Financial Accountant

Division

Department

Sub Department 1

Job Purpose

• Ensure timely & accurate financial reporting and compliance with all statutory requirements. Support the business in implementing financials controls. Liaise with diverse functions across the organisation & externally with partners to deliver the desired results and help the management take informed business decisions in a timely manner

Key Accountabilities (1/6)

Manage all Controllership, accounting, banking and financial reporting activities

• Overall end to end Finance governance, Monthly, Quarterly and Annual closing of the Legal entity.
• Submission of Financial statements, templates, analytics, eliminations and other closing related information to Regional and Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process.
• Review the financials monthly and deep dive into major variances and errors in accounting
• Ensure Intercompany transactions accounting and reconciliation with India and regional team.
• Help to standardise formats and reconciliations on a timely basis
• Manage all banking transactions and optimise the payments process wherever required

Key Accountabilities (2/6)

Controls, Compliance & Simplification

• Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors
• Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies
• Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations.
• Ensure no repeat Audit queries and ensure the overall controls on area of responsibility

• Training employees and collaborating with other departments to streamline processes on compliance standards
• Ensuring adherence to company policies and regulatory
• Responsibilities may include auditing expense reports, monitoring compliance with travel policies, identifying discrepancies, and implementing corrective actions.
• Ensure compliance to all legal commitments as per commercial contracts

Key Accountabilities (3/6)

Assistance in closing / monitoring of financial statements for management reporting and statutory compliances

• Preparation and Monitoring of  monthly, quarterly, and annual standalone financial statements.
• Preparation of monthly, quarterly, and annual income statement and variance analysis.
• Co-ordination with global for completion of consolidation
• Finalization of inter-company elimination for proper group consolidation
• Review of balance sheet on quarterly basis and variance analysis
• Ensure disclosures are complete, accurate and are of high quality

Key Accountabilities (4/6)

Liaise and resolve audit queries to achieve full compliance and nil repeat observations

• Liaise with internal/statutory auditors, engage in discussions, and respond to close out their queries as and when received.
• Coordinate with multiple stakeholders to facilitate Audit submissions and review.

Key Accountabilities (5/6)

Identify, drive and lead opportunities on automation & simplification

• Take initiative to contribute towards simplification of processes.
• Identify and drive the changes in existing systems and bring on automation opportunities to enhance the quality and optimize timelines

Key Accountabilities (6/6)

Ad hoc projects from time to time

• Participate in special projects and initiatives as assigned.
• Collaborate across departments to support ad hoc business needs and strategic objectives.
• Adapt to evolving priorities by effectively managing ad hoc tasks alongside routine responsibilities

Major Challenges

•  Prioritization of tasks and multitasking
•  Quick decision making while ensuring it has no adverse business impact
•  Effective stakeholder management (internal & external)
•  Dependence on country team for inputs or data
•  Adjust working hours as per the country time zone as and when required.

Key Interactions (1/2)

• Site Leadership Team
• Site Operations Team
• Global & Regional Accounting, Treasury and Tax team
• Global & Regional FP&A Team
• Global Operations Finance Team (SCM, Capex, Manufacturing, Costing)
• SAP Team
• FSS Team
• Internal & External Auditors

Key Interactions (2/2)

Dimensions (1/2)

• Building strong controls across operational expenses management and ensure compliance with it in terms of right approval matrix & budget control.
• Understand overall SA business (Revenue: R6.5 billion) and its dependency on the manufacturing units

Dimensions (2/2)

Key Decisions (1/2)

Key Decisions (2/2)

Education Qualification

Qualified Chartered Accountant

Relevant Work Experience

Minimum of 1-3 years relevant experience in Controllership and Business Finance with proficiency in MS office & SAP, good interpersonal skills and understanding of pharma business landscape (preferred). Understanding of Ind AS, FEMA and Tax laws is mandatory