Cipla - Business Finance Partner

Position: Business Finance Partner

Job Location - Mumbai

Description

Business Finance Partner will be responsible for delivering the BU objectives of revenue and profit. The role requires closely working with the business team to ensure that the business plans are delivered. It will entail budgeting, day-to-day working on, continuous monitoring and tracking, reporting and reviewing the business performance. The role requires to work on long term planning / strategy for the business, analyze and drive better pricing and improved costing with multiple stakeholders. It will also include reviewing of various deals, agreements and ensure management of working capital and championing internal controls for the business unit.

Key Responsibilities

- Proactively work on business planning, long term roadmap through the strat plan, S&OP and budgeting exercise

- Drive plans for achieving revenue, marketing contribution and EBITDA for the business unit

- Champion specific projects to improve gross margin, optimize mix and explore pricing opportunities, identify and recommend rationalization of unprofitable SKUs / molecules/ partners

- Run the monthly planning cycle with the business team and prepare the monthly operating reviews

- Drive the forecasting process and deliver 3 month forecast accuracy on top-line and EBIDTA

- Review of BU expenses and control over the spend to keep full year spend - budget

- Support the tender bid process by providing scenario analysis with profitability impact assessment

- Work extensively with the costing team to update all financial performance with latest information

- Do competitive benchmarking to assess risks & opportunities for Cipla

- Analyze receivables summary along with ageing and finished goods inventory with shelf life buckets

- Raise flags at appropriate stage-gates for follow up on overdues and inventory liquidation

- Set de-risking strategy to reduce dependency on specific customers/vendors

- Ensure no re-raised audit observations, reduction in audit observations by 10% and high risk issues to be less than 20% of total observations, in case of audits

- Set up all the pricing masters in SAP with exceptions to be reviewed and actioned on monthly basis

- Review all new contracts and ensure DOA compliance for all transactions

- Prepare and submit all the deliverables such as P&L, MOR (monthly), budget pack (annual) and strategic plan (annual) as per formats and as per timelines

Key Skills

- Experience in financial business modeling

- Acted in an audit, internal controls capacity

- Competency in SAP, MS Suite (Excel, Power-point & Outlook)

- Excellent communication skills

Preferred Qualification

- CA / MBA Finance