Business Partner Finance

Job Purpose

To support the Cluster Finance Therapy manager and partner with diverse business functions such as Therapies cluster head and marketing/sales/others teams, to ensure appropriate strategic and decision analysis support and play a key role in driving Budget/targets, resources and monitoring actual performance on Key Performance Indicators, in order to achieve long term sustainable and profitable growth vs market.

Key Accountabilities (1/6)

Financial Performance Evaluation

• Deliver topline and bottomline targets through financial reporting and analytics and manage contribution improvement initiatives
• Monitor and Evaluate key KPIs of India Rx therapy cluster and share findings and highlight key areas for effective action to Cluster Finance Therapy Manager & the therapy
• Drive better product mix by identifying and implementing COGS reduction & finding pricing opportunities in order to ensure improvement in Gross Margin
• Prepare performance insights and publish monthly dashboards - provide insights to business by in order to drive growth and improve profitability
• Report Variance Analysis Actual Vs Budget in comparison to the Last Year in order to achieve sustainable growth
• Ensure implementation of Pricing as proposed in Budget
• Prepare and evaluate the sourcing matrix to maximise the Fiscal and Excise Benefit and minimise COGS

Key Accountabilities (2/6)

Business Partnering

• Prepare and regularly monitor the Therapy Cluster Budget
• Ensure focus on quality of topline and understanding drivers of growth for the therapy through insightful MISs(PPP products and new launches)
• Pricing assessment for Tender business
• Analyse competition and provide insights to achieve market beating growth
• Evaluate and vet the assumptions for In-Licensing deals Prepare LBE and share revised target with the Management on real time basis in order to communicate the same
• Prepare and implement a mitigation plan against DPCO Loss (Price loss on account of Price control regulation) in order prepare for the market risks
• Propose discontinuation of certain products in order to ensure complexity reduction (5%)
• Prepare Monthly Operations report for Therapy cluster Business
• Prepare ROI of major spends and review bonus scheme to ensure effective utilization of funds
• Market Visits Plan visits to gain market/competition insights

Key Accountabilities (3/6)

Business Controllership-

• Responsible for Internal and external audit readiness along with prompt closure of audit observations
• Timely collection of overdue outstanding as per collection target, Also responsible for collections from the Government agencies
• Reconcile major customers accounts on Annual basis and if required pass necessary adjustments in coordination with FSS team.

Key Accountabilities (4/6)

Stakeholders Alignment

• Evaluate PSC and new product cases monthly – with Business development team
• Analyse & find opportunities for Product cost reduction with Supply Chain
• Prepare ROI optimization and identify improvements on marketing spends by reducing the red ROI activities;
• Reduce inventory levels and have a clear plan along with the therapy for near expiry.
• Marketing initiatives/Incentive allocation – with depot/field force

Key Accountabilities (5/6)

Simplification

• Drive automation of reports through advanced IT platforms in order to reduce manual process & save time
• Identify and execute areas of process simplification for therapy to drive improvement in Bias for Action.

Key Accountabilities (6/6)

Team Handling and development

• Team Handling and development provides training, guidance, and direction to employees to ensure work is performed in an efficient, timely, and knowledgeable manner

Education Qualification

Qualified Chartered Accountant/MBA

Relevant Work Experience

5-8 years of work experience with strong financial and business acumen.

Strong action orientation, analytical Skills, interpersonal Skills, problem solving, influencing and negotiation skills