This role supports financial operations for EPD's Channel Business, focusing on P&L management, pricing strategies, and compliance. Responsibilities include financial planning, reporting, and automating processes.
JOB DESCRIPTION:
Position Summary
As the Finance Controller for Channel Business of EPD India, you will act as a key business partner supporting strategic growth across Institution, Corporate Hospitals, Pharma Chains, and E-commerce channels. This role is pivotal in carving out a separate P&L for channel business, driving pricing strategies including marginal costing models, and enabling scale-up initiatives. Additionally, you will support pricing and projects on a regular basis, ensuring financial compliance and operational excellence.
Roles & Responsibilities
- Channel Business Finance Support: Partner with commercial teams to drive financial planning and analysis for Institution, Corporate Hospitals, Pharma Chains, and E-commerce.
- Carving out a separate P&L: Develop and maintain a separate P&L for channel business, ensuring accurate reporting and profitability analysis.
- Pricing & Costing: Lead pricing initiatives, build marginal costing models, and provide insights for strategic pricing decisions to enable tender participation
- Scaling Initiatives: Support business scale-up through financial modeling, scenario planning, and risk mitigation strategies.
- Automisation: Work on automising MIS and pricing approvals to remove manual interventions and also create central repository of approvals and records
- Cash Flow & Working Capital: Forecast and monitor cash flow for channel business, optimize working capital, and implement corrective actions.
- Project Management: Drive key projects related to pricing, compliance, and operational improvements; ensure timely delivery and stakeholder alignment.
- Financial Reporting: Ensure accuracy in monthly closing, reporting, and variance analysis for channel business.
- Compliance & Governance: Maintain adherence to internal controls, various regulatory guidelines such as NPPA
- RLBE & Planning: Contribute to plan/LBE submissions and scenario analysis for channel business. Ensure that all affiliates and central teams are carrying ‘One set of numbers’.
- ADS monitoring: Monitor and be part of ADS exercise which is owned by commercial but driven by channels team to ensure ‘One set of numbers’
Needs to work with:
Affiliate Finance, Central finance, Commercial, Supply Chain, IT, Demand Planners across 3 affiliates, Factories
Competencies
- Strong business partnering and influencing skills
- Expertise in pricing strategies and financial modeling
- Analytical and problem-solving capabilities
- Knowledge of NPPA and other regulatory compliance so as to enable support to business and pricing
- Project management and execution excellence
Job Requirements
- Chartered Accountant or MBA in Finance
- 10+ years of experience in Finance, preferably in Pharma sector
- Exposure to institutional pricing, government tenders, and channel business models
- Hands-on experience in FP&A, P&L management, and marginal costing
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:Not specified
MEDICAL SURVEILLANCE:Not Applicable
SIGNIFICANT WORK ACTIVITIES:Keyboard use (greater or equal to 50% of the workday)
Top Skills
Financial Planning And Analysis
Marginal Costing
P&L Management
Project Management
Regulatory Compliance
Abbott Mumbai, Maharashtra, IND Office
16th Godrej BKC Plot C, Bandra Kurla Complex, Bandra East, एवेन्यू 3, G Block BKC, Bandra East, Mumbai, Maharashtra, India, 400051
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