard cost updates on a periodic basis.
* Conduct monthly reviews of supplier pricing trends and material cost of sales.
* Analyse direct labour and overhead costs in detail to support operational and financial decision-making.
* Manage inventory reporting and reconciliation; work cross-functionally to optimize stock management and assess metrics such as ageing and stock turnover.
* Participate in regular cycle counts and the annual stock count process.
* Support the budgeting and monthly forecasting cycles by providing accurate cost and variance analysis.
* Proactively improve financial systems, processes, and procedures to enhance productivity and data quality.
* Commit to continuous financial development and expanding business knowledge.
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Requirements:
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* Qualified or Part-Qualified Accountant (CIMA, ACA, ACCA).
* Minimum of 2 years' industry experience, preferably within a GMP-regulated environment.
* Strong analytical and problem-solving skills with an aptitude for interpreting complex data.
* Proficient in financial reporting and cost modelling.
* Excellent communication and interpersonal skills for effective collaboration across departments.
* Well-developed organisational abilities with the capacity to manage competing priorities.
* Flexible and supportive team player with a proactive mindset.
* Quick learner with the ability to grasp new concepts and systems efficiently.
* Commercially aware, with the ability to anticipate issues, evaluate outcomes, and recommend strategic solutions.
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Benefits:
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Applicants from diverse backgrounds are encouraged to apply. We value varied experiences and are committed to fostering an inclusive environment that supports individuals with disabilities.