Assistant Division Finance Controller
Abbott
8 - 10 years
Mumbai
Posted: 01/05/2025
Job Description
JOB DESCRIPTION:
Main Responsibilities.
- Prepare & submit annual Budgetary Plan & Quarterly Updates / LBE’s in accordance with EPD Division requirements on a timely basis. Deviations (+/-), if any, must be supported by defensible justifications.
- Ensure timely and accurately submission of monthly Divisional / Area financial reporting requirements as per stipulated datelines.
- Supervise local operations performance via routine reviews & analysis of financial results (including sales performance) against financial Plans/Updates/LBE’s and advise management on exposure issues on a timely basis & thereafter to work with Commercial team in devising appropriate market strategy(s) and/or recovery plan(s) to ensure delivery of financial commitments.
- Supervise/review affiliate all activity payout, to support affiliate SG&A management and advise.
- Respond to organization request to ensure compliance to internal controls, policies, and procedures.
- Working and supporting CFS in updating policy & guideline to Business
- To be involved close co-ordination with relevant internal stakeholders for the monthly ADS process. To engage the team in robust discussions on the assumptions (volume, ADS, channel mix) taken.
- Overall financial custodianship of acquired branded generic business and steer organization towards delivering key financials as committed per signed Deal Model.
- Instil mindset & discipline within organization towards a more efficient use of operating capital - i.e., inventory (DOH), collections (DSO) & payables (DPO). Aim to bring about year on year improvement in CCC.
- To display higher level of internal stakeholder management through improved co-ordination /facilitation of effective cross functional collaboration in tackling ad-hoc / non-routine business / operational challenges.
- To prepare monthly analysis/update on Sales Standard Margin, SG&A expenses and perform gap analysis & formulate remedial plans together with the team.
- To review & manage EPD capital spending, Pricing Profile & Payment request process.
- Develop strategies for improving operation efficiencies while oversight service level and optimizing inventory levels as well as operation cost.
- Perform any other assignments as determined by Commercial and/or Finance management
- Ensure compliance with financial regulations and company policies. Implement and maintain robust internal controls to safeguard assets. Conduct regular audits and reviews to ensure financial integrity.
Education :
- Bachelor's degree in Finance, Accounting, or related field; Chartered Accountant (CA) or MBA preferred.
- Minimum of 8 years of experience in financial analysis, reporting, and strategic planning.
- Strong analytical skills and attention to detail.
- Proficiency in financial modelling and forecasting tools.
- Excellent communication and interpersonal skills.
- Ability to work collaboratively in a fast-paced environment.
Experience / Qualification :
· In-depth knowledge and/or experiences in all activities of accounting and financial planning.
· Able to interact & communicate effectively with individuals & groups across all levels of the organization. Ability to engage stakeholders (internal & external) in effective negotiations will be a plus.
· Meticulous & possess strong business acumen
· Strong problem solving & analytical skills and have ‘can-do’ attitude.
· Ability to multi-task under minimal supervision & ensuring deliverables are met in a fast-paced & deadline-oriented environment.
· Positive attitude & strong team focus.
· Good Leadership skills and sound business judgement.
· Capable to speak, read and write English.
The base pay for this position is
N/AIn specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
EPD Established Pharma
LOCATION:
India > Mumbai : BKC Building
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Yes, 25 % of the Time
MEDICAL SURVEILLANCE:
Not Applicable
SIGNIFICANT WORK ACTIVITIES:
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)
About Company
Abbott is a global healthcare company developing medical devices, diagnostic tools, nutritional products, and medicines. It focuses on improving health outcomes across areas like heart disease, diabetes, and infectious diseases, with a strong emphasis on research and innovation.
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