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Lead - API Finance

5 years

0 Lacs

Posted:2 days ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Contractual

Job Description

Division

Finance

Department

Operations Finance

Sub Department 1

API Finance

Job Purpose

Drive business partnering efforts to achieve API top line, bottom-line & other business objectives while maintain high governance standards.

Key Accountabilities (1/4)

  • Review & monitor the Financial Performance of API Business to achieve overall company's target
Facilitate discussion and presentations to CEO on: a. Topline & EBITDA achievement plan.

Annual Targets/Budgets/Forecast For The Business Performance

  • Drive agenda on Profitable growth for Business through better pricing, Improved Product Mix, Cost Optimisation (through Supply Chain Optimisation, Raw Material & intermediates reduction), etc.
  • Drive the monthly performance vs Budget/Management Expectations, highlight variances along with discussion on plans to achieve Budget & Management Expectations
  • Lead LBE discussions with the Business and Management
  • Analysing the Product mix to optimise bottom-line
  • Drive receivables management for faster recovery

Key Accountabilities (2/4)

  • Drive business process simplification (including automation) and implement Financial controls to ensure rock solid foundation of the business
  • Lead the automation of various reports through IT platforms
  • Drive EXIM analytics to capture additional business opportunities & highlight competitive signals
  • Lead discussion on Business Reimagination with Stakeholders for strategically enhancing business portfolio with efficient use of resources
  • Ensure implementation of DOA and IFC Framework
  • Drive the audit process, corrective actions on observation and ensure no repetition of observations by defining and implementing the corrective actions

Key Accountabilities (3/4)

  • Drive Business Partnering effectively with various stakeholders through proper review and monitoring to ensure key business and finance agenda are executed
  • Analyse 5 years Strat plan of API Business and enable Supply chain team for planning of API production capacity
  • Lead continuous discussions with Business Team to identify strategic molecules (developed & under development) to ensure focused growth in long term
  • Drive CIP projects along-with Business & IPD team
  • Drive long term visibility of seedings and lock-ins fuelling sustainable future growth
  • Manage optimum level of working capital (inventory/debtors) in close co-ordination with business team

Key Accountabilities (4/4)

  • Establish & monitor compliances in API Business to avoid financial l Risk in Business
  • Preparation of Internal Audit programme & designing of scope of Audit in consultation with Internal Audit team & External Auditor.
  • Ensure compliances of internal audit observations & recommendation.
  • Simplified & Automation of identified controlled process.
  • IFC/DOA implementation- Ensure compliance with existing DOA. Review SOP's & DOA's for current and new areas in API

Major Challenges

  • Challenge dealing with multiple internal and external stakeholders and coordinating with them on different priorities and interests. Overcome by Regular (monthly) connects with stakeholders to discuss on issues & agree on next steps.
  • Extremely competitive market combined with one-off opportunities leading to high variations in top line and bottom line. Overcome by Various key projects like Pricing, Cost Optimisation and IPD projects
  • Prioritising work while handling multiple strategic projects and urgent operational issues. Overcome by Building a talent pool in the team & delegation

Key Interactions (1/2)

INTERNAL

  • Finance Leadership Team Monthly reviewing Profit & Loss Statements; Monthly - Receivables; Monthly- Controllers Forum; Monthly - Global Finance Committee to discuss exceptions and approvals if any.
  • CEO & Management Committee “ Monthly update on Business performance in Monthly Focused Sales Call (MFSC) & Monthly Operating Review (MOR)
  • Audit Committee - Presentation on Audit observations (if required), special projects, etc.

Key Interactions (2/2)

EXTERNAL

  • Co-ordination with Internal Auditor to frame scope of Audit & ensure implementation of Audit compliances (quarterly)
  • Co-ordination with Statutory Auditor on audit compliances (quarterly)
  • Meetings with External Customers for negotiation or Agreements/Contract review (need basis)
  • Meetings with External Vendors for negotiation or Agreements/Contract review (need basis)

Key Decisions (1/2)

  • Setting the targets for and evaluating performance of BD
  • Mitigating risks and leveraging opportunities for the business
  • Business case & agreements for inorganic opportunities
  • Pricing for new molecules and exception approvals
  • Approval of business case for green field projects and capacity expansions
  • Approval of spends as per DoA
  • Approval of New commission agent
  • Approval of Business Case for any new product launch
  • Cost savings initiatives (CIP)

Key Decisions (2/2)

  • Annual Budget approval for API business
  • Update on Business Performance
  • Review of Agreements or Contract to recommend for signing
  • Recommendations on write-offs, write-backs, and provisions
  • Recommendations on implementation of various finance initiatives
  • Recommendations for Cost optimisation

Education Qualification

Qualified CA / CMA / MBA

Relevant Work Experience

8-12 years of work experience required.

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