Finance Business Partner & Controlling - EMEU

Cipla; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Cipla in Mumbai seeks an experienced finance professional to drive FP&A and business partnering across markets. You will lead budgeting, forecasting, and long-range planning, monitor P&L and working capital, and collaborate with Sales, Supply Chain, and Legal teams to optimize profitability and ensure compliance.

The role emphasizes data-driven decision making, risk assessment, and leadership in delivering timely financial insights to senior management across geographies.

Responsibilities

• Monitor actual performance and provide inputs on budget and variance analysis to management.
• Review P&L monthly and advise on cost control and pricing opportunities.
• Monitor inventory levels and flag non-moving or excess stock to reduce wastage.
• Review new contracts to ensure terms are not onerous and ensure compliance before entering transactions.
• Assess new business deals and funding needs; perform financial due diligence and highlight risks.
• Lead annual budgeting, quarterly forecasting and long-range planning for Asia & LATAM markets.
• Coordinate with audit teams to address observations and drive process improvements.
• Ensure timely submission of forecasts aligned with timelines and assumptions.
• Collaborate with Commercial teams across geographies to present insights and drive performance to leadership.

Skills

Budgeting

Variance analysis

Stakeholder management

Financial reporting

Job description

Job Purpose

Support the business to achieve the topline budget while protecting the bottom line with financial controls, partner & liaise with diverse functions across the organisation to deliver the desired results and help the management take informed business decisions in a timely manner. Also ensure timely & accurate financial reporting and compliance with all statutory requirements.

1.Business Partnering

• Monitor actual sales on a regular basis and provide inputs to the management on budget achievements and reasons for variances; Analysis of budget vs. actual (volume, price and mix) budgeting control.
• Work with business and submit 3 months rolling sales forecasts every month.
• Analyse Business risks & ops and SKU mix optimization.
• Analyse competition and provide insights to achieve market beating growth.

2.Improve margin and cash flow to achieve profitability targets

• Review P&Ls monthly and monitor all expenses against budget.
• Support the business in Pricing decisions for tenders, new products or launches and changes in market requirements.
• Monitor and evaluate key KPIs and share findings and highlight key areas for effective action.
• Drive better product mix, identify and implement COGS reduction ops & find pricing opportunities to ensure improvement in overall profitability of business.
• Follow up on receivables, liaise with customers and ensure minimal overdue.

3.Monitor continuous supply of products to ensure availability in the market while also keeping check on inventory quality & wastages

• Inventory management of the products based on sales.
• Analyse & raise red flags for non-moving/slow-moving or excess inventory being carried leading to business wastages.
• Ensure minimal CoPE/write-off risk.

4.Review new and existing legal contracts and arrangements

• Ensure compliance to all legal commitments as per commercial contracts.
• Review new agreements to ensure terms are not onerous for the company.
• Getting sanction checks and ensure compliance before entering any new transaction.

5.Evaluate new business deals & opportunities; highlight risks proactively and support the funding requirements & integration process

Evaluate the returns for the Company from any new product / brand or M&A deal; carry out necessary financial due diligence, capture all potential legal or commercial risks and share recommendations with management for decision making.

• Support all funding requirements by liaising with the parent Co. or banks as may be required.
• Help set up new business processes or integrate them with existing businesses.

6.Manage all accounting, banking and financial reporting activities

Co-ordinate with the local accountants/consultants for day-to-day accounting issues and ensure all monthly transactions are entered and maintained properly for 2 entities.

• Submission of Financial statements, templates, analytics, eliminations and other closing related information to Corporate Finance as per closing timelines and facilitation of year end statutory audit & reporting process.
• Review the financials monthly and deep dive into major variances and errors in accounting.
• Ensure Intercompany transactions accounting and reconciliation with India team.
• Help to standardise formats and reconciliations on a timely basis.
• Manage all banking transactions and optimise the payments process wherever required.

7.Controls, Compliance & Simplification

Co-ordinate with audit teams for all data requirements & initiate timely action against all audit observations to ensure the necessary processes are put in place to avoid repeat of same errors.

• Take initiative to contribute towards improvisation of system functions.
• Drive process simplification, automation and improve efficiencies.
• Ensure compliance with tax laws, transfer pricing requirements and local country laws and regulations.

8.FP&A

Lead annual budgeting, quarterly forecasting, and long-range planning for Asia & LATAM markets.

• Develop market-wise P&L forecasts, including revenue, gross margin, Opex, EBITDA, and working capital.
• Perform variance analysis vs Budget, Forecast, and Prior Year, highlighting key drivers and risks.
• Ensure timely and accurate submission of forecasts aligned with timelines and assumptions.

9.Stakeholder Management & Collaboration

Coordinate with Commercial teams across geographies for planning, reviews, and performance tracking.

• Liaise with Supply Chain, Manufacturing, Legal, HR, Costing, Business Development and Strategy for end-to-end business visibility.
• Present insights and financial performance to senior management and leadership forums.