Division

Finance

Department

Commercial Finance

Sub Department 1

EM &

- EU Finance

Job Purpose

Support the business to achieve the topline budget while protecting the bottom line with financial controls. Liaise with diverse functions across the organization & externally with partners to deliver the desired results and help the management take informed business decisions in a timely manner. Also ensure timely & accurate financial reporting and compliance with all statutory requirements.

Key Accountabilities (1/6)

Manage all Controllership, accounting, banking and financial reporting activities

- Finance governance, Monthly, Quarterly and Annual close of Legal entities and B2B books of accounts finalization across 3 entities.
- Monthly, Quarterly, Annual Closing for the entity housing the lab in Netherlands.
- Preparation / Review of financial statements as per Dutch GAAP.
- Submission of Financial statements, templates, analytics, eliminations and other closing related information to Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process.
- Review the monthly financial report and deep dive into major variances and errors in accounting.
- Ensure Intercompany transactions accounting and reconciliation with India team.
- Help to standardize formats and reconciliations on a timely basis.
- Manage all banking transactions and optimize the payments process wherever required.

Key Accountabilities (2/6) Controls, Compliance &

- Simplification

- Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors.
- Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiency.
- Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations.
- Ensure no repeat Audit queries and ensure overall controls on area of responsibility.

Business Partnering

- Work closely with businesses teams to prepare the detailed annual budget for the region
- Monitor actual sales on a regular basis and provide inputs to the management on budget achievements and reasons for variances
- Analysis of budget vs. actual (volume,



price and mix) – budgeting control.
- Work with business and submit for 3 months rolling sales forecasts every month
- Analyze Business risks & ops and SKU mix optimization
- Analyze competition and provide insights to achieve market beating growth
- Understand the market and review the profit / revenue share keeping market nuances in consideration

Key Accountabilities (3/6) Improve margin and cash flow to achieve profitability targets

- Review P&Ls; monthly and monitor all expenses against budget
- Support the business in Pricing decisions for tenders, current products or launches and changes in market requirements
- Monitor and evaluate key KPIs and share findings and highlight key areas for effective action
- Drive better product mix, identify and implement COGS reduction ops & find pricing opportunities to ensure improvement in overall profitability of business
- Follow up on receivables and ensure minimal overdue

Monitor inventory quality & wastages

- Inventory management of the products based on sales
- Analyze & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages

Key Accountabilities (4/6) Review of new and existing legal contracts and arrangements

- Ensure compliance with all legal commitments as per commercial contracts
- Review new agreements to ensure terms are not onerous for the company
- Getting Sanction checks and ensure compliance before entering any new transaction.

Evaluate new business deals & opportunities; highlight risks proactively and support the funding requirements & integration process.

- Evaluate the returns for the Company from any new product / brand or M&A; deal; carry out necessary financial due diligence, capture all potential legal or commercial risks and share recommendations with management for decision making.
- Support all funding requirements by liaising with the parent Co.



or banks as may be required
- Help set up current business processes or integrate them with existing businesses

Key Accountabilities (5/6)

Key Accountabilities (6/6)

Major Challenges

- Prioritization of tasks and multitasking.
- Quick decision making while ensuring it has no adverse business impact.
- Effective stakeholder management (internal & external).
- Dependence on country team for inputs or data.
- Adjust working hours as per the country’s time zone as and when required.

Key Interactions (1/2)

Internal

- EU-B2B commercial team and Quality team for Lab related matters
- Regional Central Finance Team
- Corp Finance, costing, FSS, treasury and tax teams
- In-house legal &
- RA teams
- Supply Chain &
- CI
- IT / SAP teams

Key Interactions (2/2)

External

- Tax consultants – quarterly basis – for tax planning and payments
- Legal Consultants
- External Banks
- Customers / Commercial Partners
- Vendors
- Regulatory bodies

Dimensions Business which is close to +$120mn with multiple countries within Europe. Subdivided into 2 Business Teams.

Hence

Stakeholder management is very critical. Overall, 1 legal entity in Netherlands and support to B2B business related items in Cipla Ltd –

- Indian entity. New business evaluations in volatile geopolitical countries environment offer varied challenges.

Key Decisions (1/2)

Decisions

- Pricing decisions for new business & tenders.
- Support the local processes in terms of compliance, product movement & market inventory decisions.
- Accounting and financial reporting as per relevant standard and internal policies.
- M&A;

Key Decisions (2/2)

Recommendations

- Launch of new products – pricing, etc.
- Pricing, margin &
- SKU rationalization Marketing, inventory & process set ups.
- NPV evaluation, negotiations with potential partners; due diligence.
- Finalization of Standalone reports, tax filings, statutory requirements.

Education Qualification Qualified CA.

Relevant Work Experience

Minimum of 3-5 years relevant experience in Controllership and Business Finance with proficiency in MS office &

- SAP, good interpersonal skills and understanding of pharma business landscape (preferred). Understanding of Ind As, FEMA.

📌 Sr. Team Member - Controlling (Mumbai)
🏢 Cipla
📍 Mumbai