Objective-
Prepare & Analyse Monthly MIS, Monthly Forecast & Annual Budget to provide input for future Business Plans & track achievements against plans.
Ensure analytical information to be provided to management for taking effective financial / business decisions.
Primary Responsibilities-
Strategic and planning
- Ensure timely and in-depth analysis of financial reports along with logical reasons for variances vs budget to help management to take appropriate actions.
Core Functional
- Coordinates with various departments for preparing business plan well in time.
- Ensure consolidation of Budget and analysis submission.
- Prepare forecast profitability and cash flow with reasons for variation in profitability.
- Ensure Logical reasoning & in-depth analysis for variation of actual profitability visa vis budgeted profitability.
- Analyse Product and Geographical segment Profitability.
- Provide Costing for the new Structures developed from the R & D and operations Team.
- Monitor & control compliances related to Overseas Branches.
Internal Process
- Timely Submission of QIS/CMA Statements to Banks
- Prepare work sheet for fixation of Transfer prices to satellite entities on quarterly basis.
- Monitor the performance of the each departments against budgets every month and report deviations to the department heads (Sales, Power, Packing, Freight, Costs etc)
- Prepare monthly valuation of Stocks with latest moving average prices and analyse Inventory.
- Ensure timely submission of Forex Certifications in coordination with the auditors
- Filing of necessary documentation for overseas investments including the necessary certification from various agencies.
- Prepare analytical review of customer financials and credit history for fixation and validation of Credit Limits.
- Preparation of Monthly MIS
People development
- Provide product costing awareness training to the operations, sales and other functions.
- Develop internal team members on analytical and logical reasoning areas, data filtration and management of historical data.
KRA's
- Prepare in depth financial analysis along with logical reasoning for variances for management decision making.
- Provide training on product costs & impact of critical items on cost to Operation, Sales and D & T team.
- Analytical information on Sales, Expenses, Product costs and Profitability for Pharmapack and satellite entities
- End to end profitability analysis.
- Quarterly profitability report submission.
- Consolidation of Annual Budget
