Financial Controller EMEU

Employer
CIPLA LTD
Location
India
Posted
Mar 14, 2024
Closes
Apr 06, 2024
Ref
4606513049
Work Mode
Work from office
Hours
Full Time
Organization Type
Academia, Corporate
Division

Department

Sub Department 1

Job Purpose

Share the responsibility and Co-pilot the top line business and protect the bottom line with financial controls in place to achieve expected results in alignment with the overall objectives of the Organisation

Key Accountabilities (1/6)

Overall Accountability
  • Finance Control, general accounting: Ensure timely closure of monthly, quarterly, and annual accounts, financial reporting, audits and compliances. Ad-hoc reporting / MIS activities.
  • Manage all accounting operations including billing, A/R, A/P, GL, Cost accounting, Inventory accounting and Revenue recognition
  • Work with the senior leadership teams to manage and control financial metrics efficiently within the organisation.
  • Manage the company's funding-related financial diligence, and coordination with internal and external teams.
  • Financial control of JVs and subsidiaries
  • Managing Internal and External Audits

Key Accountabilities (2/6)

Financial Books Closure
  • Responsible for review of periodical Finance close in line closing checklist and period end submissions of financial information
  • Ensure accurate reported as per Ind AS and local GAAP
  • Review of financials
  • Driving efficiency in books closure process through SAP Adoption/ automation/simplification
  • SAP/BPC knowledge added advantage
  • Coordinate with Corporate team for consolidation activities and requirement
  • Consolidate review annual and quarterly submission related to financials
  • Provide internal assurance on completeness and comprehensiveness of financial close
  • Adopt and adhere to Global FSCP policy

Key Accountabilities (3/6)

Review of Financials
  • Monthly/Quarterly review of financials with regional controllers
  • Driving controller forum with corporate
  • Review of receivables, BS schedule along with provisioning
  • Streamlining accounting practices across countries
  • Review of Statutory compliance and activities
  • Review all contracts , understand implications on accounting and advise business teams accordingly

Key Accountabilities (4/6)

Internal Controls
  • Review of process across entities end to end.
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls.
  • Review of controls adequacy and drive simplification
  • Responsible for implementation and compliance to Internal Financial controls. DOA encompassing procedures, activities and tasks which are related to financial reporting and those which has financial implications
  • Responsible to drive adoption of automated controls, SAP implementation/upgradation, System based controls and checks (Payables, receivables, claim management, Banking).
  • Drive and lead statutory and internal compliance

Key Accountabilities (5/6)

Compliance
  • Review of compliance across entities
  • Liaison with legal and CS team for review and closure of compliance activities
  • Drive Board meeting agenda and preparation of review decks
  • Review of entity structure, local requirements

Key Accountabilities (6/6)

Centre of Excellence
  • Central force to drive regular trainings on accounting and controls.
  • Being the COE for any accounting advisory
  • Creating standard documentation for adherence of accounting policies for business and finance

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)
  • Regional finance team
  • Corporate Finance team
  • Legal Team
  • Compliance team
  • Marketing Team
  • Business team
  • Internal Audit Team
  • IT team

Key Interactions (2/2)
  • Statutory Auditors
  • Internal Auditors
  • Consultants
  • Vendors/agencies for any new service

Dimensions (1/2)

15+ entities including branches

Dimensions (2/2)

Key Decisions (1/2)

Key Decisions (2/2)

Education Qualification

CA Finance

Relevant Work Experience

Minimum of 10 years of Proven working experience as a Financial Controller,

Thorough knowledge of accounting principles and procedures,

Experience with general ledger functions and the month-end/year end close process,

Excellent accounting software user and administration skills,

A hands-on manager, who is willing to get actively involved with and guide the team in order to achieve desired goals.

Sound knowledge on regulatory compliance, statutory reporting