Senior Executive - Finance

Job Description

About the Role As ADVANZ PHARMA continues to strengthen its position as the partner of choice for specialty, hospital, and rare disease medicines, we have an exciting opportunity for a Senior Executive Sales & Receivable. Assisting Commercial/business team on regular interval for best business processes & ensure correct practices are followed. Co-ordinate with internal customers to update Finance views for distribution agreements. Validate Revenue accounted by the Commercial/Business Team in the system is correct as per the Sales/Depot reports received from Distributors. Reply to internal/external queries within 24-48 hours of receipt of queries. Preparation of Receivables reports to track overdue customers. Perform/review allocations/offset/contra entries in SAP. Ensure Invoice postings in the same month in case of stocks ship out & all related processes followed for correct revenue recognition from an IFRS15 perspective. Review customer reconciliation on a monthly/quarterly basis for balances and GTN items. Perform Margin & Other Reconciliation of API/FG and profit/revenue share/royalty models for distributors on regular intervals and update to Management on current status. Review monthly Deferred revenue release upon receipt of Stock and Sales report from Distributors for the International region. Processing of all types of revenue rebates with help of agreements/records. Regularly support commercial/cross-departments to follow Internal Control (Sox compliance) for revenue/receivable accounting functions. Ensure escalation if the queries are not addressed by Customer/ Internal customers within stipulated timeline. Assist auditors in providing support and documentation on internal processes for accounts receivable/revenue functions and completion of statutory audits on time. Ensure Commercial/Business units accrue for monthly expenses (distribution fees, commission, territory cost, etc.,) against sales without fail using the PO process or accrue through Finance. Continuously looking for areas of development/improvement regarding Sales/ AR functions & assisting team/ other members to follow rationale processes to improve the quality of work. Ensuring that Internal Controls (Sox compliance) procedures are properly followed as per process narratives by respective teams. We are looking for highly motivated individuals who are passionate about making a meaningful difference to patients lives. For this role, you will also have the following: Qualifications: Graduate/post-graduate with preferably Finance/accounting background. Knowledge, Skills & Experience: Significant experience in Sales & Accounts receivables function, especially in Revenue accounting, Sales reconciliation, AR audits, etc. Thorough understanding of SAP FICO and SD module. Excellent interpersonal, communication, organizational skills, and attention to detail. Good Analytical, reasoning skills and logical thinking. Ability to handle pressure situation, good understanding of IT systems. Aware about pharma operations like regulatory / manufacturing. Self-starter, result driven and a good team player. A positive and can-do approach , biased towards finding solutions and embracing change. Inspired by our values of entrepreneurship, speed and integrity. Learning agility and scalability , with a desire to continuously improve and develop as ADVANZ grows. Work collaboratively across all business functions with an open, honest, and respectful cooperation. Ability to have fun and thrive in a growing, unique, and inclusive work environment.