Sr. Team Member - IB FP&A
ConfidentialMumbai, India4 days ago
Job descriptionP&L Reporting Responsible for P&L management of business. Preparation 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 majorly Revenue COGS (incl Fixed cost) Manpower Cost Marketing spends Distribution Cost Other costs Ensure on time in full reporting to all stake holders including the central FP&A team. To analyse and understand all costs and revenue bookings and ensure accurate reporting of P&L. To hold stakeholders accountable for performance management. Prepare presentation for review with CXO Business Analytics & MIS Conduct in-depth revenue tracking, variance analysis, and forecasting to support business growth strategies Conduct indepth analysis of external market vs Cipla on various parameters and find actionables Analyze product, geographic, and customer mix to identify profit-enhancing opportunities Track contribution margins, identify cost leakages, and recommend initiatives to improve profitability Bring effectiveness in marketing & manpower spends Evaluate molecule-level portfolio performance and recommend portfolio prioritization Run projects to improve EBITDA To develop a robust information management system and provide all the MISs and key information to assist decision making process. To drive the simplification agenda through automation, elimination & outsourcing. To continuously thrive towards providing actionable insights through Big data analytics Managing dependency on multiple IT systems. Challenge in handling multiple projects at same time. Manage change BU Heads / DTH / PMTs / CFMs / FP&A (As & when required) to discuss, review & monitor action plans on Near Expiry, Growth Drivers, Manpower Productivity, GC Improvement, Variance Analysis, Tail Rationalization, PPP, NI & Marketing Spends Costing Team (As & when required) to obtain SKU costing & understand process / basis for deriving the same, costing of new product Procurement Team (Monthly) to obtain & track details of PRs raised / PO processed which can adversely affect the Marketing Spends Supply Chain Team (Weekly) to resolve stock out related queries / work on planning & minimizing pendency loss in future months Business Development Team (Monthly) to evaluate & validate PSC Cases, provide suggestions on improving GC & NPV IT Team (As & when required) for Qlik View / SAP queries / automation of reports Depot Managers / Staff (As & when required) to ensure liquidation of promotional material lying in Depots / Validate if Price Hike has been Implemented / obtain Samples for COGS Project Field force : Monthly interaction during Market visit on territory performance, support required and sharing observation on market visit. Stockists & Chemists (Monthly) to gain insight on Cipla v / s Competitor Performance, NI& PPP Performance via retailing, reasons for High Expiry / Returns / Market Scenario & Changes) Doctors (Monthly) to find improvement areas / opportunities for Cipla / Promotion Strategy followed by Other Pharma Companies / Suggestions on Molecules in which Cipla can launch its products / Field Manpower Visit Frequency, Quality & Training) Preparing & consolidating All India Budget / Forecast across all therapies Finalising the P&L on a monthly basis ensuring accuracy. Interacting with CFM, DTH, PMT & DTM on regular basis. Interacting with Support functions ( Supply chain , Costing, Procurement) Driving simplification Projects Interacting with IT & Central FP&A to drive excellence in analytics. Recommendation on budget finalization & P&L management (To Lead - FP&A) Information structure decision for India business (To Lead - FP&A) Suggestions on exceptions and improvement areas of ley business drivers (To Lead - FP&A & CFMs)
Division
Finance
Department
Commercial Finance
Employment Type
One India Business Finance
Job Purpose
To develop and implement systems for collecting, analyzing, verifying, and accurate reporting financial information on a regular basis. To have an understanding of the business and prepare a rolling forecast to estimate the future performance of division. To create a robust MIS infrastructure to support decision making process.
Key Accountabilities (1 / 3)
- P&L Forecasting
- Lead annual / quarterly forecasting / budgeting activity for annual revenue of INR 10k cr for business with help of marketing, sales, commercial & manufacturing team
- Understand all the variable of the P&L and forecast on a monthly basis to minimise the forecasting bias.
- Collaborate with cross functional teams – SFE, Digital, HR to estimate spends accurately
- To forecast all elements of the P&L at the most granular level possible.
Key Accountabilities (2 / 3)
Key Accountabilities (3 / 3)
Major Challenges
Overcome by - Support IT team in integrating all stand-alone systems.
Overcome by - Prioritise work after discussing with reporting manager.
Overcome by - Focus from top line to bottom line, data analytics and share Insights on bottom line.
Key Interactions (1 / 2)
INTERNAL
Key Interactions (2 / 2)
EXTERNAL
Dimensions
Key Decisions
RECOMMENDATIONS
Education Qualification
Quailifed Chartered Accountant / MBA from premier institution.
Relevant Work Experience
4-8 years of work experience post masters qualification.Preferred candidate with good analytical and data analysis skills along with decision making skills and attention to details as well as proposing creative solutions.
Skills Required
Sap, Big Data Analytics, Business Analytics, Qlik View
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Team Member • Mumbai, India
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