Job Title : ISC CMO Finance lead  Reports to : AMA CMO Finance Lead - Dotted line - ISC Supply chain fin Lead  Department : Finance   Location : Gurgaon  Job Purpose :  - Provide financial analysis and decision support on Cost Management to Head - CMO & drive Cost leadership at Contract Manufacturing CMO sites.  - Allign Global CMO stakeholders on the cost saving, PPV and other operational parameters by maintaining transparency and consistency in reporting.  - Partnering with Network Strategy team to optimize supply chain cost and drive cost control measures across all CMO sites.  - Financial accounting of transactions in line with local entity accounting policies, preparation of financial plans for CMO sites, meet plan targets effectively, timely reporting, ensure timely payment to suppliers, fund management, liaison with govt. departments on case to case basis, ensure tax compliance, handle tax litigations.   Key Responsibilities :  - GSK ISC region has 24 CMO sites. These CMO sites produce / pack various under category of Nutritional, Food, oral Healthcare and Wellness.  - Preparation of financial plans for CMO sites via 3/1 plan ensure proper tracking mechanism.  - Monthly reporting of PPV, cost saving numbers and alignment with the CMO team.  - Ensuring internal control framework at CMO sites to protect interest of company.  - Partnering with CMO commercial team in finalizing conversion charges for job workers  - Monitoring compliance to all regulatory requirement at CMO sites along with internal and external audits.  - Plan and implement actions for proper accounts closing every month & enable proper reporting for Dashboard & Unison, MIS, Schedules, and other reports every month/quarter/year as per timelines.  - Exercising controls over entire accounting and finance functions concerning all operations at CMO sites. Financial accounting of all commercial transactions at CMO sites in compliance with financial & accounting policies  - Through Shared service team- Payment to Raw Material & Packing Material suppliers, transporters, traded goods suppliers, job workers, capital items & spares suppliers and other service provides.  - Ensuring Tax Compliance at all CMO sites  - Working capital monitoring at all CMO sites  - Due to frequent changes in the business scenario, there is high requirement of - what-if- analysis for COGP under different volumes of production and different product mix.  - CERPS and MERPS Implementation support  - Support for GST readiness and implementation  Other dimensions :  No. of personnel supervised :   Managers : 5   Staff : 3  Expected Delivery :  - CMO sites Financials and Global reporting adherence  - CMO sites Financial Accounting and Controls  - WC Management & control  - Internal Control Mechanism  - Taxation - Direct and Indirect  - Management Reporting  - Budgetary Control  - Total Compliance Management  - Cash Flow Management  - Adherence to Accounting Standards & GSK Policies   - Third Party Payments, Internal Control and Taxation Management  - Audits - Statutory, Tax, Internal & Cost Audit  Impact & Risk :   - Cost Leadership   - Financial Risks due to Litigations  - Meeting Financial Targets  - Financial Control and Internal Control Weakness  - Strengthening of Compliance   - Accuracy of Financial Transactions  - Smooth Audits   - Capex Governance  Managerial Responsibility :  - To manage the compilation of CMO CMO sites 3/1 Plans and To constantly review the actual spends by implementing adequate tracking systems and reporting on variances to improve on cost efficiencies to achieve superior financial performance. Provide Decision Support analysis and counsel for all strategic initiatives in partnership with all key functions with the various stakeholder  - To ensure compliance of all Corporate and Regulatory risks at CMO CMO sites.   - Financial accounting of all commercial transactions at CMO CMO sites in compliance with financial & accounting GSK policies. Plan and implement actions for proper accounts closing every month & enable proper reporting for Dashboard & Unison, Rolling Forecast, MIS, Schedules, and other reports every month/quarter/year as per timetables defined.  - To manage the working capital by way of administration of current assets such as cash, receivables & inventories and administration of current liabilities to ensure smooth functioning of factory operations and minimize idle funds. To ensure appropriate Insurance coverage for the various assets and other risks and to facilitate Risk Management and loss prevention, ensuring a balance between risks and premium amounts.  - To ensure regular self audit of all areas of operations and cycle counting of assets, inventory etc and to review and analyze the financial and other records to attest to the integrity of the financial reports and ensure adherence to GSK's policies and procedures. Establish and maintain internal control procedures at the CMO sites that adheres to all corporate policies & procedures intimated from time to time comply with audit requirements, statutory provisions and enable CMO sites Directors to champion Corporate Governance at the CMO sites aligned with GSK and Local Entity policies.  - To co-ordinate the CMO sites Regulatory Compliance Review on a monthly basis and monitor the progress of action plans to ensure compliance of all legal requirements applicable to the CMO sites. Additionally to ensure 100% compliance of all statutes for which Finance are owners like Central Excise, Service Tax, State Sales/Purchase Taxes, Income Tax & Specified local acts such as Professional Tax, Entry Tax, Octrai etc and to complete the final assessments in respect of these on a timely basis without additional demands.  - To do robust analysis of plans prepared by respective CMO sites and ensure financial plans are made in line with GSK business plans.  - To evaluate various new initiatives and to question and challenge the status quo to ensure that supply chain cost is minimized at each opportunity.  - To act as a facilitator and coach to Finance team and to equip them with the necessary skills & training to achieve individual and corporate goals, ensuring overall expertise and providing for succession plan.   Key Behavioral Competencies Required :   - Leadership skills in order to guide, coach, mentor and motivate the team.  - Negotiation & influencing to leverage best benefits for GSK.  - Independent thinking   - Analytical skills with an eye for details  - Decision making  - Interpersonal & Communication skills  - Ability to meet deadlines  - Effective presentation of analytical results and driving decisions.  - Ability to think - Out of the Box-   - Be pro-active and drive changes  Education & Experience :  - Chartered Accountant/ Cost Accountant with 8-10 years   Knowledge :  - Should have thorough experience in Cost Management and Leadership, Regulatory Requirements under various fiscal laws applicable to the Plant particularly Central Excise & VAT.   - He should be able to lead a diverse team of professionals and should have worked in matrix reporting structure.  Technical Skills :   - Knowledge of Plant Operations as well as working in HO   - Indepth Knowledge of Accounting Standards, Cost Accounting Standards, Good knowledge in the Interpretation of Legal enactments   - Advanced Knowledge of Commercial Processes  - ERP / SAP Knowledge

Delhi NCR

Others

GSK - ISC CMO Finance lead 

GSK - ISC CMO Finance lead  ,Job Description for GSK - ISC CMO Finance lead  in GSK in  Delhi NCR Others for (8-10) years of experience. Apply Now!

Job Description for GSK - ISC CMO Finance lead  in GSK in  Delhi NCR Others for (8-10) years of experience. Apply Now!