Sr. Team Member – FP&A

Division Department Sub Department 1 Job Purpose

Provide insights that drive business decisions, improve financial performance and support long term growth by overseeing budgeting, forecasting and executing strategic financial analysis 

Deliver annual plan and focus on sustainable value creation through automation of systems and processes, effective communication, strong collaboration with BUs and Functions and action oriented recommendations while adding competitive impact to enable management  achieve desired performance metrics

Key Accountabilities (1/6)

Deliver detailed scorecards(management P&L)  for the month &  full comparison to the plan  to help management identify successes and areas of improvement

• Prepare the monthly reporting package of the company's financial performance versus budget and forecast
• P&L and key performance metrics reporting
• Review monthly flash on business performance (sales by BU & provisional P&L / LBE)  and work on quarterly forecast updates by coordinating with all BU's and functions
• Provide visibility to the leadership on the key business risks - sales, mix, costs, competition
• Enhance the quality of the investor relations material to provide better external communication
• Ensure complete reconciliation between statutory and management reporting

Key Accountabilities (2/6)

Conduct P&L reviews and MFSC calls to gain business intelligence  which enables forecasting with multiple scenarios and sensitivity analysis to enable better decision making

• Conduct MFSC and P&L review calls to gain visibility on quarterly sales and profit for each BU
• Forecast the quarterly P&L with all insights from BU's and prepare sensitivity analysis around the same
• Holding actual vs budget discussions with BUs and prepare overall summary for management
• Identify risks & opportunities in P&L delivery - one offs, recurring costs assessment
• Enable management with decision making to deliver quarterly P&L
• Prepare further reports as per ask from CEO / CFO, coordinate with BU's to get requisite details

Deliver concise and comprehensive Board presentations on Quarterly Results

• Prepare the financial and non-financial sections of Board presentations along with Executive Summary
• Detailed analysis of financial metrics and various operational performance metrics
• Prepare bridge for explanation of variance between actual results and forecasted outcomes
• Include updates on strategic initiatives and progress towards long term goals and objectives

Key Accountabilities (3/6)

Partner with BUs and Functions to achieve cost management and delivery of annual plan

• Partner with One India BU for end to end activities related to BU on sales, P&L and automation
• Provide BU insights with respect to external data benchmarking of IPM at various levels including therapy and molecules
• Work with corporate functions & BU CFOs for ring fencing & cost control
• Finance business partner to HR assisting in discussion on HR opex and people cost

Drive Compliance and Simplification to ensure proactive decision making

• Automation - Automation of management books to improve analytics and help in timeline reduction of tasks
• Design and deployment of Corporate Dashboards / Scorecards to provide insights for decision making
• Assist in automation of one off special project asks

Key Accountabilities (4/6)

Design the annual operating plan / budget and forecast future performance for the company to monitor and control performance (growth & margins)

• Lead the process for developing the annual consolidated budget
• Work with the BUs/Functions on the next year budget planning for bottoms up
• Integrate the budget plans for one central budgeting & P&L prep
• Provide trend based and BU LBE guidance to business leadership team
• Simulation based forecasting for the quarterly & full year P&L
• Hold critical UPSI data of budget and 5 year projections of the company
• Prepare the budget deck for presentation and approval to the Board

Key Accountabilities (5/6)

Provide inputs for external stakeholders on routine / need basis including quarterly investor calls

• Assist in preparation and validation of data for any external stakeholders on routine / need basis
• Provide inputs in quarterly investor calls  to CEO / CFO and assist investor relations team in queries from investors

Work on Annual report creation and assist in  AGM QnA preparation

• Actively work on integrated annual report preparation as per asks from CS team
• Assist in preparing a detailed questionnaire for preparation of Q&A part in AGM

Key Accountabilities (6/6)

Benchmark vs peer group to identify scope for improvements and undertake special projects as required

• Benchmark different market sales basis external market research data available and provide insights
• Benchmark market valuation of competitors and reasoning for variances
• Help different teams in the organization on special/one-off projects/requests/analysis

Major Challenges

• Data accuracy and Integrity is of utmost importance in this critical role of management reporting considering multiple data sources are received from global teams ensuring sum of parts equals corporate roll up (Automation projects taken up to reduce manual intervention)
• Forecast Uncertainty – Quarterly forecast for management depends on external uncontrollable factors like market volatility and business disruptions challenging assumptions built in sensitivities  
• Role demands Cross-functional collaboration from global teams ensuring efficient stakeholder management to get timely business insights
• Improving forecast agility and accuracy (Streamlining the forecasting process to address the changing market conditions and establishing a driver based rolling forecast process)
• Increased demand for delivering real-time and up-to-the-minute results to leadership team through consolidating & analysing inputs from multiple sources (Automation & Standardisation)

Key Interactions (1/2)

• BU CFOs and BU Finance Team (Monthly; Business Analysis & intervention plans for keeping performance on track)
• Corporate Finance Team - Accounts/Costing/Tax/Treasury (Monthly; P&L closing activities)
• Corporate Functions (Monthly; Cost plans, actuals & intervention planning to help deliver the plans)
• Investor Relations Team (Quarterly; Database preparation and message & content creation)
• CS team of annual report
• CEO and CXO data for comparative analysis

Key Interactions (2/2)

• Consultants (one-off / special projects)
• Auditors – internal and statutory auditors

Dimensions (1/2)

Revenue: Rs 25000 crs plus

EBITDA Rs. 6000 cr plus

Global BU's : 5+

One India Revenue : Rs 10000 cr plus

Company code consolidation : 25 plus

Dimensions (2/2) Key Decisions (1/2)

Decisions related to resolving issues and questions by BU Finance as the first point of contact for issues

Decisions on Forecasting assumptions based on business insights and sensitivity reporting based on multiple scenarios  

Early warning signal to financial health of the company – escalate triggers to senior leadership ​​​​​​​

Key Decisions (2/2)

Recommendations on budget allocations/ring fencing for BUs/Functions at time of annual budgeting based on analysis of current & past trends of revenue and expenses

Recommendations on intervention plans for keeping performance on track based on expenditure analysis, industry/peer group comparisons

Recommendations related to developing standard financial models/templates distributed for use by Finance Team during planning process to ensure quality and accuracy

Education Qualification

Chartered Accountant / MBA – Finance

Relevant Work Experience

4-5 experience

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