At Hikma we put better health within reach, every day in more than 50 countries around the world. For more than 40 years, we've been creating high-quality medicines and making them accessible to the people who need them. Headquartered in the UK, we are a global company with a local presence across the United States (US), the Middle East and North Africa (MENA) and Europe, and we use our unique insight and expertise to transform cutting-edge science into innovative solutions that transform people's lives. We're committed to our customers, and the people they care for, and by thinking creatively and acting practically, we provide them with a broad range of branded and non-branded generic medicines. Together, our 8,600 colleagues are helping to shape a healthier world that enriches all our communities. We are a leading licensing partner, and through our venture capital arm, are helping bring innovative health technologies to people around the world. For more info Disclaimer: EMPLOYMENT RECRUITMENT FRAUD ALERT Please be advised that the Hikma Pharmaceuticals Group does not ask its employees or prospective employees to wire any money either to its bank accounts or to any third party, and does not conduct employment interviews via any social media platform, Google Hangouts, Yahoo! Messenger, text message, or e-mail. Unfortunately, employment scams are increasingly common and it is important to remain vigilant when conducting a job search. For more information about these scams, see the UK National Fraud Intelligence Bureau's website and the US Better Business Bureau's article on the subject. If you receive a request to send money through any means or a request for personal information from anyone claiming to be a Hikma recruiter, DO NOT REPLY. Instead, please forward the communication(s) to us at [Confidential Information] so that we may provide it to relevant law enforcement agencies, as appropriate.
Website
http://www.hikma.com
Costing Function:
- Provide leadership and direction to the Costing Department, ensuring precision and timeliness in all costing operations.
- Lead the development and continuous improvement of standard cost models covering materials, labour, and machinery to enhance cost accuracy and control.
- Preparing Feasibility Studies for Challenging Items and Assess Tender Opportunities.
- Manage, Design and implement Activity-Based Costing (ABC) systems, improving cost allocation and internal transparency.
- On a monthly basis, Manage conducting the material ledger (ML) process to reflect the actual cost on SAP.
- Evaluating the adequacy of cost accounting systems, policies, and procedures in reference to cost accounting.
- Analysing the changes in product design, raw materials, manufacturing methods or services provided to determine effects on cost.
- Analysing the 3 types of variances, price variance, consumption variance and overhead variance, and recommending changes.
- Analysing the over(under) applied OH amount.
- Analysing the profitability of hikma's products and providing advice, suggestions, and guidance in order to reduce the cost.
- Review and enhance cost accounting policies and systems, aligning them with internal controls and best practices.
Inventory Control Function
- Overseeing the inventory levels and analysing the variances between the actual and standard inventory cost to decrease the gap between them.
- On monthly basis, tracking the slow-moving inventory and LCM provisions and conducting meetings with the related departments to control the provisions levels.
- Interpreting and reporting the rate change impact on inventories.
- Managing the physical count process for inventory and fixed assets.
Fixed Assets Function
- Manage fixed asset tracking, capitalization, and disposals in accordance with company and accounting policies.
Policies, Processes & Procedures
Participates in the development and recommends improvement on Costing department policies, and procedures, and manages the implementation to ensure all relevant procedural/legislative requirements are fulfilled
People Management
Manages the effective achievement of Costing departmental objectives through setting individual targets, developing and motivating staff to maximize subordinate performance.
Continuous Improvement
Stimulates subordinates and contributes to the identification of opportunities for continuous improvement of systems, processes and practices considering international best practice, improvement of business processes, cost reduction and productivity improvement.
Reporting
Manages the preparation of timely and accurate reports to meet company and department requirements, policies, and standards.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field (CMA, or equivalent certification is a plus).
- 8-10 years of progressive accounting experience, with at least 2 years in a managerial capacity.
- Strong analytical, organizational, and leadership skills.
- Excellent communication skills and ability to work cross-functionally.
- Industry experience in pharmaceuticals organizations.
- Experience with multinational organizations.
- SAP user experience is a must.
- Demonstrated ability to drive process improvements and cost efficiencies.
