Division

Finance

Department

Commercial Finance

Employment Type

One Africa Finance

Job Purpose

 Ensure timely & accurate financial reporting and compliance with all statutory requirements. Support the business to achieve the topline budget while protecting the bottom line with financial 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 (1/4)

1. 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

2. 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 on compliance standards and collaborating with other departments to streamline processes

Key Accountabilities (2/4)

3.Business Partnering

• Work closely with Operations teams and support in preparing the detailed annual budgets
• Monitor actual v/s budgets on a monthly basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual for budgeting control
• Review P&Ls monthly and monitor all expenses against budget
• Monitor and Evaluate key KPIs and share findings and highlight key areas for effective action
• Drive Monthly Governance agenda at the site
• Work with Operations in finalisation rolling Opex and production forecasts every month
• Analyse Business risks & ops and SKU mix optimization
• Benchmark per’000 tablets cost with other plants
• Ensuring adherence to company policies and regulatory /budget requirements related to travel and expense management.
• 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
• Review new agreements to ensure terms are not onerous for the company
• Inventory management of the products based on sales
•  Evaluation of Capital expenses
• Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages

Key Accountabilities (3/4)

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

• Monitoring monthly, quarterly, and annual standalone financial statements.
• Review on 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

5.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 (4/4)

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 optimise timelines

7. 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

•          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

Dimensions

Education Qualification

Qualified Chartered Accountant

Relevant Work Experience

Minimum of 3-5 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.

Competencies/Skills

Job Location

Lower Parel

Shift Hours

11:30am to 7:30pm

Diversity Requirement