Job Purpose: Provide proactive financial leadership for Germany business by developing analytical and financial insight for all important long and short-term decisions.
Initiate controls and measures that will help strengthen the financial health of Cipla.
Responsibilities
* Sales controlling / GTN
* Develop various price/volume/sales scenarios in close collaboration with the tender department.
* Provision monitoring of sick fund invoices.
* Realization and implementation of a G2N model in Germany.
* Review Customer contracts and set credit limits and credit terms to Customers in consultation with Contracts team.
* Track receivables with timely reminders being sent to ensure healthy cash flow for the business.
* Close financial books as per the corporate timeline.
* Implement credit control as per the credit policy.
* Ensure timely closure of audit books.
* Maintain Daily Sales Outstanding (DSO) and sales hygiene to stipulated levels.
* Accounts Receivable (AR) / Accounts Payable (AP) Process.
* Review and get respective approvals for supplier invoices.
* Ensure AP is properly accounted for in the AP subledger.
* Manage company card and expense management.
* Coordinate with the third-party suppliers for invoicing and AR.
* Reviews bank accounts for product revenue and other operating related deposits to record.
* Responsibility for setting internal and external financial policies such as DSO and external limits and terms for customers in coordination with the Contracts team.
* Reconcile AP payments to cash disbursements.
* Manage inquiries from vendors and consultants.
* Business Partnering - Partner with businesses effectively to ensure long-term sustainable and profitable growth.
* Drive sustainable future business growth by focusing on quality of topline and understanding drivers of growth.
* Analyse and drive competitive insights leading to market beating growth.
* Drive spends efficiency control.
* Evaluate and drive potential MA, In-Licensing deals etc. that meet strategic needs of the business.
* Steer along with supply chain on Inventory levels optimization and working capital management.
* Prepare LBE and share revised target with the Management on real time basis to communicate the same.
* Develop systems to drive growth for strong future organization.
* Banking system implementation.
* Setting up back-office team for AP / AR activities.
* Initiate discussions with IT team for systems.
* Provide business insights to CM Business support them in taking informed decision in order to deliver long-term sustainable profitable growth.
* Develop Business Understanding to assist in formulating Strategic Growth plan share business information insights to drive growth and improve profitability.
* Monitor discuss details on - LBE, MOR, division flash, and marketing spends.
* Propose tail rationalization to trim down unprofitable SKUs ensure complexity reduction.
* Conduct monthly market visits to gauge competitor performance and for market intelligence.
* Simplification Controls - Drive business process simplification (including automation) and implement better control to ensure business is done in a simplified and compliant environment.
* Drive automation of reports to reduce manual process save time.
* Identify and execute areas of process simplification to drive improvement in Bias for Action.
* Partner with consultants / auditors in driving different business process improvements / audits – ensure that they are relevant and enforceable in the given business environment.
* Ensure that all existing SOPs and Delegation of Authority are complied with – any deviation to the same is properly evaluated and corrective actions.
Skills Knowledge
* Educational qualifications: Bachelor's degree in economics with focus on finance, controlling or accounting.
* Relevant experience: Minimum 3-5 years of post-qualification experience.
* Analytical and data analysis skills, decision making skills and attention to details as well as proposing creative solutions.
* Strong proven business partnering mentality with the maturity and awareness to strike a balance between facilitating and challenging the business.
* Result-oriented individual, with a strong work ethic with a positive "can-do" attitude.
* Initial experience in the German healthcare market/tender market desirable.
* Fluent in German, Spanish and English.
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