Division Finance Department Commercial Finance Sub Department One India Business Generics Job Purpose Financial Operations & Control is responsible for overseeing end-to-end financial operations, ensuring solid internal controls, compliance with regulatory requirements, and driving process efficiency. The role supports strategic decision-making through accurate financial reporting, risk management, and performance monitoring.

Key Accountabilities (1/4) Business Control and Financial review Accounts closing: Monthly Accounts closing by ensuring all the sales and expenses provision accounting and variance analysis.

Control

Framework & Audit Stock audit on quarterly basis from audit firm and review and recovery of losses for shortages and for insurances for damages.

Regular review and monitoring the control framework for CPLS.

Manage and coordinate for timely completion of IB audit observations and ensuring no repeat audit points.

Time to time review of IFC controls and ensuring proper check on the same.

Key Accountabilities (2/4) Control and Compliances Ensuring controls and compliances from tax and other statutory areas. Ensuring timely preparation and review of business hygiene parameters, to provide management detailed view by highlighting improvements, exceptions etc.

Time to time review and addressing exceptions if any.

Indirect Tax

Partnering with GST team to ensure GST compliances in place.

Reviewing tax ledgers and workings.

Review Input Tax credit and ensure 100% compliance.

Coordination with various stakeholders for settlement of various claims.

Partner with Corporate for filings and any other statutory requirements Key Accountabilities (3/4) Direct Tax Preparation of tax movements, tax provisions, advance tax workings,



true-up / true-down based on ITRs Providing data and supporting to tax audits Partner with Corporate for filings and any other statutory requirements Inventory Reconcile the stocks movement and inventory position at C&As.; Approval for Stock adjustment for shortages and excess and recoveries of insurances claim. Partner with costing and distribution team to ensure accuracy and completeness.

Key Accountabilities (4/4) Partner to Win

Validation of Rates.

CRM/ Market visits / Depot visit: Market /depot visit to understand the market practices / operations at depot.

Simplification and Automation: Automate processes for better compliance management.

Audit

Partner SPOC For All IFC, Internal And External Audits For CPLS.

Ensuring Close Coordination And Provision Of

All Details On a Timely Basis.

Control

Framework & Audit Manage and coordinate for timely completion of IB audit observations and ensuring no repeat audit points.

Time to time review of IFC controls and ensuring proper check on the same.

Major Challenges

Managing dependency on multiple IT systems.

Overcome by: Support IT team in integrating all stand-alone systems and ensuring simplified process. Managing statutory compliances and controls.

Overcome by: Coordination among multiple stakeholders to ensure business operations in compliant way. Key Interactions (1/2) INTERNAL Corporate team and FSS team (Monthly) to the day today operation.

Business Teams (Finance and Marketing): To understand the schemes lunched in the market.

Audit team: Co-ordinating with early completion of audit.

IT team (SD and FI) - For project basis IT support.

Tax team: As and when required for various queries. Key Interactions (2/2) EXTERNAL Customer / Agent’s staff or team and Marketing team.





Internal Audit: for audit related requirements.

External Auditors: for finalisation of statutory audit observations.

External Vendors for IT projects like DSAS revamp, Customer connect.

Dimensions

Stock movement reconciliation – inventory of ~ 600cr

Ensuring Bookkeeping and Financial closures as per corporate timelines

Handling Stock audit, Internal audit, IFC audit Statutory audits as per timelines

Interacting with Depots, Stockists, Business teams, accounts team on regular basis.

Interacting with Support functions (IT, FSS, Corporate accounts) Dimensions Revenue Contribution - Rs 2000 cr Cost Spend Pools – Rs 1500 Cr

Management contribution – Rs 700 cr

EBITDA – Rs 500 cr

No of SKUS.

- 600+

Clusters – 1

Inventory – Rs 700 crs

Stockists – 6500

Geography – All India – Sales Team:800

Cross Function Interactions – Corporate accounts team, FSS team, IT team, Tax team, Distribution team, Business (Marketing and finance) teams etc. Key Decisions (1/2) INTERNAL Corporate team and FSS team (Monthly) – for book closure activities.

Internal Audit team: Audit closures, compliances.

Tax team: As and when required for various queries

IT team (SD and FI)- For project basis IT support.

Business

Teams (Finance and Marketing): For provisions finalisation, compliance related matters, inventory hygiene etc. Distribution team, Depot teams (Daily basis) – For depot related activities and queries if any. Key Decisions (2/2) EXTERNAL CFAs / Stockists / Chemists: to gain business insights and to know market practices and ensuring compliances.

Internal Audit team: for finalisation of audit observations and discussion of action points.

External Auditors: for finalisation of statutory audit observations.

Education Qualification Qualified Chartered Accountant Relevant Work Experience Required 3-5 years of work experience.

📌 Cluster Finance Manager (Mumbai)
🏢 Cipla
📍 Mumbai