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Sr. Team Member - FP&A

Sr. Team Member - FP&A

Cipla

4 - 8 years

6 - 10 Lacs

Mumbai Nagpur Thane Nashik Pune Aurangabad

Posted:4 days ago| Platform:

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Skills Required

OPEX SAP Pharma Corporate finance FMCG commercial finance SCM Variance analysis Standard costing Freight

Work Mode

Work from Office

Job Type

Full Time

Job Description

Division

Finance

Department

Commercial Finance

Sub Department 1

NA Finance

Job Purpose

Enable North America BU team in timely Management Reporting & effectively partner with B2B Business, additionally handle competition benchmarking, CMO contracts for North America, provide various cuts for revenue and board requirements, Invagen opex analysis as Invagen controllership is re-assigned to India.

Key Accountabilities (1/4)

1)Support in Month end closing activities & preparation of Consolidated BU P&L

Consolidate Sales across entities to present overview of Revenue & Margins for North America Business
Liaise with cross functional & corporate teams to reconcile Sales numbers
Undertake Price Volume Variance Analysis & identify exceptional performance products
Undertake Quarterly Cost Analysis of Standard Costing files to identify outliers
Update Masters in Power BI & support in automation activities
Undertake Analysis & Calculation of B2B spends, Freight & Inventory for timely closure of P&L
Submission of Profit Share Payout & Other Expense Provisions
Analysing Invagen opex and analysis of spends, its variance vs budget

Key Accountabilities (2/4)

2)Prepare annual budget plant exercise for North America BU

Prepare template for Budgeting exercise to share with Business teams
Variance analysis vs previous years to understand the outliers and investments
Analysis of revenue and EBITDA for budgeting, building bridges for different management views
Competition benchmark data for various companies

Key Accountabilities (3/4)

3)Active business partnering to achieve performance targets

Roll out Sales Flash for B2B & Pvt Label Business
Undertake Ageing Analysis of receivables outstanding to ensure compliance as per DOA
Prepare DSO Quarterly Comparative statements for Corporate
Prepare Pvt Label deck monthly to discuss with Marketing Head
Monthly compute FTS & Other Penalties in Pvt Label
Review CMO contracts for North America finance under development and post development projects

Key Accountabilities (4/4)

4)Support North America team in complying with internal and external controls to ensure smooth and transparent operations

Ensure monthly tracking of Debit Note & Credit Notes
Monitor Profit Share Receivable statements from partners are received timely & Validate the same
Support in payment mechanism of foreign payments, checking such DN/ CNs are in adherence to contractual terms
Identifying negative, low GM / profit product, initiating conversation with business
Preparation of product P&L for key products to see end to end profitability
Ensure compliance of Payment Terms & Prices as per Agreement Tracker

Major Challenges

High Dependency on SAP requires IT support for resolving data & access queries.
Co-ordination with cross functional- Corporate, FSS, BU. Ensuring establishment of a single communication base with different teams helps alignment of information

Key Interactions

Internal :

B2B team - BD team, SCM team, NA Finance teams
Corporate teams - FP&A

Dimensions

Support $900mn of North America business for margin improvement and cost controls
Ensure proper accounting of revenue & expenses as per specified timelines.
Ensure the DSO for B2B stays within guidance limits

Key Decisions

Decisions :

Time Management to ensure closure of month end activities accurately & timely.

Recommendations :

Automation Initiatives
Profit Share Receivable/ Payable Statements

Comments:

The incumbent would be actively interacting with cross functional teams to provide inputs on Queries raised & in timely closure of P&L, month end activities. Listed above are just a few activities, the incumbent would be expected to work on many adhoc projects and provide necessary inputs to enable leadership in efficient decision making

Education Qualification

Qualified Chartered Accountant / MBA - Finance

Relevant Work Experience

4 - 8 years of work experience in business/ corporate finance in Pharma/FMCG companies. Prior experience in a cross-functional (multi-geographic) environment will be added advantage

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Sr. Team Member - FP&A