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Project Details

Interim CFO

Healthcare focused investment firm

http://na.com

 Mumbai / Navi Mumbai, Delhi / NCR, Kolkata, Chennai, Bangalore, Pune, Hyderabad

Posted on:  19/04/2021

Cinque Terre

Starts on:  30/04/2021

BROAD CATEGORY

Finance

SUB CATEGORY

Mergers & acquisitions advisory, Accounting, Audit, Financial planning and analysis, Treasury (incl. working capital management), Budgeting, Tax, CFO/Financial Controller, Investor relations, Valuations & business modelling, Data analytics, Credit and risk analysis, Equity research and analysis, Trading, Cost Accounting, Project Cost Management, Compliance,

INDUSTRY

Professional services - Finance & Accounting

Company Details

Healthcare focused investment firm

Assignment Details

Our client, a leading pharmaceutical organization, is looking to engage with a Chief Financial Officer to work closely with Chief Executive Officer and the Finance Team at large.
The Chief Financial Officer will report to the Chief Executive Officer. He/She is responsible for the overall management of all financial aspects of the company. The CFO has primary day-to-day responsibility for planning, implementing, managing, and controlling all financial-related activities of the company. This includes direct responsibility for accounting, finance, forecasting, strategic planning, costing, deal analysis and negotiations, board relationships, compliance, tax, and audit as well external financing.
The Chief Financial Officer is part of the executive team and is a partner to the Chief Executive Officer. He/She acts in full independence and interacts with the board of directors to recommend initiatives that enhance and protect shareholders’ value.

Major Accountabilities –

Financial Management

 Responsible for oversight of day-to-day finance and accounting operations of subsidiaries.
 Responsible for the consolidation of financial statements across headquarters and subsidiaries.
 Prepare in a timely and accurate manner monthly, quarterly, and annual financial reports in accordance with the most current IFRS guidelines.
 Take the hands-on lead to implement at the subsidiary level a comprehensive manufacturing costing system.
 Provide analytics and financial information to the CEO, other members of the Management Team, to evaluate the initiative and support decision making.
 Maintain banking relationships and serve as primary liaison with financial institutions.
 Maintain close relationships with prospective capital providers.
 Prepare cash flow projections based on input from subsidiaries. Suggest cash preservation initiatives.

Compliance and risk management -

 Report risk issues to the audit committee of the board of directors.
 Manage revenue recognition and ensure strict compliance with accounting standards.
 Lead annual audit process, ensuring year-round compliance with GAAP and IFRS accounting standards.
 Review, manage and establish internal systems and controls, processes and procedures to ensure the integrity of financial information and reporting.
 Lead timely and accurate preparation of tax returns and other information as required by governing bodies.
 Evaluate and administer risk management and ensure appropriate insurance cover for all critical assets and activities.

Budgeting and Long-Range Plans -

 In concert with the CEO, drive the annual budgeting process, including providing guidance, preparing
projections, conducting reviews, and defending the overall financial plan to the board.
 Provide financial input to long-term strategic plan development.

M&A activities-

 Provide support to the CEO and the head of M&A in analyzing potential acquisitions
 Support the design of Due Diligence streams by selecting vendors and designing the scope
 Contribute analytical support and insights to formulate recommendations to the board Communication and Leadership
 Support, coach, motivate and align finance leadership teams at the subsidiary level.
 Provide executive management advice on the financial implications of business activities.
 Provide executive management recommendations to strategically enhance financial performance and business opportunities.
 Provide leadership, guidance, and coaching opportunities to direct reports and peers

Priorities within next twelve months -

 Improve budgeting process
 Implement product level cost accounting system
 Drive profitability through product rationalization
 Implement a full-fledged ERP system
 Support M&A strategy

Skills Required

EXPERIENCE REQUIRED -
 At least 15 years of experience in finance management
 Exposure to emerging markets including India

SPECIFIC SKILLS REQUIRED -
 Strong leadership skills
 Strong focus on compliance matters

KEY PERFORMANCE INDICATORS -
Hard -
 Gross margin, opex and capex control
 Budgetary discipline and cost monitoring and improvement
 Treasury and cash management
 Minimize and appropriately manage forex exposure
 Active involvement in compliance management
Soft -
 Employee development and engagement
 Interface with leadership team and the board

Assignment Duration

6 month(s)

Capacity Required

Full Time

No. of Positions

1

Nature of Work

Remote

Profile Requirements

Experience: 15+ years

Qualification: Post Graduate or Higher

fleXpertise required

Business Analytics(R+SAS)Fund RaisingWorking capital managementBudgeting & CostingRevenue MaximizationBusiness and finance writingRevenue ManagementOPEX & CAPEX ManagementEquity ResearchAccounts PayablesIPR Laws and LitigationCredit AnalysisWorkforce optimizationCorporate TaxationAsset ManagementOperational FinanceAccounts Receivables ManagementEquity DerivativesCash Flow ManagementF&A OperationsTreasuryP&L Management

ESTIMATED BUDGET

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