plz help me out..i have to make a presentation on job scope for finance proffesionals in pharma sector...
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The pharmaceutical industry in India is among the most highly organized sectors. This industry plays an important role in promoting and sustaining development in the field of global medicine. Due to the presence of low cost manufacturing facilities, educated and skilled manpower and cheap labor force among others, the industry is set to scale new heights in the fields of production, development, manufacturing and research. In 2008, the domestic pharma market in India was expected to be US$ 10.76 billion and this is likely to increase at a compound annual growth rate of 9.9 per cent until 2010 and subsequently at 9.5 per cent till the year 2015.

Globally, India ranks third in terms of manufacturing pharma products by volume

The Indian pharmaceutical industry is expected to grow at a rate of 9.9 % till 2010 and after that 9.5 % till 2015

The Indian vaccine market which was worth US$665 million in 2007-08 is growing at a rate of more than 20%

The retail pharmaceutical market in India is expected to cross US$ 12-13 billion by 2012.

For a Finance Professional, a great growing future for a strong sector like pharma is sure.

Looking to the higher economy and foreign earnings the finance professional are likely to play major role in future.

The profile may do like following responsibilities

Monthly MIS related Activities.

Profitability and trend Analysis of Regulated Business & Non Regulated Business.

Preparation of Monthly Cost sheet & Profit review.

Analysis of Direct cost and fixed Cost.

Variance analysis of actual performance with budgeted to identify the reasons for variation.

Preparation of monthly profit & Loss a/c.

Preparation of monthly cash flow & Capital Employed.

Product KPI monitoring.

Assigned product’s CA & CL analysis & Coordination.

Budget Related Activities.

Manufacturing budget monitoring & development.

Preparation of Annual Budgets which includes Sales Budget, Variable Cost & Fixed Cost Budget and Working Capital Budget .

Preparation of Budgeted Cash Flow and Capital Employed.

Policy Renewal, Claim Lodging, Preparation of Monthly Insurance Declaration etc.

Preparation of Cost Audit Para’s and Others Audit Schedules.

Vendor reconciliation.

Project Evaluation.

Regards,

Gaurav Arora
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