plz help me out..i have to make a presentation on job scope for finance proffesionals in pharma sector...
From India, Mumbai
Acknowledge(0)
Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
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 a 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 percent until 2010 and subsequently at 9.5 percent 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, finance professionals are likely to play a major role in the future.
The profile may include the 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 account.
- 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 include 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 paras and other audit schedules.
- Vendor reconciliation.
- Project evaluation.
Regards,
Gaurav Arora
From India, Kota
Acknowledge(0)Amend(0)
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, finance professionals are likely to play a major role in the future.
The profile may include the 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 account.
- 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 include 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 paras and other audit schedules.
- Vendor reconciliation.
- Project evaluation.
Regards,
Gaurav Arora
From India, Kota
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
H.R.Manager - Job Chart.doc
Job Description HR-IR Manager.pdf