Sr. Team Member - Controlling

Division

Finance

Department

Commercial Finance

Sub Department

One India Business Generics

Job Purpose

The role is responsible to be Controller role for Cipla Pharma & Life Sciences which is a subsidiary of Cipla Limited The key objectives of this role is to maintain P&L and balance sheet hygiene for the entity of Cipla Pharma and Life sciences and ensuring system improvements and simplifications to achieve smooth operations.  To act as a strong support system for depots and business teams so as to ensure smooth billing and maintain good relationship with key stakeholders. To drive strong policy adherence to ensure operations are running in a compliant way.

Key Accountabilities (1/6)

1.Business Control and Financial review

• Accounts closing: Monthly Accounts closing by ensuring all the sales and expenses provision accounting and variance analysis.
• Schedule Hygiene: Timely review of balance sheet schedules and ensuring hygiene.
• Preparation of Financial Statements – Cash flow and Quarterly P&L and Balance sheet accurately in time bound manner.
• Preparation and review of standalone financial statements, management reports, and schedules supporting statutory reporting and consolidation requirements.
• Review of Profit & Loss, Balance Sheet, and Cash Flow positions to ensure accuracy, completeness, and transparency of financial reporting.
• Control Framework & Audit: Regular review and monitoring the control framework for CPLS.
• Manage and coordinate for timely completion of IB audit observations and ensuring no repeat audit points.
• Time to time review of IFC controls and ensuring proper check on the same.
• Monthly preparation of review deck for Controllers and give detailed picture to management.

Key Accountabilities (2/6)

2. Control and Compliances

• Ensuring controls and compliances from tax and other statutory areas.
• Ensuring timely preparation and review of business hygiene parameters, to provide management detailed view by highlighting improvements, exceptions etc.
• Time to time special rate data review and addressing exceptions if any.

3. Internal Controls, Risk Management & Audit

• Ownership of Internal Financial Controls (IFC) framework and ensuring operating effectiveness of key controls across finance and business processes.
• Identification, assessment, and mitigation of financial, operational, and compliance risks.
• Managing internal audits, statutory audits, tax audits, IFC testing, and other assurance reviews.
• Timely closure of audit observations and implementation of corrective and preventive actions.
• Strengthening governance processes and driving continuous improvements across finance operations.

Key Accountabilities (3/6)

4. Taxation & Regulatory Compliance

• GST, Direct Tax, Withholding Tax, and regulatory compliance management.
• Review of tax provisions, reconciliations, returns, TDS compliance and statutory filings.
• Coordination with tax advisors, auditors, and regulatory authorities during assessments and audits.
• Managing tax litigations, notices, assessments, and compliance-related matters.
• Ensuring adherence to evolving statutory and regulatory requirements.

Key Accountabilities (4/6)

5. Treasury, Working Capital & Cash Flow Management

• Monitoring cash flows, liquidity positions, and funding requirements.
• Treasury operations, banking relationships, and cash management oversight.
• Review of receivables ageing, advances, inventory balances, and payment governance.
• Driving working capital efficiency and supporting business cash-flow objectives.
• Monitoring financial exposures and ensuring appropriate financial risk controls.

6.DOA Simplification and implementation

• Revision in DOA to simplify the approval process and to further strengthen the controls.
• Ensuring smooth implementation of the same across functions and check on DOA adherence.

Key Accountabilities (5/6)

7. Partner to win

• CRM/ Market visits / Depot visit: Market /depot visit to understand the market practices / operations at depot.
• SAP stabilization, process improvement, and governance initiatives.
• Validation of financial transactions, inventory postings, master data governance, and system-enabled controls.
• User Acceptance Testing (UAT), controls validation, and finance process enhancements.
• Resolution of system-related finance issues affecting reporting, controls, and business continuity.

8.Simplification and Automation

• Driving adoption of standardised processes and strengthening automation-led control frameworks.
• Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies.
• NACH (National Automated clearing house).

Key Accountabilities (6/6)

9. Team Management

• Team handling skills.
• Develop/Upskill the team to improve the effectiveness & bring in more efficiencies in the processes.

Major Challenges

Managing dependency on multiple IT systems:

Overcome by- Support IT team in integrating all stand-alone systems and ensuring simplified process

Manage change:
Overcome by- Coordination amongs multiple stakeholders to ensure business operations in compliant way

Key Interactions (1/2)

INTERNAL:

• Distribution team, Depot teams (Daily basis) – For depot related activities and queries if any.
• Corporate team and FSS team (Monthly) – for book closure activities.
• Internal Audit team: For DOA finalisation, Audit closures, special rate audit.
• IT team (SD and FI )- For project basis IT support.
• Business Teams (Finance and Marketing): For provisions finalisation, special rate, inventory hygiene etc.
• Tax team: As and when required for various queries 

Key Interactions (2/2)

EXTERNAL:

• Stockists / Chemists: to gain business insights and to know market practices, For collection related discussions.
• Internal Audit team and special case auditors for audit status.
• External Auditors: for finalisation of statutory audit observations.
• External Vendors for IT projects like DSAS revamp, Customer connect.

Dimensions (1/2)

• Monthly Book closure for IB business
• Finalising Audit observations for various audits like IFC, Internal, Statutory audits and ensuring timely actions
• Interacting with Depots, Business teams, Accounts team on regular basis
• Interacting with Support functions (IT , FSS , Corporate accounts , Corporate Treasury, Legal and Compliance teams)
• Driving simplification Projects

Dimensions (2/2)

• Revenue Contribution - Rs 2000 cr
• Cost Spend Pools - Rs. 1200 Cr
• Management contribution – Rs 600 cr
• EBITDA – Rs 460 cr
• Inventory – Rs 600 crs
• Stockists – 6500
• Geography – All India – Sales Team: ~800
• Cross Function Interactions – Corporate accounts team, FSS team, IT team, Tax team, Distribution team, Business (Marketing and finance) teams, Legal etc.

Key Decisions (1/2)

Decisions:

• Finalisation of Standalone reports, tax filings, statutory requirements.

Key Decisions (2/2)

Recommendations:

• Recommendation on schedule hygeine and various system improvements to Lead-controller.
• Recommendations to depot for getting overdue clear wherever required.

Education Qualification

Qualified CA

Relevant Work Experience

5-8 years of relevant work 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. Analytical and data analysis skills, decision making skills and attention to details as well as proposing creative solutions.