Financial Planning & Analysis Manager at Cipla

Job Purpose

• To develop and implement systems for collecting, analysing, verifying, and accurate reporting financial information on a regular basis.
• Analyse and develop financial budgets and forecasts for SSA, support the development of financial plans as well as tracking of the annual operating budget to ensure robust reporting on operating results.
• Analysis and tracking of the SSA performance on all key KPIs to facilitate optimal decision making.
• To create a robust MIS infrastructure to support decision making process. 

Education Qualification

• Bachelor’s degree in finance or related fields
• Professional certifications CPA or ACCA 
• MBA in Finance and related courses is an added advantage

Accountabilities

Management / Financial Accounting and Reporting

• Responsible for P&L consolidation for SSA. Analysis of monthly P&L report, analysis of actuals vs budget & highlight variances for all the elements of P&L for MOR reporting on various business parameters.
• Ensure on time in full reporting to all stake holders including the central FP&A team.
• Channel wise, Therapy wise, brand wise P&Ls.
• Ensure timely submissions of monthly latest business estimates (LBE), First and Second Cut Budgets and Strategic plans.
• Review and report on significant budgetary variances on monthly basis, identify any remedial action that needs to be taken.
• Assist in preparation of Monthly Performance Reviews (MPRs) and facilitate Lead Finance Business Partner in support of commercial teams.
• Ensure up-to-date trainings for online submission tools as per SAGA/Global FP&A guidelines.

Accountabilities

Budgeting and Forecasting

• Facilitate the preparation of a robust and supportable annual / quarterly operating budget for the business unit and undertake analysis and forecasting to recognize trends and business opportunities.
• Preparing complex financial models for annual/quarterly/monthly forecasting and budgeting activity for SSA
• In depth understanding of all drivers of the P&L and active tracking against the budget
• Preparing region-wise sales report and its comparison with budget; identification of major variances for management reporting
• Track divisional financial plans and budgets and support the annual operating budgets and strategic plans.
• Revenue forecasting and consolidation for the SSA region, clearly highlighting and tracking the risks and opportunities.
• Communicate with stakeholders (Marketing, Commercial, HR etc.) to understand and explain budget variances and financial trends and monitor spending on major projects

Accountabilities

Assist the top management by providing required financial insights, forecasts, and analysis to ensure effective decision making at Cipla SSA

• Conduct in depth financial analysis in support of review meetings.
• Prepare succinct and clear executive presentations that simplify complex topics, with time sensitive deliverable.
• Become an expert on business and financial drivers for each business within SSA.
• To develop a robust information management system and provide all the MISs and key information to assist decision making process.
• Share business information & insights to drive growth and improve profitability.
• Actively seek opportunities to improve tools and processes.
• Deliver automation of reports to the extent possible to reduce dependency on manual work.
• Creating simplified dashboards for tracking performance and supporting decision making

Accountabilities

Monitor special projects in line with estimated cost and timelines to increase effectiveness of project

• Partner with respective function/region leads to budget, forecast and to understand and explain budget variances and financial trends and monitor spending on major projects.
• Partner with respective function/region leads to support project preparation, implementation & monitoring.
• Assist in review and analysis of local business cases

Relevant Work Experience

• Minimum 6-8 years of experience in in finance function; Mid-senior level management preferred.
• Working knowledge and experience in pharmaceutical, FMCG or related industry
• Minimum 3 years previous experience in FP & A management.
• People leadership and Team Management
• Understanding of the full reporting and budgeting cycle
• Strong Analytical mindset with attention to detail
• Reporting and metrics development and analysis
• Problem-solving mindset
• Excellent Communication and Presentation Skills
• Working proficiency in Microsoft Office suite (including advanced excel) and other finance related systems.
• Financial modelling, Scenario planning and Sensitivity analysis
• Ability to handle pressure situations and meet short deadlines.
• Hands on SAP working experience.
• Excellent command of English both spoken and written
• Deep understanding of IFRS and local accounting and reporting process