Sr. Team Member - Capex Finance

Division

Finance

Department

Operations Finance

Sub Department

Capex Finance

Job Purpose

To manage capex evaluation, budgeting, reporting, analytics, controls, and internal process improvement for Cipla’s global capex team, ensuring operational efficiency and timely execution.

Key Accountabilities (1/6)

Capex Evaluation

• Feasibility study of proposals received from locations and evaluation based on defined parameters. This includes strive for capex savings through deep dive of line items and assessment of requirement, followed by approval on CER portal.
• Coordinate with site finance and concerned cross functional teams for assessing optimum budget utilization against approved projects and highlight in case of lower utilization.
• Monitor project progress by taking active part in periodic steering committee meetings and ensure minutes related to capex finance are actioned upon.
• Act as Site Finance for one or more functions and/or geographies as assessed.
• Strive to achieve targeted capex savings as per assigned Goals.

Key Accountabilities (2/6)

MIS, Reporting and Analytics

• Monthly MIS related to the function viz. budget utilization/ latest estimates/ cost over-run etc.
• Assist in quarterly deliverables to corporate finance team as and when required.
• Analyze approved projects by doing in-depth analysis and sharing findings for further discussion and actions. This forms part of periodic submission to Operations Finance Head/ Group CFO.

Key Accountabilities (3/6)

Controls, Audit and DoA

• Responsible for budget control in system (CER portal and SAP) and ensure all controls are valid and in place and should not exceed approved figures.
• Ensure compliance with Internal audit recommendations & IFC framework.
• Adherence to Capex Policy and applicable Indian Accounting Standards.
• Assist in implementing and improving DoA as and when required, including simplification and rolling out to other countries where DoA is not set.

Key Accountabilities (4/6)

Capex Budgeting

• Annual Capex plan approval considering the affordability & do-ability as per corporate timelines. Co-ordinate, discuss and collate global capex requirement for presenting to BoD.

Key Accountabilities (5/6)

Internal Process Improvement

• Completion of new development based on the priority list given or any additional based on the requirements.
• System development in SAP IO code driving automated TECO and FICO of projects, including surrender of budgets once project is complete.
• Drive GRN related controls by preventing GRN if project end date is lapsed.
• UAR of critical t-codes as preventive control and UAT of necessary SAP developments impacting capex finance.

Key Accountabilities (6/6)

Major Challenges

Key Interactions (1/2)

Internal

Capex Lead, Finance team members across department, technical teams, Project management teams.

Key Interactions (2/2)

External

Auditors, external consultants, and vendors

Dimensions (1/2)

Dimensions (2/2)

Key Decisions (1/2)

Key Decisions (2/2)

Education Qualification

Qualified CA/MBA

Relevant Work Experience

5-8 years of relevant experience in finance-related roles, preferably with exposure to capex evaluation and management.