Economist (operational controlling) in Farmak

Farmak has been creating modern medicines for a century and has been the leader of the Ukrainian pharmaceutical market since 2010. For this, we have equipped the production with the most modern and fully automated equipment, we use only high-quality raw materials from Europe and other countries, and we strictly adhere to international GMP quality standards. Our products are sold in more than 60 countries. We do not stop and constantly move forward, developing the pharmaceutical industry of Ukraine and the world.

At Farmak people always come first. We are regularly recognized as the best employers in the industry by independent rating publications of Ukraine. Almost 3,000 of the best professionals have chosen us as an employer. 

We are currently looking for a Production Economist (Operational Controlling) in the Finance Director Service.  

Purpose of the position
Ensure high-quality calculation and financial evaluation of new products and R&D projects (TEO - technical and economic justification), cost calculation for new products, support decision-making regarding investments, their payback and impact on the company's profitability, as well as develop operational and investment controlling in production.

Main duties include:

1. Calculation of the feasibility study of new products and R&D projects

• Calculation of the complete SEO (P&L) project based on input data from project managers;
• Evaluate the payback of projects by calculating PP, NPV,DCF,ROI + scenarios;
• Validation of marketing references, commercial costs, development and research costs (R&D), CAPEX, calculation of direct COGS based on norms and technical standards. processes.

2. Communication and support of projects

• Constant interaction with R&D project managers and other stakeholders;
• Conducting meetings for stakeholders regarding the results of feasibility studies and our financial recommendations;
• Preparation of final calculations for submitting projects to GPMB (Global Project Management Board).
• Update of investment data for each project based on the results of feasibility studies in the "Horizon" file/model.

3. Post-audit analysis of the effectiveness of investments (post-audit)

• Conducting a retrospective Plan-fact analysis of the feasibility study / P&L of previously launched projects;
• Participation in the project on the analysis of the effectiveness of investments in R&D

4. Cost of new products or other forms and dosages

• Calculation of production cost of new products on the basis of standards, recipes and technical processes (for different scenarios / sites).
• Preparation of additional calculations and ad-hoc calculations within the functionality of operational controlling.

5. Automation and development of analytics

• Participation in the automation of TEO, costing and analytics calculation processes (tabular models, templates, Power Query).
• If possible, participation in the construction of solutions in BI-systems (Qlik Sense / View, Power BI, etc.) for TEO, investment control and post-analysis projects.

Candidate requirements

• Higher education (finance, economics and entrepreneurship, accounting and auditing or related areas).
• 1+ years of experience in the areas of: financial analysis / investment analysis / controlling / FP&A (preferably in a manufacturing or pharmaceutical company).
• Experience in financial modeling: P&L, cash-flow, NPV/IRR/ROI.
• A confident user of Excel (formulas, pivot tables, preferably Power Query / Power Pivot); experience with BI-tools (Qlik Sense) will be a plus.
• Understanding the principles of cost of production, CAPEX/OPEX, the basics of management accounting.
• Analytical thinking, attention to detail, the ability to ask questions of data and "challenge" assumptions.
• Developed communication and presentation skills skills, willingness to hold meetings with different functions (R&D, production, marketing, finance, top management).
• Knowledge of English at a level sufficient to work with internal documentation and presentations (will be an advantage).

We offer

• Official employment in a stable company - the leader of the pharmaceutical market of Ukraine.
• Opportunity to join the development of the management accounting function.
• Medical insurance for employees (with the possibility of insuring family members at corporate rates).
• Constant internal and external training from the best Ukrainian and foreign trainers.
• Paid vacation and sick leave.

Work schedule: Mon-Fri 08:00-17:00, Fri 08:00-16:00 (and in the summer season until 15:00)

Join the team of professionals today - send your resume. If your experience meets the requirements of the position, we will definitely call you to discuss the details. Otherwise, we will keep your resume in reserve until a suitable vacancy appears. 

Ready to try? Send your resume - v.zabolotna@farmak.ua

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