Division
Finance
Department
Commercial Finance
Employment Type
One Africa Finance
Job Purpose
Ensure timely & accurate financial reporting and compliance with all statutory requirements. Support the business to achieve the topline budget while protecting the bottom line with financial controls. Liaise with diverse functions across the organisation & externally with partners to deliver the desired results and help the management take informed business decisions in a timely manner
Key Accountabilities (1/4)
- Manage all Controllership, accounting, banking and financial reporting activities
- Overall end to end Finance governance, Monthly, Quarterly and Annual closing of the Legal entity.
- Submission of Financial statements, templates, analytics, eliminations and other closing related information to Regional and Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process.
- Review the financials monthly and deep dive into major variances and errors in accounting
- Ensure Intercompany transactions accounting and reconciliation with India and regional team.
- Help to standardise formats and reconciliations on a timely basis
- Manage all banking transactions and optimise the payments process wherever required
- Controls, Compliance & Simplification
- Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors
- Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies
- Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations.
- Ensure no repeat Audit queries and ensure the overall controls on area of responsibility
- Training employees on compliance standards and collaborating with other departments to streamline processes
Key Accountabilities (2/4)
- Business Partnering
- Work closely with Operations teams and support in preparing the detailed annual budgets
- Monitor actual v/s budgets on a monthly basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual for budgeting control
- Review P&Ls monthly and monitor all expenses against budget
- Monitor and Evaluate key KPIs and share findings and highlight key areas for effective action
- Drive Monthly Governance agenda at the site
- Work with Operations in finalisation rolling Opex and production forecasts every month
- Analyse Business risks & ops and SKU mix optimization
- Benchmark perâ000 tablets cost with other plants
- Ensuring adherence to company policies and regulatory /budget requirements related to travel and expense management.
- Responsibilities may include auditing expense reports, monitoring compliance with travel policies, identifying discrepancies, and implementing corrective actions.
- Ensure compliance to all legal commitments as per commercial contracts
- Review new agreements to ensure terms are not onerous for the company
- Inventory management of the products based on sales
- Evaluation of Capital expenses
- Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages
Key Accountabilities (3/4)
- Assistance in closing / monitoring of financial statements for management reporting and statutory compliances
- Monitoring monthly, quarterly, and annual standalone financial statements.
- Review on monthly, quarterly, and annual income statement and variance analysis.
- Co-ordination with global for completion of consolidation
- Finalization of inter-company elimination for proper group consolidation
- Review of balance sheet on quarterly basis and variance analysis
- Ensure disclosures are complete, accurate and are of high quality
- Liaise and resolve audit queries to achieve full compliance and nil repeat observations
- Liaise with internal/statutory auditors, engage in discussions, and respond to close out their queries as and when received .
- Coordinate with multiple stakeholders to facilitate Audit submissions and review .
Key Accountabilities (4/4)
- Identify, drive and lead opportunities on automation & simplification
- Take initiative to contribute towards simplification of processes.
- Identify and drive the changes in existing systems and bring on automation opportunities to enhance the quality and optimise timelines
- Ad hoc projects from time to time
- Participate in special projects and initiatives as assigned.
- Collaborate across departments to support ad hoc business needs and strategic objectives.
- Adapt to evolving priorities by effectively managing ad hoc tasks alongside routine responsibilities
Major Challenges
- Prioritization of tasks and multitasking
- Quick decision making while ensuring it has no adverse business impact
- Effective stakeholder management (internal & external)
- Dependence on country team for inputs or data
- Adjust working hours as per the country time zone as and when required.
Key Interactions
⢠Site Leadership Team
⢠Site Operations Team
⢠Global & Regional Accounting, Treasury and Tax team
⢠Global & Regional FP&A Team
⢠Global Operations Finance Team (SCM, Capex, Manufacturing, Costing)
⢠SAP Team
⢠FSS Team
⢠Internal & External Auditors
Dimensions
- Revenue of ZAR 2 Bn
- Opex Management of ~ ZAR 250mn
- Automation of reports
- Building strong controls across operational expenses management and ensure compliance with it in terms of right approval matrix & budget control
- Understand overall SA business (Revenue: R6.5 billion) and its dependency on the manufacturing units
Education Qualification
Qualified Chartered Accountant
Relevant Work Experience
Minimum of 3-5 years relevant experience in Controllership and Business Finance with proficiency in MS office & SAP, good interpersonal skills and understanding of pharma business landscape (preferred). Understanding of Ind AS, FEMA and Tax laws is mandatory.
Competencies/Skills
Likely potential for growthQualification fitmentCommunication Skills (clarity of thought, comprehension)Comprehension, Analytical & Problem solving abilitiesJob / Product / Technical Knowledge / Pharma domain knowledgeRelevance of Previous ExperienceManagerial or People Management skillsPersonality traits (Individualistic / Team player, Out spoken, Maturity level etc.)AttitudePresentation & Interpersonal skills (If applicable)Productivity & Result Orientation (If applicable)Safety awareness (If applicable)Sales drive (If applicable)
Job Location
Lower Parel
Shift Hours
11:30am to 7:30pm
Diversity Requirement
