Division
Finance
Department
Commercial Finance
Sub Department
NA Finance
Job Purpose
Accountable for Operations finance, Accounting controller, Financials for Cipla US, Invagen, CTI.
Key Accountabilities (1/6)
- Accounts Controlling, Monthly closing & Cash Flow Management
- Financials controlling & financials preparation for Cipla US, Invagen, CTI
- Intercompany reconciliation and payment for Cipla US, Invagen, CTI
- Sharing capitalization data for Cipla US, Invagen, CTI
- Preparation of yearly and quarterly cash flow as per need of Corporate treasury team.
Key Accountabilities (2/6)
- Inventory Management
- Preparation of Monthly Inventory report for Cipla US, Invagen, CTI
- Monthly closing of inventory and ensuring valuation is done as per accounting polices (NRV, Stock Expiry etc)
- Monitoring Inventory ageing and highlighting the same to the business
- Working with busines team on short-dated inventory management
Key Accountabilities (3/6)
- Tax
- Preparation & management of annual / qtrly tax statements
- Monitoring & sharing working and disallowance to tax teams
- Responsible for compliance of IRS return for US group
- Controlling and reporting tax queries
Key Accountabilities (4/6)
- Transfer pricing
- Preparation true up, true down of TP
- Setting up TP valuation for inventory
- Controlling other segments for TP cross charge
Key Accountabilities (5/6)
- BDnL
- Supporting finance and business inputs in BDnL transactions
- Preparation of NPV, IRR
- Review of agreement for finance aspects
- Co-ordinating with business for transaction execution
Key Accountabilities (6/6)
Audits
- Managing audit stakeholders internal, IFC, statutory
- Handling audit queries and resolving same
- Ensure due compliance of DoA, hygiene of books of accounts
Major Challenges
- Deal with multiple internal customers like Corporate finance India, Costing team, BU Finance, GSS team, SCM team and Manufacturing team.
- Deal with multiple stakeholder (USA Finance team, UPS team, BYD, Cipla IT, SCM, and Corporate Team) and meeting their requirement as per timeline.
- Working in different time zones and working culture.
Key Interactions (1/2)
Internal
- Cipla IT team (including Vistex & BYD)
- SCM Team for SAP, inventory and cogs.
- Cipla US business team for BDnL related discussion.
- Manufacturing team for SAP, costing blocks recipe and BOM update.
Key Interactions (2/2)
External
- Sales returns (Broker and insurance company).
- UPS team for Inventory and returns process.
Dimensions
- Managing financial home office governance of Cipla (Approx yearly value $800mn)
- Inventory related expertise to manage inventory
- Analyzing CMO contracts, preparing business cases and sharing recommendation.
- Preparing costing for new products, CMO products and building SAP for new process.
- Controlling books of accounts, financial statement, tax & TP
- Analysing BDnL transactions for Cipla and US
Education Qualification
Should be a qualified Cost Accountant / Chartered accountant / Certified Public accountant.
Relevant Work Experience
Candidate should have 10-17 years of overall work experience, including at least 9–10 years in the pharmaceutical industry. Alongwith working expert knowledge in Excel, SAP, Concur and banking systems.
