Location
Mumbai | India
Job description
- The incumbent will be responsible to analyze financial and management information, prepare business plan, work on process improvement and cost optimization , operational excellence projects , provide tools for strategic decision making, plan and evaluate new business proposals, handle daily MIS, assist Business Heads to ensure that business decisions are directed to meet financial goal, ensure financial hygiene in business verticals, effective distributor management manage internal controls processes including audits
Key Stakeholders: Internal
Sales Team, Marketing, HR, Operations, Sales IT Analytics, Strategic Marketing, RD
Key Stakeholders: External
Retail Outlets, Distributors, Customers, vendors
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Reporting Structure
Will report to General Manager Finance
Experience
- 2-4 years of experience in pharma, consumer, OTC, FMCG companies OR 1-2 years of experience in Big 4, 1-2 in industry
- Experience in process improvement, cost optimization preferred
- Proficient in Excel
- Good knowledge of financial/business processes
- Good interpersonal skills, good analytical skills
- Experience in SAP FICO module
- CA in 1st attempt (preferred)
Financial Analysis and Reporting:
- Issue, timely and accurate reports on receivables, in the prescribed format, after obtaining explanations from Sales for outstanding amounts beyond the norms, overdue outstanding, etc
- Analyze and disseminate various business indicators through reports like variance analysis, trend analysis, etc
- Financial planning and projection, Projecting Cash flow
- Work on Cost Optimization and business process improvement projects
- Prepare detailed financial and budgetary plans for the Business within the broad planning direction
- Ensure that all risks and opportunities are taken into account during planning
- Challenge the expense levels and suggest alternatives to ensure better use of budgetary discipline, cost reduction introduction of new products
- Report on exceptions to discounts, and credit notes along with corrective actions, initiating various ideas on its reductions.
- Provide knowledge support to the Financial Accounting team
- Maintaining and regulating product rice control, ensuring GST, DPCO and other financial regulatory compliances.
- Maintain credit control as per credit policy - Scrutiny of new distributor appointments, accounts reconciliations
- Co-ordination with CFA for ensuring proper accounting of sale returns, discounts, schemes, credit notes, cheque bounce etc Handling the statutory audit and Internal audit of the business;
- Coordinating with Zonal Area sales teams for sales-related MIS.
- Developing, maintaining/establishing of the internal control system;
- Liaisoning with internal stakeholders like GBSS to ensure correct accounting of entries; on time payment to vendors
Maintain Systems and provide information support:
- Establish and maintain Systems and Controls, which verify the integrity of all systems, Process and data, and enhance the divisional value.
- Support information requirements for decision making by ensuring documentation and robust system
Demonstrate Business Acumen and Strategic capability:
- Plan key business initiatives for the Company to achieve projected KPIs by providing strong support to the management to actively spot key trends, opportunities and performance levels
- Provide directions to the business through strong risk management and information system
- Assist Business Head in ensuring that business decisions are directed to meet financial goal Analyze viability of new business opportunity
- Interact with other departments in supporting business decisions.
Job tags
Salary
