Factory Finance Manager - Invagen

Cipla • Central Islip, NY

296d • $150,000 - $215,000

About The Position

Cipla is a leading global pharmaceutical company, dedicated to high-quality, branded, and generic medicines. We are trusted by healthcare professionals and patients across geographies. Over the last eight decades, we have strengthened our leadership in India’s pharmaceutical industry and fortified our promise of strengthening our global focus by consolidating and deepening our presence in the key markets of India, South Africa, the U.S., and other economies of the emerging world. Driven by the purpose ‘Caring for Life’, Cipla’s focus has always been on making affordable, world-class medicines with a reputation for uncompromising quality standards across the world. In the last 85 + years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries. Cipla is a fast-growing pharmaceutical company with a continued focus on the expanse of our strong legacy. Over the last five years, Cipla has significantly expanded its portfolio and presence in the U.S. with both a generic and brand division. InvaGen Pharmaceuticals is a Cipla subsidiary engaged in the development, manufacture, marketing, and distribution of generic prescription medicines with focus on a range of therapeutic areas, including cardiovascular, anti-infective, CNS, anti-inflammatory, anti-diabetic, and anti-depressants. The company was founded in 2003 and is based in Central Islip and Hauppauge, New York. In October 2020, InvaGen established its project site in Fall River, Massachusetts to support the launch of Cipla’s respiratory business in the United States.

Requirements

• Commerce Graduate, Qualified Accountant (CA / CMA or equivalent), MBA or equivalent.
• Minimum 10 years of experience in Finance function with minimum 5 years in Finance leadership role at a manufacturing site.
• Minimum of three years directly managing/supervising teams.
• Current work experience within a global pharmaceutical manufacturing setting, preferably in generic pharma.
• Current experience in the current Good Manufacturing Practices (cGMP) organization.
• Must be able to read, write, and comprehend the English language.
• Working knowledge and user proficiency of SAP modules required.
• Strong Analytical Skills.
• Exposure to Finance controllership & Corporate Governance.
• Strong knowledge of GAAP, IFRS framework, AS & taxation rules & regulations (Both India & US).
• Good presentation & Communication skills.

Nice To Haves

• Good in interpretation of legal terms.
• Exposure to Legal & Contract terminologies.
• Self-motivated & taking initiatives.
• Policy maker & compliance mindset.
• Business partnering & stewardship.
• Negotiation skills.

Responsibilities

• Provide leadership to InvaGen’s Finance function through effective forecasting, planning, budgeting and managing of financial resources.
• Supervise a team of four Finance professionals.
• Set up various policies & processes ensuring adherence to GAAP & Accounting standards.
• Monitor expenses & processes to ensure financial discipline & controls.
• Regular PO approval, Expense & Payment approval.
• Manage Funds and coordinate with Treasury & Banking relationship.
• Monitor Accounts Payable & Accounts Receivable.
• Control Inventory & Fixed Assets.
• Prepare Business case & evaluation for various projects & investment proposals.
• Evaluate Capital Expense proposals and approvals.
• Support Product costing & COGs monitoring.
• Negotiate leases with Property managers & landlords.
• Prepare OPEX & CAPEX Budget.
• Review & report ‘Budget Vs Actual’ to ensure appropriate Budgetary controls.
• Perform Secretarial practices in coordination with Corporate CS team.
• Coordinate with Corporate Secretariat team for Conducting Board meetings.
• Ensure corporate governance practices to strengthen Internal controls.
• Coordinate Internal & Statutory Audits.
• Support new project evaluation and Capital Budgeting for potential project investments.
• Prepare periodic closing & Financial reports for Exelan Inc.

Benefits

• 401(k) savings plan and matching
• Health insurance – medical/dental/vision
• Health savings account (HSA)
• Flexible spending account (FSA)
• Paid time off (PTO) – vacation/sick/flex time
• Paid holidays
• Short-term disability (STD)
• Long-term disability (LTD)
• Parental leave
• Paid and unpaid family leave
• Employee discounts

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Merchant Wholesalers, Nondurable Goods
• Education Level: Bachelor's degree