**Finance Manager - Spain**
**Madrid**
**Madrid, Community of Madrid, ES**:
**Job Purpose**: Provide proactive financial leadership for Spain business by developing analytical and financial insight for all important long and short-term decisions. Initiate controls and measures that will help strengthen the financial health of Cipla.
**Responsibilities**:
- Sales controlling / GTN
- Develop various price/volume/sales scenarios in close collaboration with the tender department.
- Provision monitoring of sick fund invoices.
- Initiate controls and measures that will help strengthen financial health of Cipla.
- Review Customer contracts and set credit limits and credit terms to Customers in consultation with Contracts team.
- Track receivables with timely reminders being sent to ensure healthy cash flow for the business.
- Close financial books as per the corporate timeline.
- Implement credit control as per the credit policy.
- Ensure timely closure of audit books.
- Maintain Daily Sales Outstanding (DSO) and sales hygiene to stipulated levels.
- Accounts Receivable (AR) / Accounts Payable (AP) Process.
- Review and get respective approvals for supplier invoices.
- Ensure AP is properly accounted for in the AP subledger.
- Manage company card and expense management.
- Coordinate with the third-party suppliers for invoicing and AR.
- Review bank accounts for product revenue and other operating related deposits to record.
- Responsibility for setting internal and external financial policies such as DSO and external limits and terms for customers in coordination with the Contracts team.
- Reconcile AP payments to cash disbursements.
- Manage inquiries from vendors and consultants.
**Business Partnering**:
- Partner with businesses effectively to ensure long-term sustainable and profitable growth.
- Drive sustainable future business growth by focusing on quality of topline and understanding drivers of growth.
- Analyse and drive competitive insights leading to market beating growth.
- Drive spends efficiency & control.
- Evaluate and drive potential M&A;, In-Licensing deals etc. that meet strategic needs of the business.
- Steer along with supply chain on Inventory levels optimization and working capital management.
- Prepare LBE and share revised target with the Management on real-time basis to communicate the same.
- Develop systems to drive growth for a strong future organization.
- Banking system implementation. Setting up back-office team for AP / AR activities.
- Initiate discussions with IT team for systems.
- Provide business insights to CM & Business & support them in taking informed decisions in order to deliver long-term sustainable & profitable growth.
- Develop Business Understanding to assist in formulating Strategic Growth plan share business information & insights to drive growth and improve profitability.
- Monitor & discuss details on - LBE, MOR, division flash, and marketing spends.
- Propose tail rationalization to trim down unprofitable SKUs & ensure complexity reduction.
- Conduct monthly market visits to gauge competitor performance and for market intelligence.
**Simplification & Controls**:
- Drive business process simplification (including automation) and implement better control to ensure business is done in a simplified and compliant environment.
- Drive automation of reports to reduce manual processes & save time.
- Identify and execute areas of process simplification to drive improvement in Bias for Action.
- Partner with consultants/auditors in driving different business process improvements/audits - ensure that they are relevant and enforceable in the given business environment.
- Ensure that all existing SOPs and Delegation of Authority are complied with - any deviation to the same is properly evaluated and corrective actions.
**Skills & Knowledge**:
- Educational qualifications: Bachelor’s degree in economics with a focus on finance, controlling or accounting.
- Relevant experience: Minimum 3-5 years of post-qualification experience.
- Analytical and data analysis skills, decision making skills and attention to details as well as proposing creative solutions.
- Strong proven business partnering mentality with the maturity and awareness to strike a balance between facilitating and challenging the business.
- Result-oriented individual, with a strong work ethic with a positive “can-do”-attitude.
- Initial experience in the Spain healthcare market/tender market desirable.
- Fluent in Spanish and English.
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