Division
Department
Sub Department 1
Job Purpose
This position is for Lead - Financial planning and Analysis (FPnA) for Indore site, responsible for managing overall financial activities of Unit (like budgeting, MIS reporting etc.) and ensuring adequate controls at site . Additionally, person will be responsible as a business partner for Unit I and III (assisting units for PR, CER and other Financial matters).
Key Accountabilities (1/6)
- FP&A activities for Indore Operations
- Budget controller at site level (Mfg., quality and Admin)
- Monthly Reporting of expenses (head wise)
- Budget preparation activity
- Trend analysis, data analytics and review of expense G.Ls.
- Monthly meeting with SLT team for updates
- Reporting reason/justification for Budget Overrun
Key Accountabilities (2/6)
- Business Partnering with Unit I and III for all relevant support required
- Evaluation and Approval of Purchase Requisitions (PRs) and Capex Expenditure Requisitions (CERs)
- Evaluation of Product Transfer Proposal
- Support and coordination with FSS for Payment
- Resolution of Vendor’s queries of Invoice booking/payment
- Coordination for other requirements like Inventory, WIP, Audit etc
Key Accountabilities (3/6)
- Manage Opex Activities and closing activities
- Provision tracking and controlling every month for accurate reporting.
- Cost correction and allocation entries.
- Expense dump tagging and MPR preparation.
- Support and coordination with CER Support Team for User specific requirements
Opex Budget Activities
Response to Auditor’s Queries for Capex
Key Accountabilities (4/6)
- Controllership and Compliances for Indore Operations
- Controllership and Governance on Financial and accounting aspect.
- Handing Internal audits at site and final closure
- IFC controls implementation and adherence
- Adherence to DOA
- Verification of Measurement sheet on monthly basis to keep control and rigour
Key Accountabilities (5/6)
Key Accountabilities (6/6)
Major Challenges
Prioritization of tasks and smooth operations - Overcome by putting in extra work hours & planning
Managing complexity, multiple stakeholders - Overcome by solving thing in a structured manner
Key Interactions (1/2)
Site functional teams e.g. Stores, production, HR, engineering, etc
Site Head
Central Mfg team
Corporate Finance team
Legal Team
Internal Audit Team
IT team
Taxation
Costing
BU finance
Capacity Planning
Key Interactions (2/2)
Statutory Auditors
Internal Auditors
External vendorsConsultants – Statutory & project related
Dimensions (1/2)
Dimensions (2/2)
Key Decisions (1/2)
- Month end Opex provisioning
- Approve Unit level PR and CER as a Business Partner
- Unit related Payment issues
Key Decisions (2/2)
Recommendations for > Rs 25 lacs capex proposals
Recommendations for budget escalations & key critical spends > Rs 5 lacs opex
Education Qualification
CA
Relevant Work Experience
2-5 years of manufacturing finance experience across different Finance verticals handling similar size operations & complexities
Experience with general ledger functions and the month-end/year end close process,
Well verse with SAP (Hana)
- Sound knowledge on regulatory compliance, statutory reporting, Accounting standards, Indirect taxation
- Managed Opex and Capex related work
- Worked on MIS reporting.
Job description provided by Cipla.
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