Finance Manager (Pharma Industry)
[September 22, 2022 ]
Cash and Bank Management:
Fund Requirement estimation based on find requirement of all departments and monitoring of fund requirement as per approved Budget.
Ensuring timely payment of all bills received for payment and advance payment. Periodical review of advances and it's settlement. Proper documentation of Payment and records.
Ensuring verification of cash balance as per SOP
Also ensure proper maintenance of Cheque register and preservation of Bank records including cancelled cheques.
Responsibilities of Accounting
Reviewing BRS every month. Supervising accounting entries for recording in SAP.
Ensuring correct monthly provision of Branch office exp and Distributor's claim.
Capital exp to be incurred after approval in global capex system. Ensure maintaining of Fixed Assets register at Branch office.
Coordination with Distributor's representatives, Auditor, Banks, Internal Auditor as and when required.
Implementation of Internal audit recommendations in finance function
Ensuring correct deduction of tax from salary and other payment
Timely deposit of tax to the govt authority
Timely submission of annual return and tax clearance of branch office from govt authority.
Complying with local bank regulations for branch office transactions.
Budgeting & MIS reporting:
Preparing Country Revenue, Expenditure and Capital expenditure Budget along with supporting details.
Report to Foreigner (Head)
Monitoring activity wise budget before releasing advance payment. Segregation of duties in finance function. Checking sample, bonus disbursement, special discount, tender sale from documents, comparative quotations against each purchase, implementation of standard fare chart for field force expenses. Budgetary Control of expenses, reducing Cash payments etc.
Providing MIS reports to Country head as per Country requirement. Product wise and Division wise FLS and SLS reporting in Ample logic. Updating Function wise Exp of different department in ample logic for the country.
Product pricing and COGS analysis.
Tracking of SLS, FLS and Stock as per stock reconciliation.
Supervision of Bill Processing:
Supervision of Branch office expenses bills processing against supporting (Ex : MPD Gift, print, Office exp, Rent, Prod registration, SAS, Other Promotion exp, Advertisement)
Verification of Employee Salary, Field Force Exp and Incentive (both BO and Distributor).
Ensuring Processing of Distributors Debit Note as per agreement clauses and finalization each month distributor's claim for booking. Matching claim of Sample, Bonus, Expiry with stock statement. Fx loss checking from BIG and Bank's supporting provided by distributor.
Ensuring compliances of DOA provisions in Expenses booking and in making Payment
-A bachelor's degree in Business Studies, Economics, Accounting or related field
-Have experience at least 4 years as similar role
-Good Communication in English
Working Days- (Monday - Friday, Saturday (2nd & 4th Saturday- 2days)