Job Description
Finance
Department
Operations Finance
Sub Department 1
SCM finance
Job Purpose
This role is responsible for business partnering and ensuring controllership for the Loan Licensee (LL) area. Monitoring LL Charges, Opex spend, Yield and identifying reduction opportunities at time of Rate Contract Expiry. Ensuring appropriate internal financial controls are in place & involves active collaboration with cross functional stakeholders.
Key Accountabilities (1/4)
Budgeting, Analyzing and Approving rates for LL products/ Financial Accountability
- Partner with FPS Team in preparation and review of budgets for LL SKUs.
- Preparation & Monitoring of FPS Opex spends.
- Evaluating periodic rate increase proposals for LLs
Drive Controllership & Governance for FPS function
- Seek approval for destruction and disposal of inventory as per DOA approval matrix.
- Evaluate provisions for monthly book closing – inventory, LL charges, etc.
- Reviewing of Lower Yield and accordingly debiting the LL/Vendor. Ensure updating of yield in cases where yield is yet to be defined in BMR.
- Co-ordinate With relevant stakeholders to resolve issues related to payments.
- Review of Open Advances, Goods in Transit, Outstanding Debtor recovery, other recoveries from vendors, etc. to maintain book hygiene and ensure timely actions as needed.
- Reviewing all documents and financial evaluation of new vendors before onboarding them.
- Support business and finance team members for compliances to statutory and regulatory requirements.
Enforce DOA, Internal Financial Control (IFC) & Audit recommendation for LL procurement to achieve compliance
- Conduct Internal financial control related activities for LL function.
- Monitor & Ensure Valid Agreements in place.
- Resolve issues / queries raised in Internal and External Audits.
- Ensure annual verification of inventory and fixed assets across LL location through 3rd party auditors and ensure that all observations are closed.
Business Partnering & Analytics
- Review of monthly LL charges, discussing reasons for variance vs budget.
- Preparing Product Transfer proposals for in-house to LL shift or vice versa. Ensuring that all aspects including impact on product cost, idle cost and inventory is considered.
- Review and approval of Debit Note and Credit Notes.
- Exception management to ensure business continuity.
Key Interactions (1/2)
Internal
- FPS Team
- Planning & Procurement Team
- Costing Team
- Plant
- BU Finance / Business
- Corporate Accounts
External
Auditor – Internal and Statutory Audit & Inventory/ Fixed Assets Audit
Dimensions
Cost: INR 200+ Crs (LL)
Vendors: 60 LL sites.
No. of SKUs: 300 for LL.
Inventory: INR 170 Crs
No. of Products for Evaluation: 100 / annum
Key Decisions (1/2)
Decisions
- Rate Revision as per Budget.
- Recovery where Lower Yield than standard.
Recommendations
- Rate Approvals / Rate increase approvals.
- Agreements signed off for LL vendors after reviewing relevant clauses.
- Inventory Destruction/Disposal approvals as per DOA.
- Improvement in processes / DOA, etc.
Qualified CA/ CMA/MBA.
Relevant Work Experience
3-5 years of work experience
Skills
AuditAuditsBmrStatutory AuditControllershipAccountsExternal AuditsFinancial ControlGovernanceIfcInternal Financial ControlFixed AssetsCaIf 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
20 Oct 26, 01:35 PM IST
Similar Jobs
View All
Don't Miss out any Updates
Subscribe now for the latest job alerts
and never miss an update
.webp){kind=logo}
Team Member - Business Partner Finance (LL)
Share with
