Executive - Finance

Piramal Pharma Limited; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Piramal Pharma Limited in Mumbai is hiring an Executive - Finance to oversee sales order processing, pricing administration, claims verification and receivables management, supporting financial discipline.

The role involves coordinating with Sales, Supply Chain, and CFAs, maintaining internal controls, and driving automation and reporting to enhance efficiency and governance.

Responsibilities

• Sales Order Management: Ensure timely release of sales orders on all working days, including Saturdays. Verify pricing accuracy before order release to support achievement of sales targets. Coordinate with sales and supply chain teams to resolve order-related issues promptly.
• Pricing & MRP Administration: Maintain a clear understanding of company pricing structures and policies. Upload and update pricing and MRP changes in SAP accurately and within defined timelines. Ensure consistency and accuracy of pricing data across all channels.
• Distributor Claims Verification: Review and validate distributor claims as per company policies and approved schemes. Coordinate with relevant stakeholders for claim approvals and settlements. Maintain proper documentation and records of claims processed.
• Receivables & Overdue Management: Prepare overdue reports and monitor outstanding receivables. Follow up with customers and stakeholders to ensure timely collection of payments. Track payment status and ensure overdue balances are cleared as per collection plans. Escalate critical cases to management when required.
• Customer Account Reconciliation: Conduct quarterly reconciliation of customer accounts and key account chains. Identify and resolve discrepancies in customer ledgers. Obtain balance confirmations from customers and maintain proper records.
• Financial Controls, Policies & Automation: Review existing financial processes and policies periodically. Identify opportunities for automation and process improvements. Implement approved automation initiatives to enhance operational efficiency, compliance, and reporting accuracy. Support adherence to internal controls and financial governance standards.
• Bayer Claims Reimbursement Coordination: Coordinate with the Bayer team for quarterly claim reimbursement finalization. Ensure timely submission, verification, and closure of reimbursement claims. Maintain accurate records and supporting documentation.
• Credit Note Management: Raise Credit Notes (CN) as required based on approved claims, adjustments, and commercial agreements. Ensure timely processing and accurate accounting of credit notes.
• Cross-Functional Coordination: Work closely with Supply Chain teams and CFAs to resolve operational and commercial queries. Support business continuity through effective stakeholder management and communication.
• MIS Reporting & Business Insights: Prepare and share periodic reports and data with management. Analyze commercial and financial data to provide actionable insights. Support decision-making through timely and accurate reporting.

Job description

Be the First to Apply Job Description Executive - Finance

To ensure efficient commercial operations by managing sales order processing, pricing administration, claims verification, receivables management, account reconciliation, financial process improvements, and cross-functional coordination to support business objectives and maintain financial discipline.

• Sales Order Management Ensure timely release of sales orders on all working days, including Saturdays. Verify pricing accuracy before order release to support achievement of sales targets. Coordinate with sales and supply chain teams to resolve order-related issues promptly.
• Pricing & MRP Administration Maintain a clear understanding of company pricing structures and policies. Upload and update pricing and MRP changes in SAP accurately and within defined timelines. Ensure consistency and accuracy of pricing data across all channels.
• Distributor Claims Verification Review and validate distributor claims as per company policies and approved schemes. Coordinate with relevant stakeholders for claim approvals and settlements. Maintain proper documentation and records of claims processed.
• Receivables & Overdue Management Prepare overdue reports and monitor outstanding receivables. Follow up with customers and stakeholders to ensure timely collection of payments. Track payment status and ensure overdue balances are cleared as per collection plans. Escalate critical cases to management when required.
• Customer Account Reconciliation Conduct quarterly reconciliation of customer accounts and key account chains. Identify and resolve discrepancies in customer ledgers. Obtain balance confirmations from customers and maintain proper records.
• Financial Controls, Policies & Automation Review existing financial processes and policies periodically. Identify opportunities for automation and process improvements. Implement approved automation initiatives to enhance operational efficiency, compliance, and reporting accuracy. Support adherence to internal controls and financial governance standards.
• Bayer Claims Reimbursement Coordination Coordinate with the Bayer team for quarterly claim reimbursement finalization. Ensure timely submission, verification, and closure of reimbursement claims. Maintain accurate records and supporting documentation.
• Credit Note Management Raise Credit Notes (CN) as required based on approved claims, adjustments, and commercial agreements. Ensure timely processing and accurate accounting of credit notes.
• Cross-Functional Coordination Work closely with Supply Chain teams and CFAs to resolve operational and commercial queries. Support business continuity through effective stakeholder management and communication.
• MIS Reporting & Business Insights Prepare and share periodic reports and data with management. Analyze commercial and financial data to provide actionable insights. Support decision-making through timely and accurate reporting.

Piramal Pharma Limited, offers a portfolio of differentiated products and services through its 17 global development and manufacturing facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business; and the India Consumer Healthcare business, selling over-the- counter products. In addition, one of PPL's associate companies, AbbVie Therapeutics India Private Limited is a JV with AbbVie Inc. and has emerged as one of the market leaders in the ophthalmology therapy area. Further, PPL has a minority investment in Yapan Bio Private Limited. In October 2020, PPL received a 20% strategic growth investment from the Carlyle Group.

PPL provides equal employment opportunities to all employees and applicants for employment. It prohibits discrimination and harassment based on race, color, age, sex, religion, national origin or ethnicity, disability status, genetics, protected veteran status, sexual orientation, gender identity, or expression, or any other characteristic protected by applicable law. Our employment decisions are based on merit considering qualifications, skills, performance, and achievements. Equal employment opportunity applies to all terms and conditions of employment, including recruitment, selection, training, social programs, placement, promotion, demotion, compensation and benefits, transfers, terminations, and working conditions.