Team Member- Controlling

**Division**:
Finance

**Department**:
EM & EU Finance

**Employment Type**:
**Job Purpose**:
The Manager - Finance for Cipla’s Europe market will be responsible for ensuring accurate financial reporting, compliance with local tax regulations, and efficient controllership of multiple legal entities and branches. The role aims to support business decision-making by partnering with the business team to monitor revenue, manage receivables, and improve financial processes through automation initiatives. The incumbent will play a critical role in maintaining financial integrity and fostering operational excellence in the Europe region

**Accountabilities (1/6)**:
**Controllership**
- Closing and reporting - Monthly, quarterly, annual month end activities including review of trial balance, P&L and balance sheet. Further, uploading of TB and inter-co elimination on BPC
- Ensure adherence to accounting standards, Cipla’s accounting policies, IFC and accuracy of reported numbers
- P&L and balance sheet variance analysis
- True-up workings to ensure adherence to transfer pricing policy
- Preparation and review of tax computations
- Coordinating with external consultants to ensure compliance with local regulations
- Identify control gaps, define and execute implementation of additional controls preferably system-based controls or manual controls.

**Accountabilities (2/6)**:
**Co-own the regional P&L and financial performance on revenue, profits, cash flow and ROIC for the Europe region in order to meet the desired growth for the organisation**
- Control over expenses for the regions and setting up of strong processes to avoid any leakages on profitability
- Provide proactive financial support for the region by developing analytical and financial insight for all important long and short-term decisions
- Establish and manage Country financial control processes, including quarterly and annual financial planning, goal setting, and target monitoring, as well as budgetary and purchasing controls
- Deliver revenue and profit targets by meeting and exceeding budget numbers in order to ensure the desired growth for the organisation
- Champion Fuel for Growth and Cost Optimization: Deliver cost reductions in all areas.
- Identify sufficient opportunities in order to manage and cover for business risks
- Driving business partnering agenda, supporting transactions, pricings, margins

**Accountabilities (3/6)**:
**Drive financial excellence by ensuring that working capital is on target and cost management is in place**
- Drive working capital management by managing inventories, accounts receivables, payables and cash in order to ensure effective cost management

**Drive governance and legal compliance through regular audits (internal and external), risk management, review of contracts in order to ensure statutory compliance and avoid fraud risks**

**Ensure tax compliance and maximise tax planning opportunities**
- Champion the governance agenda
- Manage all country relations with external auditors and stakeholders, and prepare country functions for all relevant regulatory and tax audits by ensuring adherence to necessary financial, administrative and corporate compliance standard and 100% compliance to statutory requirements
- Drive local reporting and ensure on time, accurate submissions while ensuring compliance with OneCipla guidelines
- Ensure compliance framework is adhered to by proactively managing internal audits, closing any findings timeously and implementing suggestions / recommendations as applicable
- Drive automation of processes to align with Global and maximise efficiencies
- Drive global collaboration and ensure alignment across all key functions
- Review all contracts for legal risks in order to adhere to legal compliance and guidelines with help of legal team
- Ensure timely submission of all tax returns
- Maximise tax planning opportunities through legally compliant mechanisms

**Accountabilities (4/6)**:
**Develop and manage key stakeholder relationships by working closely with them and communicating on a regular basis in order to achieve the strategic objectives in a smooth and effective manner**
- Align key stakeholders - marketing and sales managers, region and country management in the sales and regulatory units - on Finance business objectives and strategies.
- OneCipla - ensure best practices from both sides (Europe/India) are shared and implemented
- Lead efforts across region to understand and address disparate opportunities and challenges related to finance
- Identify financial management best practices and leverage them for the Europe region and provide an active role in determining efficiency opportunities
- Manage relationship with the independent subsidiaries of Cipla and oversee their functions sales, marketing, finance, taxation and treasury in order to streamline operations and business

**Accountabilities (5/6)**:
**India and Europe subsidiary connect**
- Be the connect between India off