Division

Department

Sub Department 1

Job Purpose

Support the business to achieve the topline budget while protecting the bottom line with financial controls, partner & liaise with diverse functions across the organisation to deliver the desired results and help the management take informed business decisions in a timely manner. Also ensure timely & accurate financial reporting and compliance with all statutory requirements.

Key Accountabilities (1/6)

Business Partnering

• Work closely with businesses teams to prepare the detailed annual budget for the region
• Monitor actual sales on a regular basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual (volume, price and mix) â budgeting control
• Work with business and submit 3 months rolling sales forecasts every month
• Analyse Business risks & ops and SKU mix optimization
• Analyse competition and provide insights to achieve market beating growth
  
  

Key Accountabilities (2/6)

Improve margin and cash flow to achieve profitability targets

• Review P&Ls monthly and monitor all expenses against budget
• Support the business in Pricing decisions for tenders, new products or launches and changes in market requirements
• Monitor and Evaluate key KPIs and share findings and highlight key areas for effective action
• Drive better product mix, identify and implement COGS reduction ops & find pricing opportunities to ensure improvement in overall profitability of business
• Follow up on receivables and ensure minimal overdues
  
  

Monitor continuous supply of products to ensure availability in the market while also keeping check on inventory quality & wastages

• Inventory management of the products based on sales
• Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages
  
  

Key Accountabilities (3/6)

Review new and existing legal contracts and arrangements

• Ensure compliance to all legal commitments as per commercial contracts
• Review new agreements to ensure terms are not onerous for the company
• Getting Sanction checks and ensure compliance before entering any new transaction
  
  

Key Accountabilities (4/6)

Evaluate new business deals & opportunities; highlight risks proactively, and support the funding requirements & integration process.

• Evaluate the returns for the Company from any new product / brand or M&A deal; carry out necessary financial due diligence, capture all potential legal or commercial risks and share recommendations with management for decision making
• Support all funding requirements by liaising with the parent Co. or banks as may be required
• Help set up new business processes or integrate them with existing businesses
  
  

Key Accountabilities (5/6)

Manage all accounting, banking and financial reporting activities

• Co-ordinate with the local accountant for day to day accounting issues and ensure all monthly transactions are entered and maintained properly
• Submission of Financial statements, templates, analytics, eliminations and other closing related information to Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process
• Review the financials monthly and deep dive into major variances and errors in accounting.
• Ensure Intercompany transactions accounting and reconciliation with India team.
• Help to standardise formats and reconciliations on a timely basis
• Manage all banking transactions and optimise the payments process wherever required
  
  

Key Accountabilities (6/6)

Controls, Compliance & Simplification

• Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors
• Take initiative to contribute towards improvisation of system functions. Drive process simplification, automation and improve efficiencies
• Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations
  
  

Major Challenges

• Prioritization of tasks and multitasking
• Quick decision making while ensuring it has no adverse business impact
• Effective stakeholder management (internal & external)
• Dependence on country team for inputs or data
• Adjust working hours as per the country time zone as and when required
  
  

Key Interactions (1/2)

• Commercial team
• Regional Central Finance Team
• Corp Finance, costing, FSS, treasury and tax teams
• In-house legal & RA teams
• Supply Chain & CI
• IT / SAP teams
  
  

Key Interactions (2/2)

• Tax consultants â quarterly basis â for tax planning and payments
• Legal Consultants
• External Banks
• Customers / Commercial Partners
• Vendors
• Regulatory bodies
  
  

Dimensions (1/2)

LATAM business close to $10+ which is expanding exponentially particularly Brazil and Colombia. Hence Stakeholder management is very critical in terms of language, understanding and timezone. Overall 2 legal entities and one Asia business

New business evaluation in volatile geopolitical countries environment offer varied challenges

Dimensions (2/2)

Key Decisions (1/2)

Pricing decisions for new business & tenders

Support the local processes in terms of compliance, product movement & market inventory decisions

M&A

Accounting and financial reporting as per relevant standard and internal policies

Key Decisions (2/2)

Launch of new products â pricing, etc.