Manager – Commercial Finance

About AstraZeneca :

AstraZeneca is a global, science-led, patient-focused biopharmaceutical company that concentrates on the discovery, development and commercialization of prescription medicines addressing some of the planet’s most serious diseases. But we’re more than one of the world’s leading pharmaceutical companies.

Job Description:

As the AZ India Commercial Finance Manager, you will support the AZ India Country Finance Business Partner (CBP)/ Controller in ensuring robust cash collection processes, pricing compliances, manage credit risks, automate and simplify finance processes, supportdistribution &business teamsand ultimately drive achievement of the agreed growth drivers and country Financials.  

This role is a key local role, providing robust and insightful decision support to CFO, Controller FP&A and Business Unit Directors to enable delivery of our financialobjectivesat both operational and strategic level.

Major Responsibilities & Deliverables:

• Manage entire Commercial Finance – Support Order to Cash Process for smooth billing & execution, Collaborate with Sales, Marketing & Distribution teams on new product launch & readiness, application of best possible financial compliance as per AZ Commercial Policy

• Government Institution Business Finance Partnering – Approval for tender submissions, Review of Govt. overdue outstanding andtimelyfollow up actions

• Monitor & manage the credit control function independently, ensuring compliance with credit policies & procedures, provide suggestions for improving credit policies

• Complete hold on Account Receivable management including order hold release, DSO forecast submission, monthly/quarterly receivables position review with senior management, varianceanalysisand net realisation feasibility vs. budget/forecast

• Lead the pricing function - Preparation & Issue of Price Circular as per NPPA norms,timelycommunication of price changes to stakeholders, develop andmonitorcontrols to ensureaccurateMaximum Retail Price (MRP) and discountsupdationin SAP system 

• Periodical review of NRV for all the ongoing PAP schemes and preparation of workings for new PAP schemes

• Collaboration with Financial Planning & Analysis team on Sales, Sales return, AR, Bad debts provision planning & and detailed variance analysis at month end

• Responsible for monthly reporting to support Sales Management including month end closure and co-ordination with shared services team

• Co-ordinate with IT business support team on implementation of new customized user requirements in SAP on ad hoc basis

• Review and strengthen existing distribution, discount and PAP processes including digitisation whererequired.

• Simplify and automate finance processes, create Power BIdashboardsand lead other automation projects toimprove efficiencies

• Support the FP&A team with planning processes, monthly reports, pricingupdatesand other ad hoc requirements

• Statutory Audit/ Internal Audit/ Global Audit coordination

• Ensure statutory compliancepertaining toSOTC, GST/ Income Taxpertaining toSales

Key Stakeholderinteractions:

• Sales & Marketing Teams

• BU Directors and Country Leadership team

• Finance Controller, FP&A team, Tax and Risk Management teams

• Distribution team

• Regional Finance teams

• Market Access team

• External stakeholders – government institutions, authorised trade distributors, hospitals, etc

Essential Requirements:

• Chartered Accountant with 5 to 7 years of experience in Sales & distribution finance, Credit Control, AR Management, Pricing, preferably in Pharmaceutical, Medical Devices/ Healthcare/ Diagnostics Industry

• Strong academic background with good business acumen.

• Independently manages stakeholders with minimum supervision.

• Ability to independently set, adapt and communicate priorities with multiple concurrent projects.

• Sound analytical skills with profound knowledge in MS Tools (Excel, PowerPoint, PowerBI) & ERP (SAP knowledge preferable).

• Excellent communicator, able to build good working relationships with highly diverse internal stakeholders at Country & Regional level.

• Ability to develop Strategic Partnerships.

• Demonstrate AZ Values consistently.​

Why AstraZeneca?

At AstraZeneca, we 're dedicated to being a Great Place to Work. Where you are empowered to push the boundaries of science and unleash your entrepreneurial spirit. There’s no better place to make a difference to medicine, patients, and society. An inclusive culture that champions diversity and collaboration, and always committed to lifelong learning, growth, and development. We’re on an exciting journey to pioneer the future of healthcare.

You can find alternative messaging to use in the ‘Global Talent Attraction Story messaging’ section of the Global Playbook on the Employer Brand Portal - try to use other examples in order to make it different for candidates!

So,what’snext?

• Are you already imagining yourself joining our team? Good, because we can’t wait to hear from you.
• Are you ready to bring new ideas and fresh thinking to the table? Brilliant! We have one seat available and we hope it’s yours.

Where can I find out more?

Our Social Media, Discover AstraZeneca on LinkedIn https://www.linkedin.com/company/1603/

Follow AstraZeneca on Facebook https://www.facebook.com/astrazenecacareers/

Connect with AstraZeneca on Instagram https://www.instagram.com/astrazeneca_careers/?hl=en

If you have site, country or departmental social media then feel free to switch any of the above links.