Senior Manager Financial Planning & Analysis

Posted 2 Days Ago
Be an Early Applicant
3 Locations
Senior level
Healthtech
The Role
The Senior Manager of Financial Planning & Analysis leads sales forecasting, budget forecasting across departments, and ensures accuracy in monthly accounting processes. This role involves analysis of balance sheets, vendor settlements, cost changes, financial scenario analysis, and continuous improvement of reporting processes. The manager will monitor business performance and support audits, providing insightful reports to stakeholders.
Summary Generated by Built In

JOB DESCRIPTION:

FP&A Role:

- Sales forecasting at SKU/Brand/Channel/Account/Region/State level along with gross realisation, GTN, Price Increase, Elasticity, Cost Increase Assumptions, Gross Margin Profile.

- Forecast budgets for various P&L lines/ departments/ expense types with proper business justification. Conduct analysis with sales and P&L profile vs previous benchmarks.

Ensure accuracy & hygiene of the monthly accounting process – including Std cost, TCGM and ensure proper review of monthly provisions prior to book close.

- Responsible for balance sheet forecast and actual analysis vs forecast, maintain aging of balance sheet items and follow up for pending claims/outstanding/open amounts.

- Prepare rlbe balance sheet review and deep dive submissions. Review various buckets of balance sheet including other accrual liabilities.

- Review vendor advance for settlements against the invoices, open PO tracking against the accruals and commitments.

manage standard cost change exercise during rlbe and stand cost roll up a year end for next year.

- Ensure accuracy & hygiene of the monthly accounting process – including Standard Cost, TCGM and ensure proper review of monthly provisions prior to book close.

- Assist in the preparation of scenario analysis, Brand Profitability, Channel Profitability, Regional PnL and other Financial decisions for all BUs including price, discount, incentives and SG&A.

- Drive continuous Improvement in functional reporting by simplifying processes and leveraging existing systems. Prepare the monthly Business Health monitor/Dashboard by providing the necessary finance inputs

Responsible for CFM policy and DPO policy compliances, accrual analysis, capital expenditure and depreciation planning and monitoring, tax related matters and implications on P&L.

- Monitoring of Std Cost, Gross Margin performance, Freight & distribution, SG&A budget vs actual monthly for all departments/ cost centers, etc

Work on accrual management with CFS/functional teams on Financial Closing on a monthly basis.

- Understanding business, its key drivers and the impact on the business of the company and drive company policies effectively

Monitor business performance (revenue/profit/overhead/utilization/pipeline, HC & other KPIs), investigate variances and provide analysis of differences with focus on improving performance.

Support the audit process (Internal and Statutory) from the view of Business Finance

Generate strong insightful management analysis reports which would provide insights to all stakeholders.

The base pay for this position is

N/A

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:Financial Planning and Analysis

DIVISION:ANI International Nutrition

LOCATION:India > Mumbai : BKC Building

ADDITIONAL LOCATIONS:

WORK SHIFT:Standard

TRAVEL:Yes, 10 % of the Time

MEDICAL SURVEILLANCE:Not Applicable

SIGNIFICANT WORK ACTIVITIES:Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)

The Company
Abbot Park, IL
97,838 Employees
On-site Workplace

What We Do

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.

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