Finance Controller - Operations & Projects - CA - Pharma

Finance Controller-Operations and Projects- Leading Pharma Company- Punjab

Key Areas of Accountability/Responsibility :

Quality, Environment, Safety and Health :

- Comply to the company, SHE&Q and security regulations; signal unsafe situations, (near) incidents, environmental, quality and security risks; Stop proceedings when serious violations of the regulations occur and report these. Address others to comply with the regulations to prevent unsafe behaviour.

Site Control :

- Be responsible for defining the financial policy, the direction and plan of the production site

- Steer and control the execution of this policy and plan and safeguard the realization of this plan by managing, monitoring and controlling the financial processes of the site within the BG/BU strategy, the corporate and BG/BU F&C policies and the corporate requirement and guidelines

- Contribute to develop and implement the site manufacturing strategy and plan, in co-operation with the site management team members

- Lead, coordinate and control the annual budget planning process and ensure translation of the plans into controllable financial performance indicators for the site

- Challenge and support the site management team in executing the financial decision making process; various improvement projects, capital projects

- Manage and optimize the management reporting process and initiate, develop and manage management steering information (e.g. M&T KPI cockpit, balanced score card); focus on cost management, asset management and inventory management.

- Execute investment calculations and implement costing models as well as execute financial performance analysis (e.g. working capital analysis, product & process cost analysis)

- Support the site management team in contract negotiations with suppliers

- Participate in projects aimed at analyzing financial performance or at improving business performance, representing the financial area and safeguarding the financial input for these projects

- Work with the BU Controller on how to improve and strengthen the existing financial procedures and practices and to ensure that company Requirements are met

- Manage the interface to the business by participating in the related S&OP meetings and steering.

- Key areas of responsibility include supervision of the Plant (Site) Finance team and thus accountable for ensuring controls over production and purchase related activities

- Lead controlling activities at site and implementing necessary controls and built processes to achieve the objectives of timely and high quality operations and Budgetary controls

- Responsible for the implementation of reliable systems and procedures for capex controlling

- Challenge and Support the purchasing team to ensure minimum purchase cost and increased payables with right levels of controls and analysis.

Controller- Projects :

- Support Project Manager in setting up business models with partner particularly with regard to Financial, Legal and Fiscal requirements.

- Providing Decision support information and financial backups to management processes.

- Supports Project Manager to identify avenues so that business case profitability is achieved by identifying value drivers in supply chain and implement the actions to be taken.

- Leads the process of integrating partnership into our reporting and accounting systems, built up/improve on SAP/other ERP functionalities to incorporate such partnership models.

- Act as a Finance lead towards the partner in respect of tax, accounting and other finance related issues and coordinates with other stakeholders to solve the same.

- Supports Business Manager in pricing decisions for long term contracts and other complex transactions, built an effective cost control mechanisms, improvement projects, bench-marking, commercial decisions etc.

- Ensure that all finance and related requirements are complied with in respect of new business.

- Ensures that all operational controls are in place in respect of account reconciliations, inventory counts, money flow and coordinates with running business team for any issues in relation to the sterile business / other projects.

- Built an effective procedure in place for controlling and monitoring of key elements of costs etc.

- Responsible for measuring financial performance through PMS and assisting management to take pro-active steps for better financial and process performance

- To support the business and department to lower the cost and improve efficiency

- Provide management with suggestions on the possible ways of improving the profitability of business.

Complexity of the job :

- The mission of the site is to have an important increase in output and reduction of variable costs. This is supported by an cost improvement plan and by a Lean program. These improvements are key for the financial turnaround of the specific PMC. Pressure to keep up ambition and deliver on promises is high. Balancing act between expectations /Lean and realism production

- Cross functional collaboration with Plant as well as with BU

- Enter unknown fields of partnership and new business model.

- A complete understanding of business needed to effectively participate and contribute in business decision meetings and tools

- Compliance to various tax laws

- A complete understanding of logistics including broad legal, fiscal, EXIM and practical requirements of doing business is essential

- Functional expertise to provide solutions at each stage in business including costing, fiscal conditions and possibilities

- Relationship Management: Interaction with internal & external customers. Manage Partnerships

- Risk Analysis for laying down policies at Site

- Ensuring compliances to the fullest.

- Making financial projection in uncertain business environments for new projects

- Evaluating the performance of various projects on timely basis and driving the business to achieve the targets set in challenging environment

- Making sound professional judgements in evaluating capital expenditure and their economic sensitivities.

Knowledge and educational level :

CA with knowledge in following areas :

- Indian and International Accounting Standards

- Working knowledge of Income Tax Act, Sales Tax Act, Excise and

- Custom Act for Statutory Compliance.

- Microsoft Office, working on ERP, Internet/Intranet

Experience :

- Financial Planning & Analysis

Managerial and social competencies :

- Communication skills - Written and verbal

- Ability to contribute actively in management discussions

- Affinity with Manufacturing environments

- Dealing with ambiguity

- Stakeholder management

Functional competences :

- Systems - SAP, BW

- Accounting standards