Executive - Finance

Glenmark Pharmaceuticals; North Goa; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Glenmark Pharmaceuticals is seeking a Finance Manager in North Goa, India, responsible for managing all financial functions of the plant. This role emphasizes establishing and maintaining robust internal controls, ensuring compliance, and enabling informed decision-making.

The ideal candidate will lead budgeting and forecasting processes, monitor financial performance, and identify risks. Required qualifications include a CWA or MBA and 4-5 years of relevant experience.

Qualifications

• 4-5 years of experience in Financial Planning & Analysis.
• Proficient in financial controls and accounting practices.
• Strong analytical skills with attention to detail.

Responsibilities

• Ensure financial integrity and compliance with internal controls.
• Lead budgeting and forecasting processes for the plant.
• Identify and mitigate financial risks through effective governance.
• Manage CAPEX budgeting and asset management.

Skills

Financial Planning & Analysis

Cost Management

Internal Controls

Budgeting

Forecasting

Education

CWA / MBA

Tools

SAP

Job description

Role:

This Person will be responsible for managing all financial functions of the plant with a particular focus on establishing, maintaining, strengthening, and monitoring internal controls. The role ensures financial integrity and compliance, enabling informed decision-making, cost control, risk mitigation, and safeguarding of assets.

Key Responsibilities:

1. Financial Control & Accounting

• Maintain accurate books of accounts for the plant: general ledger, fixed assets, inventory, cost and variances. By regularly scrutinising GLs both P&L and Balance sheet.
• Lead the month-end, quarter-end, and year-end closing process; ensure timely and accurate financial statements.
• Oversee the costing systems (product costing, cost of goods sold, overhead allocation), ensuring accuracy and consistency understanding cost drivers + levers to pull for cost correction/optimisation.
• Monitor inventory accounting (raw materials, WIP, finished goods), ensure reconciliations, Identify actions for minimizing write-off & maximise usage minimize write-offs and shrinkage.

2. Internal Controls & Compliance

• Design, implement, and maintain a robust internal control framework aligned with corporate policies, accounting standards, legal/regulatory requirements.
• Carry out periodic control risk assessments to identify control gaps across accounting, procurement, inventory, fixed assets, etc.
• Ensure policy and procedure documentation; drive awareness and compliance with these across the plant.
• Support internal and external audits: prepare schedules, respond to audit queries, implement corrective actions for audit findings changes to be done in process in addition to corrective actions.
• Ensure compliance with statutory tax, regulatory, and legal requirements.

3. Budgeting, Forecasting & Performance Analysis

• Lead the plants budgeting and forecasting processes in collaboration with the Plant Team.
• Monitor performance against budgets/forecasts; analyse variances; propose corrective actions.
• Provide insights on cost drivers, efficiency improvements, cost saving opportunities.
• Identify key parameters and monitor those parameters on daily/weekly basis.
• Lead & monitor Cost Saving/efficiency/projects taken up on part of plant.

4. Capital Expenditure & Asset Management

• Manage CAPEX budgeting, evaluation & due diligence (ROI, payback), tracking and capitalization.
• Ensure proper controls over capital projects: approvals, vendor payments, cost tracking, documentation, and physical verification of assets.
• Review IOs already created, check for present status and close IOs which are not in use. Also, savings to be knocked off from IOs.

5. Risk Management & Governance

• Identify financial risks (operational, process, fraud etc.) and propose mitigation plans.
• Ensure controls designed are operating effectively; run control testing / self-assessment programs.

6. Finance Business Partnership & Stakeholder Management

• Work closely with plant operations, procurement, maintenance, quality, etc. to ensure finance inputs are integral to decision making.
• Provide financial insights to support operational improvements and cost optimization.
• Collaborate with Shared Services / Corporate Finance / Tax / Legal to ensure alignment of processes, policies and system changes.

7. Process Improvement & Systems / Digitization

• Identify opportunities to streamline finance and control processes (automation, digitization, system enhancements).
• Reduction of manual work to IT reports and cut down time.
• Coordinate with other Plants and drive implementation of best practices in financial processes and controls.
• Clean up control/hygiene issues in SAP.

CWA / MBA 4-5 Years

Experience from Financial Planning & Analysis preferred.