Costing

About V.S. International Private Limited (VSI)

Established in 1997, VSI is a globally focused pharmaceutical company with a growing presence across Africa, Southeast Asia, the Middle East, and Latin America. Operating across branded generics and contract manufacturing, the company is building a diversified and scalable business model.

Our EU-GMP-approved OSD facility in Daman, with accreditations from leading global regulators, supports an annual capacity of 3 billion tablets and 300 million capsules reflecting our strong manufacturing and compliance backbone.

Driven by a robust R&D pipeline and capabilities in complex formulations and advanced drug delivery systems, VSI is focused on expanding its footprint in regulated and semi-regulated markets while strengthening strategic partnerships globally.

Role Purpose

To lead the organisations product costing, cost analysis and cost-control function, with a focus on accurate product profitability assessment, export pricing support, procurement cost analysis and identification of opportunities for cost optimisation.

Key Responsibilities & Tasks

1. Product Costing & Cost Analysis

• Prepare and maintain product-wise and batch-wise costing covering Raw Materials (RM), Packing Materials (PM), analytical/testing costs, labour and applicable manufacturing overheads.
• Review and finalise product costs periodically based on current purchase prices, manufacturing costs and other relevant cost drivers.
• Ensure costing is updated regularly to reflect changes in RM/PM prices, labour costs, utilities, freight and other manufacturing expenses.
• Analyse product cost trends and identify significant cost movements.
• Identify opportunities for cost reduction and optimisation and recommend corrective measures to management.
• Provide costing inputs for new products, contract manufacturing and other business opportunities.

2. Inventory Valuation & Cost Review

• Carry out monthly valuation of Raw Materials, Packing Materials, WIP and Finished Goods in accordance with applicable accounting and costing principles.
• Review inventory valuation methodologies and ensure appropriate allocation of relevant costs.
• Conduct ABC analysis of inventory and provide relevant analysis to management.
• Review non-moving/slow-moving inventory and highlight potential financial and operational implications.
• Coordinate with Stores, Production and Finance teams to ensure accuracy of inventory and costing data.

3. MIS & Product Profitability Analysis

• Prepare monthly product-wise contribution and profitability analysis.
• Rank products based on contribution/margin and highlight key products requiring management attention.
• Analyse product-wise cost and contribution trends and identify opportunities for improving margins.
• Provide costing-related MIS and analytical reports to the CFO and Management.
• Support management with relevant costing information for business and pricing decisions.

4. Drug Pricing, Tender & International Business Support

• Provide costing and pricing support for domestic and international tenders, B2B business and export opportunities.
• Prepare detailed cost build-ups and profitability analysis for proposed business.
• Assist in determining appropriate pricing based on product cost, target margins, freight, duties and other applicable commercial factors.
• Provide costing inputs required for international filings and commercial submissions.
• Evaluate the cost and profitability implications of new export markets, customers and products.

5. Purchase Pricing & Vendor Cost Analysis

• Prepare comparative cost analysis of RM and PM sourced from different vendors.
• Analyse vendor-wise purchase prices and identify opportunities for procurement cost optimisation.
• Monitor significant changes in RM/PM prices and assess their impact on product costing and profitability.
• Analyse local and international freight costs and evaluate their impact on overall landed cost.

6. Cost Control & Continuous Improvement

• Monitor key manufacturing cost components and identify areas of cost escalation.
• Conduct periodic cost variance analysis between standard/estimated and actual costs.
• Work closely with Production, Purchase, Quality, Stores and Finance teams to identify and address cost inefficiencies.
• Develop and strengthen costing systems, processes and MIS for improved management visibility.