Loughrea

About Chanelle Pharma
Chanelle Pharma is Ireland’s largest manufacturer of generic pharmaceuticals for human and animal health. Chanelle Pharma employs more than 700 people in Ireland, the UK, Portugal and Jordan. Headquartered in Loughrea Ireland, its four manufacturing and five R&D facilities all operate to the highest regulatory standards. Its global supply chain and distribution network exports to over 80 countries. In February 2024, Chanelle Pharma was acquired by Exponent PE, a leading European private equity firm.
The Opportunity
The Finance Operations Partner is responsible for overseeing the management accounting function and team within Chanelle Pharma’s Finance department. This role involves analysing financial data, maintaining accurate cost information, ensuring effective cost control, and working closely with various departments such as production, supply chain and finance to support cost-efficient operations. The Manager will also play a key role in financial planning, budgeting, and reporting, providing critical insights to improve profitability and operational efficiency.
Key Responsibilities
Cost Accounting Management

• Oversee and manage the cost accounting functions including standard costing, inventory valuation, and cost variance analysis.
• Maintain and update the cost accounting system to ensure accurate and timely financial data for decision-making.
• Prepare monthly, quarterly, and annual cost reports for management review.

Cost Analysis & Reporting

• Conduct detailed analysis of production costs, overheads, and other cost drivers.
• Provide management with timely reports on cost trends, product profitability, and operational performance.
• Implement and monitor key performance indicators (KPIs) related to cost management and operational efficiency.
• Analyse variances between budgeted and actual costs and identify key drivers of discrepancies.
• Collaborate with department heads to monitor and control cost expenditures.

Process Improvement

• Identify opportunities for cost reduction, process improvements, and increased efficiency.
• Lead initiatives to improve the cost accounting systems, reporting processes, and data accuracy.
• Collaborate with IT and finance teams to automate and streamline cost accounting functions.

Team Leadership

• Manage and mentor the cost accounting team, providing guidance and development opportunities.
• Foster a culture of continuous improvement, accountability, and collaboration.
• Coordinate cross-functional efforts to optimize cost management strategies across departments.

Additional

• Assist in the preparation of annual budgets, rolling forecasts, and long-term financial plans.
• Ensure accurate and efficient inventory valuation, including standard costs and actual costs of goods sold.

Qualifications, Skills & Experience

• Bachelor’s degree in accounting, Finance,
• Qualified ACA/CPA, CIMA or ACCA,
• 5+ years of experience in cost accounting or financial analysis and managing a team preferably in a GMP manufacturing or production environment.
• Ability to lead and work effectively with cross-functional teams
• Strong knowledge of cost accounting principles, including standard costing, activity-based costing, and variance analysis.
• Proficient in financial management software (ERP systems, SAP, Oracle, etc.).
• Advanced Excel skills and familiarity with data analysis tools.
• Excellent analytical, problem-solving, and communication skills.
• Strong attention to detail and accuracy.
• Ability to work under pressure and meet tight deadlines.
• Strategic thinking with the ability to translate data into actionable insights.
• Leadership and team management skills essential.
• Ability to deliver results through others.

Key Responsibilities:
Cost Accounting Management:

• Oversee and manage the cost accounting functions including standard costing, inventory valuation, and cost variance analysis.
• Maintain and update the cost accounting system to ensure accurate and timely financial data for decision-making.
• Prepare monthly, quarterly, and annual cost reports for management review.

Cost Analysis & Reporting:

• Conduct detailed analysis of production costs, overheads, and other cost drivers.
• Provide management with timely reports on cost trends, product profitability, and operational performance.
• Implement and monitor key performance indicators (KPIs) related to cost management and operational efficiency.
• Analyse variances between budgeted and actual costs and identify key drivers of discrepancies.
• Collaborate with department heads to monitor and control cost expenditures.

Process Improvement:

• Identify opportunities for cost reduction, process improvements, and increased efficiency.
• Lead initiatives to improve the cost accounting systems, reporting processes, and data accuracy.
• Collaborate with IT and finance teams to automate and streamline cost accounting functions.

Team Leadership:

• Manage and mentor the cost accounting team, providing guidance and development opportunities.
• Foster a culture of continuous improvement, accountability, and collaboration.
• Coordinate cross-functional efforts to optimize cost management strategies across departments.

Other:

• Assist in the preparation of annual budgets, rolling forecasts, and long-term financial plans.
• Ensure accurate and efficient inventory valuation, including standard costs and actual costs of goods sold.

Competencies:

• Strong attention to detail and accuracy.
• Ability to work under pressure and meet tight deadlines.
• Strategic thinking with the ability to translate data into actionable insights.
• Leadership and team management skills essential.
• Ability to deliver results through others.

Qualifications:

• Bachelor’s degree in accounting, Finance,
• Qualified ACA/CPA, CIMA or ACCA,
• 5+ years of experience in cost accounting or financial analysis and managing a team preferably in a GMP manufacturing or production environment.
• Ability to lead and work effectively with cross-functional teams
• Strong knowledge of cost accounting principles, including standard costing, activity-based costing, and variance analysis.
• Proficient in financial management software (ERP systems, SAP, Oracle, etc.).
• Advanced Excel skills and familiarity with data analysis tools.
• Excellent analytical, problem-solving, and communication skills.