SAP FICO Consultant (Senior: India/UK)

Job Title: Senior SAP FI/CO Consultant (Pharmaceutical Industry)

Experience

Location

Joining

We are looking for a Senior SAP FI/CO Consultant to join our client, a leading global pharmaceutical company. You will be responsible for configuring and optimizing the SAP Financial Accounting (FI) and Controlling (CO) modules, ensuring they align with the industry-specific needs and regulatory standards of the pharmaceutical sector.

Responsibilities

• Lead the implementation and optimization of SAP FI/CO solutions tailored to the pharmaceutical industry’s finance and controlling processes.
• Configure financial modules including Chart of Accounts, Financial Statements, Profit & Loss Statements, and Balance Sheets, while ensuring compliance with pharmaceutical regulatory requirements (e.g., IFRS, GAAP).
• Manage accruals, recurring entries, journal entries, and financial closing, with an emphasis on the unique challenges of the pharmaceutical sector, such as R&D costs and drug pricing.
• Work on complex integrations between SAP FI/CO and other modules, including MM and SD, to streamline financial transactions, inventory, and sales.
• Oversee the setup of vendor and customer masters, down payments, automatic payments, collections, and Dunning procedures.
• Collaborate with internal stakeholders to ensure accurate reporting, tax compliance (VAT, excise), and statutory reporting for the pharma industry.
• Support period-end processing and profitability analysis, focusing on cost accounting for clinical trials, production, and distribution of pharmaceutical products.
• Provide leadership and mentoring to junior team members while offering expert guidance on pharmaceutical financial processes.

Skills & Experience

• Extensive experience in SAP FI/CO within a pharmaceutical or life sciences environment.
• Strong understanding of industry-specific challenges like clinical trial accounting, pharmaceutical inventory management, and government pricing programs.
• Experience with tax regulations, including VAT and excise duties, as they apply to the pharmaceutical industry.
• Hands-on experience in SAP S/4HANA and its financial features.
• Knowledge of integration points between FI/CO and other pharma-specific SAP modules (e.g., MM, PP, SD).

Preferred Skills

• SAP Certification in FI/CO.
• Experience in regulatory compliance for the pharmaceutical industry.
• Familiarity with SAP Pharmaceutical-specific solutions (e.g., GxP, GMP).