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82 Cipla Jobs
Business Partner Finance
Cipla
posted 2d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Drive business partnering efforts to achieve topline, bottom-line & other business objectives while maintain high governance standards
Key Accountabilities
Drive business partnering efforts to achieve topline, bottom-line & other business objectives while maintain high governance standards
Facilitate discussion and presentations to CEO on:
- Topline & EBITDA achievement plan
- Annual Targets/Budgets/Forecast for the Business Performance
- Drive agenda on Profitable growth for Business through better pricing, Improved Product Mix, Cost Optimisation (through Supply Chain Optimisation, Raw Material & intermediates reduction), etc
- Drive the monthly performance vs Budget/Management Expectations, highlight variances along with discussion on plans to achieve Budget & Management Expectations
- Lead LBE discussions with the Business and Management
- Analysing the Product mix to optimise bottom-line
Drive receivables management for faster recovery
Drive business process simplification (including automation) and implement Financial controls to ensure rock solid foundation of the business
- Lead the automation of various reports through IT platforms
- Drive analytics to capture additional business opportunities & highlight competitive signals
- Lead discussion on Business Reimagination with Stakeholders for strategically enhancing business portfolio with efficient use of resources
- Ensure implementation of DOA and IFC Framework
- Drive the audit process, corrective actions on observation and ensure no repetition of observations by defining and implementing the corrective actions
Key Accountabilities (3/6)
Drive Business Partnering effectively with various stakeholders through proper review and monitoring to ensure key business and finance agenda are executed
- Analyse 5 years Strat plan of Business and enable Supply chain team for planning of production capacity
- Lead continuous discussions with Business Team to identify strategic molecules (developed & under development) to ensure focused growth in long term
- Manage optimum level of working ctal (inventory/debtors) in close co-ordination with business team
Business Partnering
- Partner with Business for close monitoring of business health.
- Participate in finance partnering for organic and inorganic opportunities.
- Lead pricing on day-to-day basis and handle partnership with key partners like Teva.
- Managing business costs and keeping a key tab on investments
Partner with Business team & other cross-functional team to achieve Annual target & bring efficiency in operation.
- Analyse monthly rolling forecast against sales order and gap analysis against budget and discuss the plan to achieve the Annual target.
- Analysis of Costing & Price and support Business team in pricing decision
- Support to sales & Cross functional team for cost optimisation- like analysis of stage wise costing and support in decision making - make or buy of intermediates.
- Support Business team in various discussion with customers in terms of agreement, Financial model, agency agreement etc to maximise the revenue and margin of business.
Partner with Business team & other cross-functional team to achieve Annual target & bring efficiency in operation.
- Analyse monthly rolling forecast against sales order and gap analysis against budget and discuss the plan to achieve the Annual target.
- Analysis of Costing & Price and recommending corrective actions
- Support to sales & Cross functional team for cost optimisation- like analysis of stage wise costing and support in decision making - make or buy of intermediates.
- Support Business team in various discussion with customers in terms of agreement, Financial model, agency agreement etc to maximise the revenue and margin of business.
Enable inorganic opportunities to fuel business growth with the right fit
- Drive valuation & financial diligence for inorganic opportunities
- Ensure strategic fit to overall business and Strat plan
- Drive post deal monitoring and performance evaluation process
Major Challenges
- Challenge dealing with multiple internal and external stakeholders and coordinating with them on different priorities and interests. Overcome by - Regular (monthly) connects with stakeholders to discuss on issues & agree on next steps.
- Extremely competitive market combined with one-off opportunities leading to high variations in top line and bottom line. Overcome by - Various key projects like Pricing, Cost Optimisation and IPD projects
- Prioritising work while handling multiple strategic projects and urgent operational issues. Overcome by - Building a talent pool in the team & delegation
Key Interactions
- Finance Leadership Team - Monthly reviewing Profit & Loss Statements; Monthly - Receivables; Monthly- Controllers Forum; Monthly - Global Finance Committee to discuss exceptions and approvals if any;
- CEO & Management Committee - Monthly update on Business performance in Monthly Focused Sales Call (MFSC) & Monthly Operating Review (MOR)
- Audit Committee - Presentation on Audit observations (if required), special projects, etc
- Global CFO - Update on Finance (Monthly), Update on People Agenda, Monthly update of Business performance, Exception approvals (as and when required)
- Business Team - Daily/Weekly for Performance & operational discussions, implementation of various key initiatives, any exception approval required by them
- IPD Team - (Monthly)- Cost Reduction Projects, New projects
- Supply Chain Team - S&OP for all LBE Discussions (Monthly), Budget Discussions (Annually) & Capacity discussion (need basis) etc
- HR Team (as and when required)- Capability Building of Team, Recruitment/Departures, Performance Appraisal & Ratings, R&R, etc
- Central FP&A Team - Discussion of Business Performance and engaging on any queries for the Monthly Operating Review
- Costing - Any new product costing, Analysis of variance of Budget vs Actual (once a quarter/Need Basis for specific requirements)
- Internal Audit Team - Kick off meeting, Closure of Final report and follow up actions to improve processes (six monthly)
- Investor Relations Team - Once a quarter on Presentation of Business
- Manufacturing Team - Discussing on Capacity and reviews
- Legal Team - On Various Agreements (need basis)
- M&A Team - On Business analysis for opportunities of acquisitions
- Co-ordination with Internal Auditor to frame scope of Audit & ensure implementation of Audit compliances (quarterly)
- Co-ordination with Statutory Auditor on audit compliances (quarterly)
- Meetings with External Customers for negotiation or Agreements/Contract review (need basis)
Key Decisions
- Setting the targets for and evaluating performance of Business
- Mitigating risks and leveraging opportunities for the business
- Business case & agreements for inorganic opportunities
- Pricing for new molecules and exception approvals
- Approval of business case for green field projects and capacity expansions
- Approval of spends as per DoA
- Approval of New commission agent
- Approval of Business Case for any new product launch
- Cost savings initiatives (CIP)
- Defining Controls to ensure effective processes are in place
- Implementation of Automation of various Reports
- People related decisions (e.g. Hiring, separation, development, restructuring, etc)
- Annual Budget approval for business
- Update on Business Performance
- Review of Agreements or Contract to recommend for signing
- Recommendations on write-offs, write-backs and provisions
- Recommendations on implementation of various finance initiatives
- Recommendations for Cost optimisation
Education Qualification - Chartered Accountant/MBA
Relevant Work Experience
- 5- 7 years of post-qualification experience in Pharma / FMCG Industry
- Skills Required - Financial Analysis, Communication, Negotiation & Stakeholder/People Management
- Experience of Finance Business Partnering with Manufacturing, Sales & Marketing, Accounting & FP&A
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Finance Business Partner roles with real interview advice
What people at Cipla are saying
Rating based on 1 Finance Business Partner
review
Anonymous · Finance & Accounting
in Mumbai
Likes
Value system or the credo of cipla.
- Company culture - Good
+1 more
Dislikes
Overall nothing to dislike about cipla
Finance Business Partner salary at Cipla
reported by
3
employees
with 3-6
years exp.
Unlock
₹20
L/yr - ₹22.8
L/yr
15%
less
than the average Finance Business Partner Salary in India
View more details
What Cipla employees are saying about work life
based on 7.1k employees
Flexible timing
Alternate Saturday off
Within city
Day Shift
Cipla Benefits
Submitted by Company
Child care Soft Skill Training Health Insurance Job Training
Submitted by Employees
Health Insurance 
Job Training 
Soft Skill Training 
Free Transport 
Education Assistance 
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Cipla Mumbai Office Location
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Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg,
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Mumbai
400013
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