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 robust 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