Revenue Assurance Lead

About the organization:

Biocon Biologics is a fully-integrated ‘pure play’ biosimilars organization globally committed towards transforming patient lives through innovative and inclusive healthcare solutions. It is engaged in developing high-quality, affordable biosimilars aimed at expanding patient access to cutting-edge class of therapies across the world. Biocon Biologics is a subsidiary of Biocon Ltd, an innovation led-global biopharmaceuticals company and India's first publicly listed biotech enterprise. Biocon Biologics has one of the largest biosimilars portfolios, a wide global footprint, state-of-the-art manufacturing facilities, world-class R&D ecosystem, and high quality & compliance standards, enabling it to fulfil unmet needs of patients across the globe. With the scientific capabilities, scale of manufacturing, large product pipeline, strong talent pool and expertise in developing and commercializing biologics, the company aims to serve millions of patients through its biosimilar.

About Finance Function:

We believe in creating a team that is not only best in class and sets new benchmarks but more importantly understands that a TEAM mean Together Everyone Achieves More. At Biocon Biologics, Finance is one of the major pillars and an essential ingredient to a successful business

Key Responsibilities

• Financial reporting and analysis to various stakeholders to support decision making
• Strategic partner to business and other leaders in the group with insightful business and finance inputs relating to key business decisions
• Lead special finance projects, manage the centralized financed system with an ambition to further automate processes
• Ensure timely closure of activities related to revenue recognition with utmost accuracy
• Monthly books closure activities including reporting of Revenue, Receivables, Capex and other MIS
• Review of receivables management, ensuring timely collection, dispute resolution by coordinating with internal and external stakeholders
• Developing relationships with banks, payment gateways for latest functionalities at completive cost
• Co-ordinate, review and provide support through appropriate inputs to the reporting teams for the monthly/quarterly and yearly MIS reporting
• Co-ordination with statutory and tax Auditors
• Tracking actual cost v/s Budget for support functions
• Liaise with third party accounting, tax service providers and other consultants on local regulatory/accounting/audit compliances
• Work with onshore and offshore finance team reporting within Biocon Biologics group, to monitor all transactions and ensure the smooth running of day-to-day accounting operations
• Creating process around fixed assets tracking and tagging, accounting for the same including depreciation and write-offs
• Develop and maintain sound internal control system in finance reporting processes
• Consolidating Support function budget and tracking against actuals.

Education, Experience and Skill

• Experience – 6+ years of experience.
• Qualification – Chartered Accountant preferably with Pharma Industries experience
• Should be able to manage a team of 5+
• Hands on experience with SAP will be an added advantage
• Ability to understand and effectively apply technical accounting guidance for Revenue and Capex accounting
• Excellent analytical skills
• Stakeholder management
• Proficient in MS Excel and PowerPoint
• Excellent Communication Skills (Written & Oral) and Networking skills
• Flexibility & open mind to look at dynamic and ever-changing business environment and needs
• Time management & ability to prioritize work / Multitasking
• Strong command over accounting
• Result oriented