Head Financial Reporting and Finance Operations

2 months ago


Bengaluru, India Syngene International Limited Full time

About Syngene: Syngene (www.syngeneintl.com) is an innovation-led contract research, development and manufacturing organization offering integrated scientific services from early discovery to commercial supply.


Education : CA / CFA / MBA Tier 1

Geographical Coverage : All India and overseas operations of Syngene


Position purpose

This position is responsible for planning and directing the operations of the finance and accounts function and meet all compliances while enabling business strategy.


Position context

The most challenging aspect of the role is to ensure adequate financial control in the organization while enabling the business requirements.



Driving Finance Operations


Key Activities:

Assess robustness of current systems, processes and policies across accounting, revenue, inventory and Capex management

Oversee completion of special projects, and IT automations for finance processes

Drive timely reporting of business MIS/ business analytics / intelligence on business request

Provide inputs on cost optimization and monetizing opportunities

Support with periodic balance sheet review with CFO


Key Metrics

Adherence to internal financial management norms

Timeliness and accuracy of business reporting

Completion of special projects


Revenue Management

Key Activities

Oversee the functioning of the credit control team and ensure that all deals are getting verified, checked and credit terms are as per organizational norms

Supervise the functioning of the invoicing team to ensure accurate and timely invoicing of the sales are being made

Ensure that all collections are banked as per norms, review the MIS frequently; Take corrective actions as required

Review AR, provisions/ write-offs, accruals and deferrals and take actions as required

Ensure appropriate Revenue Recognition as per policy and applicable standards and ensure adequate controls to prevent leakages etc


Key Metrics

Adherence to all norms and organizational procedures


Compliance and Audit

Key Activities

Develop processes and systems across the accounting and finance function to ensure compliance with statutory and regulatory norms

Oversee compliance to accounting norms and procedures with respect to contracts, employee and vendor payments, income tax, TDS, GST, RBI guidelines and other statutory norms

Oversee audits as an auditee (like IFCR, and Internal Assurance audit) and manage regulatory risks for the company; Provide clarifications as required by the auditors

Track action against observations and ensure closure of non-compliances

Revise policies to ensure compliance with changing laws in all jurisdictions where the company operates


Key Metrics

Timely completion of compliance and audit activities

No Non-Compliance in audits


Payables

Key Activities

Ensure timely payments to vendors/ employees (including payroll & related compliances, reimbursements) while maintaining adequate controls, proper accounting and process efficiency

Review payables, provisions/ write backs, advances etc. and take appropriate actions depending on requirement

Ensure adherence to applicable policies like anti-bribery etc. and initiate actions to strengthen the same in the organization


Key Metrics

Timely release of payments


Financial Reporting

Key Activities


Support month end and year end closing

Support the Quarterly and Annual Reports and manage the internal and external review for these documents

Prepare quarterly earnings release

Monitor and ensure timely identification and compliance with evolving accounting guidance, provide IFRS/ Ind AS interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner

Communicate and explain accounting issues and evolving accounting guidance to the management team

Manage communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues

Assist in the coordination of annual audit and quarterly review activities of external auditors

Supervise international accounting and issue identification and resolution

Create, implement and maintain comprehensive worldwide accounting policy documents to improve clarity and consistency

Implement and maintain reporting procedures to comply with internal control requirements

Perform continuous assessment of the close process and process re-engineering to reduce the timing to close the financial period


Managing team performance

Key Activities

Track team performance at an overall and individual level and provide support/ guidance wherever required to ensure achievement of yearly plans

Manage effective resource allocation across different teams, enhance the capability quotient of team members and drive higher team engagement through appropriate HR interventions


Key Metrics

Team engagement score

Attrition


Qualifications and experience


The ideal candidate would be a highly accomplished finance professional with significant leadership experience and strong business acumen. S/he will, inter-alia, meet the following requirements:

Chartered Accountant/ MBA 12 - 15 years of post-qualification experience, holding roles of increasing responsibility in the finance function.

Prior experience in Pharma or Listed Entity will be preferred


Technical competencies

Strong process acumen

Understanding of finance workflows and processes

Understanding of accounting and taxation norms

Knowledge of all relevant financial and legal statutory norms

Digital-savviness and understanding of tech implementation of finance processes


Behavioral competencies

Strategic thinking

Business acumen

Process orientation

Effective stakeholder management

Innovation and creative thinking



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