Director, Finance - - Surgical

Summary of Position:

This role is responsible for operating as the finance leader for India and key business partner to the Surgical Franchise to drive implementation of business strategies, monitor business performance, forecasting and scenario planning while proactively identifying and managing business risk and opportunities. As a country Finance Lead, you will be overseeing company control framework (SOX), local statutory financial statements and reporting requirements, coordinating internal, statutory and tax audits. In addition, you will hold a Board of Director position of the Company and required to fulfil director duties.

Key Responsibilities:

• Proactive management of the Surgical franchise PL, in partnership with the Country Franchise Head taking ownership and accountability of financial outcomes
• Lead the core Business Performance Analysis (BPA) processes for Franchise business (management reporting, budgeting forecasting, resource allocation, margin expansion initiatives)
• Act as the strategic and operational business partner to the Country Franchise Head providing financial and business decision support with data-based insights analytics.
• Build business cases and drive alignment of key financial assumptions for resource allocation and prioritization of projects.
• Monitor and manage gross margin initiatives such as pricing as well as TFC (cost) budgets including resource allocation and ROI on investments.
• Develop financial strategies to support sound Top line and Profit Protection Plan.
• Identify, raise and resolve key business/financial issues. Support timely, fact-based decision making within the company and the business unit
• Work effectively with both direct reports and matrix team AGS Bangalore BPA FRA, financial Assurance, Tax Treasury teams (both local, global AGS) team to complete BPA and Country Finance responsibilities.
• Ensure end to end ownership of the Equipment Financing Agreements (EFA) process, as a strategic commercial model, through multi-functional stakeholder management, ensuring required controls and compliance oversight.
• Close partnering with the Customer Operations functions to maintain regular oversight of consignment KPIs and action plan if required to remediate.
• Monitor Working Capital Management of the Franchise business, partnering with I2C for AR SOP for Inventory. Monitor AR and maintain overdue under control and continuous improvement of AR DSO with I2C, Monitor Inventory DOI through SOP team.
• Ensure compliance in all finance and business areas in line with Alcon global policies as well as local regulatory/ statutory guidelines. Serve as the primary senior level communication link for business partners in India on company policies/practices, ensure proper documentation across all areas and ensure compliance with corporate policies, procedures and accounting guidelines.
• As Country Head of Finance maintain oversight on AFCM control framework, SOX reporting sign off for legal entity, statutory and tax audit coordination filing requirements together with FRA/Tax, local profitability management in coordination with Group Tax. Represent Alcon India to local tax authorities (VAT/Income Tax) for tax audits /assessments in country.
• Provide leadership, coaching feedback to associates whether through direct line or matrix reporting line.
• As Country Management Team member provide support sponsor initiatives to build enhance enterprise culture and country initiatives.
• Hold Board of Director position in the Company and fulfil requirements as and when they arise.

Key Requirements/Minimum Qualifications:

Financial and Business Results:

• Franchise Profit and loss, top line revenue growth
• Audit
• Competitive strategic plans and annual profit plans
• Increase in overall portfolio value (including internal and external projects)

People, Capabilities, and Management:

• Strong culture: team employee satisfaction/commitment
• Talent acquisition and development: hire quality, HiPo retention and development, talent export
• Code of conduct: compliance

Educatio n:

• Chartered Accountant or equivalent qualification (Masters)

Experience:

• 15+ years of financial planning analysis experience with Breadth of experience, incl. Accounting, Finance, roles.
• Excellent financial analysis skills, advanced modeling and system skills are necessary to identify, present, and challenge key business assumptions.
• Highly proficient interpersonal and communication skills (both verbal and written) combined with strong business acumen are required to effectively interact and influence all levels of management and across teams in country regionally.
• Solid negotiation and coaching skills.
• Proven experience in growing and developing individuals/teams in matrix environment (preferably working through shared service centers)
• India Board of Director experience preferred

Business Planning Forecasting / Analytical skills:

• The HoF will need to have a solid understanding of the franchise operations, risks and opportunities, as well as the country s political, economic, and social situation in order to plan the future of the business together with the franchise head and with the support of the commercial BPA. Owns the planning and forecasting process in the country related to the affiliate, leveraging with different functions to have the best analytics. Analyses different scenarios to drive growth profitability and takes decision upon it.
• Has excellent analytical skills and the ability to forecast possible outcomes and scenarios since decisions will have a significant impact in the development and future of the business. Strong data management and local market knowledge that allow driving a clear root-causes analysis and effective action plans should support decision.

Business Acumen:

• Has a deep understanding of the local business, market behaviour, explicit and implicit inference of a legal entity operation and all the financial implications. Ensure a sustainable and healthy financial performance with a cross-functional and cross-franchise approach that allow addressing and complying local and corporate regulation, laws, and policies. Will usually be a key point of contact for matters not limited to financial aspects.
• Has robust understanding of the big picture and the companys strategy. Anticipate the stakeholders needs to gain their commitment and achieve the desired performance. The CHoF will take part in the decisions that shape the future of the franchise and local company. Always maintain clear the company s objectives and strategy will need to adapt the tactics and even the paths, as required to ensure reaching the main objectives. Needs to be alert and monitoring any environment change and understand the implications.
• Understand local India dynamics around Company duties filing requirements and have understanding of industry practices.

Financial, Accounting Auditing Controls:

• CHoF will be the main financial responsible for internal (Alcon IA team) and external audits (statutory, Tax, etc.) that affect the affiliate. Role is the main point of contact in the country will be essential to ensure the success of the audits, will be able to explain local process or redirect inquiries to the respective local process owners.
• The CHoF is responsible for the local internal control structure for the affiliate. Understands SOX internal controls environment and works with AFCM team to ensure compliance and proper control validation within the affiliate. Will have to ensure that process owners have clear understanding of their process, risks, controls and timeframe. CHoF will be the financial responsible to sign the SOX letter for the country.

Leadership Competences:

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