Job title : Head: Finance SA & One Africa Controller
Job Location : Western Cape, Cape Town
Deadline : December 27, 2024
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The incumbent of this position would be responsible for the Finance function of Cipla South Africa (SA) and Financial Controllership spanning the full Africa business. The Africa business has been evolving continuously over the decade with new geographies being added. Recently, the North Africa business has been included wherein there are multiple countries/regions across various legal entities as well as numerous 3rd party partnerships / minority shareholdings. The added complexity requires the incumbent to manage these relationships and partnerships with the necessary maturity and EQ, while balancing the needs of the business. SA Commercial Business: Partner with diverse business functions across SA to deliver top and bottomline growth targets while driving impeccable governance and compliance frameworks to drive critical decision making and achieve organizational objectives. Financial Oversight – Co-own the P&L (FY25: Revenue ~$360m & MC ~ 26%) and financial performance of the South Africa Business. Management of Marketing and Data Fee process and payments (most significant business expense). Collaborate with the SA FP&A finance function - Provide decision analysis support, play a key role in finalizing budget and resources allocation, monitor and report actual performance against KPIs. Collaborate with the SA manufacturing finance function - by overseeing effective forecasting, planning, budgeting and managing of financial resources to deliver on key financial metrics. Strategic Finance Lead for Brandmed (Cipla Investment) partnering closely with Brandmed senior management team and external stakeholders such as potential partners and investors. Establishing and managing business performance targets, and sales, profits, costs, staffing levels and whilst governing controls and procedures. Market Intelligence: The incumbent has to assist in market and competitive analysis to ensure alignment with current market trends and profitability opportunities. Accounting, Controlling & Tax: The candidate (working closely with the Lead Africa Corporate Accounting, Tax and Internal Control Manager) is responsible to ensure adherence to accounting standards across the Africa business to consistently achieve desired level of financial performance.
Major activities involved here are: Drive all activities for maintaining a robust balance sheet and clean profit and loss accounts and consolidate across Africa entities. Develop and institutionalize a sound Cash Flow Model to deliver improvement in cash position. Manage working capital requirements and metrics along with monitoring and resolving noncompliance, taxation and audit issues. Define and govern implementation of policies, procedures and standards, as per the local and Cipla global requirements and also oversee compliance with Government pricing, Transfer pricing, Tax laws, Audits etc. Assume responsibility as (or appoint) a Public Officer for all South African entities.
Financial Shared Services: Manage relationship with Global Financial Shared Services (FSS) within (primarily) Order to Cash (OTC), Procure to Pay (P2P) and inventory functions. Define scope between Off-shore activities provided by the FSS and any local functions. Ensure processes are streamlined and working effectively. Track and share performance metrics and drive process improvement. Governance: The candidate has to implement all governance and compliance related activities in order to ensure – drive best in class governance. Major activities involved here are: Propose critical audits and ensure audits are carried out as per requirements and timely resolution of issues and act as key interface between finance and various functions. Standardize all finance practices assuring alignment with group finance practices, processes and systems and ensure effective and efficient delivery of financial processes, ensuring control risk is mitigated with sound controls. Promote ethical and responsible decision-making and safeguard integrity in financial / nonfinancial reporting whilst ensuring timely and balanced disclosures and recognising and manage risk.
Accounting / Financial Services jobs