Amgen

Senior Associate Finance - Standard Costing Ops Finance

Amgen  •  Hyderabad, IN (Onsite)  •  22 days ago
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Job Description

Career Category

Finance

In this vital role, you will support the Operations Finance team, with a primary focus on standard costing execution and analysis across Amgen’s manufacturing network. You will work closely with global stakeholders and play a key role in ensuring accurate product costing, inventory valuation, and variance analysis.

Key responsibilities include but are not limited to:

  • Support the end‑to‑end standard costing process, including preparation, system updates, and validation of standard costs
  • Maintain and update standard costs in SAP S/4Hana (including material, BOM, routing, and overhead components)
  • Perform monthly costing-related variance analysis (standard vs actual), including PPV, usage, and overhead variances
  • Support inventory accounting activities, including inventory valuation, reconciliations, and roll‑forwards
  • Assist with absorption testing, excess capacity analysis, and related reporting
  • Prepare and review journal entries, account reconciliations, and supporting schedules related to inventory and costing
  • Support audit requirements, in collaboration with Cost Accounting
  • Partner with Operations, Supply Chain, and Global Finance teams to resolve costing issues and data gaps
  • Support S/4HANA system enhancements, testing, and data validation related to costing and inventory
  • Participate in continuous improvement and automation initiatives within costing and inventory processes

What we expect of you

We are all different, yet we all use our unique contributions to serve patients. The professional we seek is a detail‑oriented finance individual with these qualifications:

Basic Qualifications

  • Bachelor’s degree in Finance, Accounting, or related field
  • Minimum 5 years of experience in cost accounting, inventory accounting, or manufacturing finance
  • Hands‑on experience with standard costing and variance analysis in a complex manufacturing environment
  • Experience working with SAP (S/4HANA preferred)
  • Fluency in English

Preferred Qualifications

  • CA / CMA / CPA or MBA (Finance)
  • Experience in pharmaceutical, biotech, or manufacturing environments
  • Strong understanding of inventory accounting and US GAAP
  • Advanced Excel skills; experience with automation or reporting tools is a plus
  • Strong analytical, communication, and stakeholder‑management skills
  • Ability to work effectively in a global, matrixed environment
Amgen

About Amgen

Amgen harnesses the best of biology and technology to fight the world’s toughest diseases, and make people’s lives easier, fuller and longer. We helped establish the biotechnology industry, and we remain on the cutting-edge of innovation, using technology and human genetic data to push beyond what’s known today. Our investment in research and development has yielded a robust pipeline that builds on our existing portfolio of medicines to treat cancer, heart disease, osteoporosis, inflammatory diseases and rare diseases.

Amgen is one of 30 companies comprising the Dow Jones Industrial Average®, and part of the Nasdaq-100 Index®. In 2024, Amgen was named one of the “World’s Most Innovative Companies” by Fast Company and one of “America’s Best Large Employers” by Forbes.

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Industry
Biotech & Life Sciences
Company Size
10,000+ employees
Headquarters
Thousand Oaks, CA
Year Founded
1980
Website
amgen.com
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