Head Finance - AIL

Overall Mission

Major Responsibilities

• Business Performance & P&L Management
• Lead the preparation, analysis, and review of monthly business unit-wise P&L statements.
• Partner with business heads to monitor financial performance against budgets and forecasts.
• Provide insights and recommendations to improve profitability and cost efficiency.
• Support strategic planning and scenario modeling for business initiatives.
• Budgeting & Forecasting
• Drive the annual budgeting and periodic forecasting processes, including Latest Business Estimates, Long-range plans, etc.
• Ensure alignment of financial plans with business objectives.
• Monitor budget adherence and highlight variances with actionable insights.
• Business Partnering
• Collaborate closely with cross-functional teams (Sales, Marketing, etc.) to support financial decision-making.
• Provide financial leadership in business reviews, investment proposals, and cost-benefit analyses.
• Educate and influence non-finance stakeholders on financial implications of business decisions.
• Collaborate with other functions on monthly sales demand forecasting and S&OP data.
• Provide financial analysis and support for new product launches including pricing strategy and profitability for existing and new promotional programs.
• Spend Control & Financial Governance
• Review and approve Purchase Requisitions (PRs) and business spends in line with budgetary limits and financial prudence.
• Ensure compliance with internal controls, policies & procedures and Pharma-specific regulations in day-to-day business activities.
• Act as a gatekeeper for discretionary and capital expenditures.
• Reporting & Analysis
• Deliver timely and accurate financial reports and dashboards.
• Develop and maintain KPIs to track business performance.
• Support internal and external audits as required.
• Compliance
• Ensure adherence to Abbott Risk & compliance requirements
• Projects
• Other Ad-hoc projects as necessary