Lead - API Finance

Division

Finance

Department

Sub Department 1

Job Purpose

Drive business partnering efforts to achieve API top line, bottom-line & other business objectives while maintain high governance standards.

Key Accountabilities (1/4)

1.Review & monitor the Financial Performance of API Business to achieve overall company's target 

Facilitate discussion and presentations to CEO on: a. Topline & EBITDA achievement plan.

Annual Targets/Budgets/Forecast for the Business Performance:

• Drive agenda on Profitable growth for Business through better pricing, Improved Product Mix, Cost Optimisation (through Supply Chain Optimisation, Raw Material & intermediates reduction), etc.
• Drive the monthly performance vs Budget/Management Expectations, highlight variances along with discussion on plans to achieve Budget & Management Expectations
• Lead LBE discussions with the Business and Management
• Analysing the Product mix to optimise bottom-line
• Drive receivables management for faster recovery

Key Accountabilities (2/4)

2.Drive business process simplification (including automation) and implement Financial controls to ensure rock solid foundation of the business

•  Lead the automation of various reports through IT platforms
•  Drive EXIM analytics to capture additional business opportunities & highlight competitive signals
•  Lead discussion on Business Reimagination with Stakeholders for strategically enhancing business portfolio with efficient use of resources
•  Ensure implementation of DOA and IFC Framework
•  Drive the audit process, corrective actions on observation and ensure no repetition of observations by defining and implementing the corrective actions

Key Accountabilities (3/4)

3.Drive Business Partnering effectively with various stakeholders through proper review and monitoring to ensure key business and finance agenda are executed 

•  Analyse 5 years Strat plan of API Business and enable Supply chain team for planning of API production capacity
•  Lead continuous discussions with Business Team to identify strategic molecules (developed & under development) to ensure focused growth in long term
•  Drive CIP projects along-with Business & IPD team
•  Drive long term visibility of seedings and lock-ins fuelling sustainable future growth
• Manage optimum level of working capital (inventory/debtors) in close co-ordination with business team

Key Accountabilities (4/4)

4. Establish & monitor compliances in API Business to avoid financial l Risk in Business 

•  Preparation of Internal Audit programme & designing of scope of Audit in consultation with Internal Audit team & External Auditor.
•  Ensure compliances of internal audit observations & recommendation.
•  Simplified & Automation of identified controlled process.
•  IFC/DOA implementation- Ensure compliance with existing DOA. Review SOP's & DOA's for current and new areas in API

Major Challenges

• Challenge dealing with multiple internal and external stakeholders and coordinating with them on different priorities and interests. Overcome by Regular (monthly) connects with stakeholders to discuss on issues & agree on next steps.
• Extremely competitive market combined with one-off opportunities leading to high variations in top line and bottom line. Overcome by Various key projects like Pricing, Cost Optimisation and IPD projects
• Prioritising work while handling multiple strategic projects and urgent operational issues. Overcome by Building a talent pool in the team & delegation

Key Interactions (1/2)

INTERNAL

• Finance Leadership Team Monthly reviewing Profit & Loss Statements; Monthly - Receivables; Monthly- Controllers Forum; Monthly - Global Finance Committee to discuss exceptions and approvals if any.
• CEO & Management Committee â€œ Monthly update on Business performance in Monthly Focused Sales Call (MFSC) & Monthly Operating Review (MOR)
• Audit Committee - Presentation on Audit observations (if required), special projects, etc.

Key Interactions (2/2)

EXTERNAL

• Co-ordination with Internal Auditor to frame scope of Audit & ensure implementation of Audit compliances (quarterly)
•  Co-ordination with Statutory Auditor on audit compliances (quarterly)
• Meetings with External Customers for negotiation or Agreements/Contract review (need basis)
• Meetings with External Vendors for negotiation or Agreements/Contract review (need basis)

Key Decisions (1/2)

• Setting the targets for and evaluating performance of BD
• Mitigating risks and leveraging opportunities for the business
• Business case & agreements for inorganic opportunities
• Pricing for new molecules and exception approvals
• Approval of business case for green field projects and capacity expansions
• Approval of spends as per DoA
• Approval of New commission agent
•  Approval of Business Case for any new product launch
•  Cost savings initiatives (CIP)

Key Decisions (2/2)

• Annual Budget approval for API business
• Update on Business Performance 
• Review of Agreements or Contract to recommend for signing
• Recommendations on write-offs, write-backs, and provisions
• Recommendations on implementation of various finance initiatives 
• Recommendations for Cost optimisation

Education Qualification

Qualified CA / CMA / MBA

Relevant Work Experience

8-12 years of work experience required.