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Job Description
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 strong 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
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.
- 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
- 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.
- 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
- 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.
- 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.
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.
EXTERNAL
- Customer / Agents 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.
- 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)
- 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.
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.
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.
Qualified Chartered Accountant
Relevant Work Experience
Required 3-5 years of work experience.
Skills
ComplianceCompliancesRegulatoryRegulatory RequirementsRisk ManagementIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
Cipla, a global pharmaceutical company, pioneers accessible healthcare solutions, emphasizing affordability and quality. With a rich history of innovation spanning decades, Cipla is committed to addressing global health challenges through research, development, and manufacturing of pharmaceuticals and medical devices. Cipla Careers offer diverse opportunities for individuals passionate about making a difference in healthcare. Whether in research, production, marketing, or distribution, joining Cipla means contributing to a mission-driven organization that prioritizes patient well-being. With a culture of integrity, collaboration, and excellence, Cipla fosters an environment where employees can thrive and grow professionally. Explore Cipla Careers for a rewarding journey in the pharmaceutical industry.
Important dates & deadlines?
Application Deadline
02 Oct 26, 01:55 PM IST
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