Finance Business Partner – Factory

Jamjoom Pharma has in a very short span of time emerged, as one of the leading pharmaceutical companies in the Afrasia region. The geographical focus of the company is on countries in the Middle East, Africa, and CIS regions. Strategic focus on selected therapeutic categories has contributed to the rapid growth, market acceptance, and overall success of the company.

Role Summary:

The Finance Business Partner for Factory Operations plays a crucial role in bridging the gap between financial strategy and the operational aspects of a manufacturing facility. This role involves a deep understanding of financial principles, cost analysis, and collaborative efforts with various departments to optimize financial performance within the factory.   

Responsibilities:

-Assist GMO:

• Develop and issue various financial analysis reports related to factory operations.
• Conduct in-depth analysis of material purchasing, focusing on cost drivers and trends.
• Analyze and report on purchase price variances to identify areas of improvement.
• Generate regular reports to facilitate informed decision-making by the factory management.

-Financial Analysis:

• Monitor, Analyze, and report on customs and demurrage charges affecting the factory's overheads.
• Collaborate with relevant stakeholders to optimize processes and reduce associated costs.
• Collaborate with plant managers and operational teams to understand business needs.

-Factory Overhead Analysis:

• Analysis of factory overhead costs, ensuring accurate allocation and identification of cost-saving opportunities.
• Provide insights into areas where operational efficiencies can be achieved.

-Budgeting and Forecasting:

• Support the budgeting and forecasting processes for the factory.
• Provide financial insights to assist in decision-making and resource allocation.

-Cost Saving Initiatives:

• Identify and lead cost-saving initiatives within the factory operations.
• Collaborate with cross-functional teams to implement efficiency improvements.

-Financial Reporting:

• Prepare and present reports to management, highlighting key performance indicators and variances.
• Ensure timely and accurate reporting aligned with organizational standards.

-Cross-functional Collaboration:

• Work closely with different departments to understand their financial needs and provide support.
• Collaborate with business partners to align financial strategies with overall business objectives.

Qualifications:

• Bachelor’s degree in Finance and must have MBA, CFA, CPA, CMA, ACCA, CA etc. 
• A minimum of 5-6 years of experience in the same field.
• Minimum 2 – 3 Years working experience in Costing.
• Experience in financial analysis, preferably in a manufacturing.
• SAP ERP System experience is a plus.
• Strong understanding of cost accounting principles and advanced proficiency in financial modelling and MS Excel.
• Strong Communication Skills Fluency in English & Arabic.
• Excellent analytical skills along with the ability to create and present detailed reports.