Lead - API Finance

Division

Department

Sub Department 1

Job Purpose

Key Accountabilities (1/4)

• Review & monitor the Financial Performance of API Business to achieve overall company's target
  

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

Relevant Work Experience