Sr. Team Member - FP&A

Division

Finance

Department

Commercial Finance

Sub Department 1

NA Finance

Job Purpose

Enable North America BU team in timely Management Reporting & effectively partner with B2B Business, additionally handle competition benchmarking, CMO contracts for North America, provide various cuts for revenue and board requirements, Invagen opex analysis as Invagen controllership is re-assigned to India.

Key Accountabilities (1/4)

1) Support in Month end closing activities & preparation of Consolidated BU P&L

• Consolidate Sales across entities to present overview  of Revenue & Margins for North America Business
• Liaise with cross functional & corporate teams to reconcile Sales numbers
• Undertake Price Volume Variance Analysis & identify exceptional performance products
• Undertake Quarterly Cost Analysis of Standard Costing files to identify outliers
• Update Masters in Power BI & support in automation activities
• Undertake Analysis & Calculation of B2B spends, Freight & Inventory for timely closure of P&L
• Submission of Profit Share Payout & Other Expense Provisions
• Analysing Invagen opex and analysis of spends, its variance vs budget

Key Accountabilities (2/4)

2) Prepare annual budget plant exercise for North America BU

• Prepare template for Budgeting exercise to share with Business teams
• Variance analysis vs previous years to understand the outliers and investments
• Analysis of revenue and EBITDA for budgeting, building bridges for different management views
• Competition benchmark data for various companies

Key Accountabilities (3/4)

3) Active business partnering to achieve performance targets

• Roll out Sales Flash for B2B & Pvt Label Business
• Undertake Ageing Analysis of receivables outstanding to ensure compliance as per DOA
• Prepare DSO Quarterly Comparative statements for Corporate
• Prepare Pvt Label deck monthly to discuss with Marketing Head
• Monthly compute FTS & Other Penalties in Pvt Label
• Review CMO contracts for North America finance under development and post development projects

Key Accountabilities (4/4)

4) Support North America team in complying with internal and external controls to ensure smooth and transparent operations

• Ensure monthly tracking of Debit Note & Credit Notes
• Monitor Profit Share Receivable statements from partners are received timely & Validate the same
• Support in payment mechanism of foreign payments, checking such DN/ CNs are in adherence to contractual terms
• Identifying negative, low GM / profit product, initiating conversation with business
• Preparation of product P&L for key products to see end to end profitability
• Ensure compliance of Payment Terms & Prices as per Agreement Tracker

Major Challenges

• High Dependency on SAP requires IT support for resolving data & access queries.
• Co-ordination with cross functional– Corporate, FSS, BU. Ensuring establishment of a single communication base with different teams helps alignment of information

Key Interactions

Internal :

• B2B team – BD team, SCM team, NA Finance teams
• Corporate teams – FP&A

Dimensions

• Support $900mn of North America business for margin improvement and cost controls
• Ensure proper accounting of revenue & expenses as per specified timelines.
• Ensure the DSO for B2B stays within guidance limits

Key Decisions

Decisions :

• Time Management to ensure closure of month end activities accurately & timely.

Recommendations :

• Automation Initiatives
• Profit Share Receivable/ Payable Statements

Comments:

 The incumbent would be actively interacting with cross functional teams to provide inputs on Queries raised & in timely closure of P&L, month end activities.Listed above are just a few activities, the incumbent would be expected to work on many adhoc projects and provide necessary inputs to enable leadership in efficient decision making 

Education Qualification

Qualified Chartered Accountant / MBA – Finance

Relevant Work Experience

4 - 8 years of work experience in business/ corporate finance in Pharma/FMCG companies. Prior experience in a cross-functional (multi-geographic) environment will be added advantage