Mgr Business Finance

Who we are

Teva is a global pharmaceutical leader and the world's largest generic medicines producer. Our employees are at the core of our success, with colleagues in over 80 countries delivering the world's largest medicine cabinet to 200 million people every day.
About Global Business Services (GBS)
Teva GBS has been set up to providing seamless, customer-focused delivery of critical back-end business services with an objective to develop uniform service delivery model and transition relevant functional activities to the GBS centers to provide consistent, streamlined insourced services. We are building up capability in Bangalore to drive improved operational efficiencies needed in an ever-increasing competitive market.

The opportunity

• Provide finance business with 'on-going' support of financial routines & systems, analysis, processes and activities for key business partners across the Finance organization.
• Perform monthly / periodical analysis on financial data, provide accurate financial reporting, financial forecasting, variances management and operational metrics, in order to enable decision making, meet financial regulations and decrease exposure, risk or liabilities to Teva.
  
  

How you’ll spend your day

The Manager FP&A provides finance GBS support to key stakeholders, RFD’s and line management, FP&A and local Accounting departments.He/she serves as a key player in ensuring business continuity by providing reliable, complete, timely and comprehensive data analysis. He’ll will fulfill financial reporting requirements, participate in annual planning and forecasting processes, financial closing activities, ensuring business and financial drivers are transparent, for Headcount, Opex and Capex areas.

Primary Areas of Impact & Job responsibilities includes

• Management Reporting

• • Conduct accurate and timely reporting (monthly, quarterly, annually)
  • Gather, analyze and translate data from numerous sources to provide a clear financial picture. Prepare internal financial and operational reports and statements including data, analysis and professional comments to support an effective decision-making process.
  • Facilitate reporting in support of key stakeholder groups

• Financial Accounting

• • Complete review of key financial postings (e.g. restructuring postings, accruals etc.) to ensure accuracy of reporting and cost center balances.
  • Perform closing process activities, review accruals notifications and ensure accuracy of general ledgers & cost center accounting. Complete variance analysis review to ensure timely and accurate financial statements, prepare data required for Statutory and Global Internal Audits.
  • Support and maintain systems data for overall annual planning and quarterly forecasting processes of the site, according to global guidelines.

• Planning & Forecasting

• • Complete review of forecasts to ensure forecasts are complete, reasonable and aligned to financial accounting standards and financial targets, for sites, region, global function, and across P&L Geographies and BUs.
  • Interact and Coordinate with Senior Business and Finance leaders for all Planning/ forecasting and reporting requirements.
  • Complete variance analysis review by site, region and account type to ensure robust understanding of forecast vs prior RF, LBE and AOP.
  • Support and maintain systems data for overall annual planning and quarterly forecasting processes of the function, according to global guidelines.

• Capital Expenditure
  • Compile capital expenditure requests, complete return on investment & NPV analysis in order to enable effective decision making regarding proposed investments.
  • Monitor capital expenditure projects in terms of CER approval, commitment and cash flow for actuals, forecasts and AOPs. Maintain financial records for each project to facilitate management reports; accurate and timely financial reporting on individual projects and consolidated level, comparison of project spend to approve budgets.
• Global Facilities business analysis 
  • Perform ad-hoc analysis for financial reporting, planning and forecasting.

• Compliance
  • Ensure that appropriate controls are in place to ensure compliance with corporate policies and relevant legislation.
  • Support on-going requirements in relation to compliance to financial/commercial laws, such as VAT, GST, income tax etc.
  • Understand and ensure adherence with applicable financial policies and guidelines with special emphasis on but not limited to: Costing guidelines, Global accounting policies, Corporate policies, Economics guidelines, Health and Safety and Environmental requirements

Your experience and qualifications

• Team Management experience is a must
• Previous experience of working in dynamic FP&A function and leading a team of analysts/ senior analysts in FP&A
• Adequate knowledge and understanding of accounting principles, management accounting and costing methodologies (e.g. activity based standard costing, US GAAP and local GAAP requirements, cost capitalization accounting principles, assets cycle management).
• Understanding in Financial terminology.
• Adequate financial, analytical and modeling skills

Teva’s Equal Employment Opportunity Commitment