Finance Controller

 

 

 

 

 

 

 

Job Description Finance Controller - South Africa

 

 

 

 

GLENMARK PHARMACEUTICALS Glenmark Pharmaceuticals Ltd. is an innovation-driven global pharmaceutical company with a presence across

Specialty, Generics and OTC businesses. It focuses on the key therapeutic areas of respiratory, dermatology and

oncology. The company has 10 world-class manufacturing facilities spread across 4 continents and operations in over

80 countries. Glenmark is ranked among the world’s top 100 biopharmaceutical companies (Top 100 Companies

Ranked by Pharmaceutical Sales, 2020, by In Vivo/Scrip 100) and among the world’s top 50 companies in the off-

patent sector (Top 50 Generics and Biosimilars Companies ranked by Sales, 2020, by Generics Bulletin/In Vivo). The

company was listed on the Dow Jones Sustainability Index (DJSI), one of the world’s most respected and widely

accepted sustainability benchmarks, under the category of emerging markets (2021) for the fourth consecutive year.

For more information, visit www.glenmarkpharma.com

 

INNOVATIVE MEDICINES GROUP Innovation continues to be a key growth driver for Glenmark. In order to increase our focus on the in-house discovery

and development of novel molecules, we have created a distinct sub-group within Glenmark called the “Innovative

Medicines Group”. Through this division, we will continue the development of innovative therapies to address critical

unmet medical needs and to improve the lives of patients and their families with serious diseases. Our current

specialty pipeline consists of two respiratory molecules in various stages of clinical development, 1 molecule each in

the therapy areas of pain and oncology. Each of these molecules has the potential to improve patient outcomes by

proving to be safer and more effective than currently available0therapies.

 

 

 

 

 

 

 

 

 

80+ Countries have our

commercial presence

15th largest amongst US generic

pharmaceutical companies

in terms of volume*

 

 

 

 

 

 

 

 

 

 

 

 

 

ABOUT GLENMARK

50+ offices

across the globe

 

 

64% turnover from international

markets

 

1429

Number of inventions

till date

 

1284 patents granted

till date

 

USD 250 Mn+ Worth of cumulative

out-licensing deals signed

till date

COMPANY AT A GLANCE

 

 

18

10

13

25

34

0 10 20 30 40

ROW

API

Europe

USA

India

Revenue split (%)

1. MAT March 2021 | 2. As Per IQVIA MAT March 2021 | 3. IQVIA National Sales Perspectives Audit - Last 12 Months Ending March 2021 includes Generics and Branded Generics; Rx Only

USD 1.65 bn Global Revenue FY21-22

 

 

 

Designation: Finance Controller - South Africa Business Unit: MEA Function: Finance Location: Johannesburg, South Africa Reporting to: Deputy General Manager - Finance

 

The Finance Controller is responsible for end-to-end Accounting and Finance ownership support for Country; Supporting Business Head, Head of Finance & commercial teams with various different Analysis. Liaising with 3PL and / or distributor and / or Contract manufacturing for account reconciliation and accounting. Product costing, Budgeting, Forecasting and Management reports for the business, Cash Management, IFRS, Local VAT and tax compliances. Meeting with customers and follow up on Collections. Delegation and management of small Finance Team; Overall responsible for Country’s Finance, Accounting & FP&A.

 

Sr. Responsibility

1 Preparation of Financials as per local GAAP and IFRS with all annexure and reconciliations along with

Segmental P&L

2 Preparation of Actual P&L/Cash Flow/Balance Sheets as per the specified format from corporate

3 • Preparation of Forecasts P&L/Cash Flow/Balance Sheets

• Distributor agreement review

• In depth understanding and ownership of stock and sales movement & reporting

• Receivables management

• Distributor Claims validation and management

4 Business Partnering Support: in Profitability analysis, Business case preparation, Negotiation with customer / Vendor etc

5 Monthly reconciliation of Statutory books vs. MIS

6 Cash management and budgetary control

7 Active involvement in implementation of Accounting software and BI Tool

8 Budget preparation and Long Range Plan (3-5 years)

9 Liaising with 3PL, Distributor / Contract Manufacturing and Reconciliation of Stock and Accounting on a regular basis

10 Handing local statutory Audit & organization’s internal audit

11 Handing Tax Audit, VAT, Transfer Pricing, liaising with Local Consultant and India Corporate Taxation Team

12 Collection follow up with customers, Co-ordinating between distributor and customers on reconciliation

13 Coordination with local bank on requirements

POSITION DETAILS

ROLE OVERVIEW/ PURPOSE

OVERALL JOB RESPONSIBILITIES

 

 

 

 

14 Legal assistance

15 Other local country regulatory requirements compliance

• Secretarial assistance

 

16 Ad-hoc tasks

 

 

Collaborate with:

• Sales teams

• Head office staff

• Regulatory affairs

• Supply chain

• External stakeholders

Educational Qualifications

• CPA, CA or equivalent qualification. Or Part qualified with higher number of years’ experience SBU finance independently

Experience

• Minimum 5 years of experience in Financial Accounting and management, FP&A, Business support and local Taxation. Preferably in Pharma.

• ERP implementation experience will be an added advantage

Behavioural Attributes -

• Must be self-driven

• Must be well driven, flexible and can work with under pressure

• Can work independent or in teams

• Ability to build strong relationship with external contacts.

• Must demonstrate high levels of integrity

 

 

 

 

 

 

___________________________________________________________________________________________________________________ Employment at Glenmark is based on merit, competence, performance, and business needs. Glenmark prohibits unlawful discrimination as mandated by

applicable laws and extends to all its employees. Glenmark strictly prohibits retaliation against individuals who report harassment or discrimination, or who

participate in investigations into such conduct.

KEY RELATIONSHIPS/STAKEHOLDERS

DESIRED EXPERIENCE AND KNOWLEDGE