Division Overview
Aurobindo Pharma USA, Inc. is a generic pharmaceutical manufacturer and distributor and is a wholly owned subsidiary of Aurobindo Pharma Limited. Headquartered in HITEC City, Hyderabad, India, the company was founded in 1986 and became a public company in India in 1992. Aurobindo Pharma USA, Inc. delivers a broad portfolio of quality, affordable generic pharmaceuticals to pharmacists and patients, with value through customer service in the distribution of a broad line of generic medicines and efficient controlled processes. Aurobindo operates in more than 125 countries and offers a portfolio that includes more than 180 product families and 800+ individual product packages. Aurobindo markets over 80% of the top 100 most prescribed products in the world and has historically received many ANDA approvals.
Job Overview
The Finance Manager, Revenue Reporting role is a specialized pharmaceutical finance position focused on reporting gross sales and net revenue by forecasting, analyzing, and accounting for all commercial and government rebates and deductions.
Responsibilities
- GTN Forecasting & Revenue Management
- Manage end-to-end GTN forecasting processes for generic pharmaceutical portfolios, and analyze gross sales to determine accurate net sales projections
- Build accrual models for Chargebacks, Medicaid, rebates, and Wholesaler fees, Returns reserve, and Distribution service agreements, Price protection
- Transactional validation to mitigate revenue leakage and customer deduction management, with dispute-resolution considerations
- Analyze customer agreements to mitigate revenue leakages and duplicate promotional discounts
- Identify process gaps and implement internal controls, assess workflows, find points of failure, and install safeguards to ensure operational efficiency, mitigate risks, and prevent fraud
- Financial Close & Reporting
- Lead month-end and quarter-end revenue close activities
- Prepare journal entries, reconciliations, and reserve analysis
- Perform actual vs forecast variance analysis
- Support external/internal audit requirements and SOX controls
- CMO products, royalty calculations
- Ensure compliance with IND AS and US GAAP revenue recognition standards
- Evaluate financial impact of pricing strategies and contract changes
- Monitor and review offshore team activities
- Monitor customer deductions and ensure timely remittance from customers’ OS invoices
- Analytics & Systems
- Develop GTN dashboards and KPI reporting
- Improve automation and forecasting accuracy
- Working exposure to ERP, Excel, Power BI, and GTN-related third-party platforms, preferably iContracts
- Drive automation in assigned areas
- Collaborate with internal and external stakeholders to close open issues
Qualifications – Skills & Requirements
- Experienced Finance Manager with expertise in US Generics Gross-to-Net (GTN) revenue accounting, forecasting, accrual management, and net sales reporting within the pharmaceutical industry.
- Strong background in managing complex GTN deductions, including chargebacks, rebates, Medicaid, admin fees, returns, and price protection programs.
- Skilled in variance analysis and cross-functional business partnering with Pricing, Contracts, Market Access, Commercial, and Government Pricing teams.
- Strong PC skills including Microsoft Word, Excel, PowerPoint.
- Ability to develop credibility and forge solid relationships with peers and upper management
- Outstanding Excel and data analytics skills
- Self-reliant, problem solver with a bias toward continuous operational improvement
- Strong financial, analytical, and technical accounting skills with the ability to provide effective financial analysis and insights on operational trends
Education & Experience
- Degree in Finance or Accounting (Finance graduate, MBA, CMA, or CPA)
- 3+ years of direct experience in a revenue reporting role for a large/mid-sized pharmaceutical company
Compensation: USD $60,000 – $90,000/Yr.
Physical Requirements
Office position. Duties include sedentary work at a computer terminal with occasional standing or walking. Specific vision abilities required for computer work. Light to moderate lifting may be required. Moderate noise typical of a business office environment.
Blood/Fluid Exposure Risk: Category III (no exposure to blood, body fluids, or tissues).