Finance Director Commercial

Job title: Finance Director Commercial

Company: Abbott


Job description: JOB DESCRIPTION:About AbbottAbbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.Working at AbbottAt Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You will have access to:Career development with an international company where you can grow the career you dream of.A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.About Established Pharmaceuticals – We are committed to bringing the benefits of our trusted medicines to more people in the world’s fastest-growing countries. Our broad portfolio of high-quality and differentiated branded generic medicines reaches across multiple therapeutic areas including gastroenterology, women’s health, cardiometabolic, pain management/central nervous system, and respiratory.Finance Director-CommercialAbbott Established Pharmaceutical Division is looking for a Finance Director-Commercial to be based in Pakistan.As a key business partner to the General Manager, lead and execute EPD Pakistan Financial and Business Strategy to drive Business growth and profitability in line with Division expectations. As Finance lead of $150MM business size, provide active support to all Commercial leaders in achievements of Sales, Margins, Cash Flow, NPIs, Pricing, CAPEX and cost/margin improvement targets. The position is accountable for all business and financial goals while ensuring compliance to Financial Controls consistent with Division and Area guidelines. The position is also responsible to lead Demand Planning function, manage supply risks and lead S&OP processes (BEX function) in compliance with Global BEX/Class A guidelines.What You’ll Do-

• As Finance Lead and member of Executive Team, drive business growth and profitability in line with Division targets and market expectations, ensuring compliance to Division guidelines and Financial policies
• Provide financial leadership as business partner to GM, in affiliate S&OP, NPI forum, METAP region S&OP, Plan/LBEs reviews, Sales reviews and Business Reviews with area and Division team
• Establishing, maintaining, and controlling financial planning, analysis & reporting processes to deliver meaningful and comprehensive Plans/Budgets and LBEs, assuring compliance with Division requirements
• Contribute to the development of financial strategies for EPD division that align with the organization’s overall vision and its current and long-term business objectives.
• Manage Plan, LBE & Update cycle and ensure timely and accurate submission of all schedules. Ensure timely and accurate financial forecasting and reporting (Local, Region, Area etc.)
• Lead Division and Corporate strategic initiatives such as Margin & Profitability (M&P) programs, cost saving, cash flow, NPIs, and other value creation initiatives in collaboration with all stakeholders.
• Drive Pricing strategy with Regulatory and Market Access to ensure sustainable business profitability
• As member of Affiliate Compliance Committee (ACC), ensure compliance to ACC Charter in collaboration with Business partners
• Manage Corporate and local Audits, ensure timely remediation of gaps if any
• Provide leadership to Demand Management Function to ensure ADS publication based on robust forecasting processes in line with affiliate targets while managing risks and optimizing on opportunities
• Ensure affiliate maintains and continuously improve on S&OP processes to meet Class A & Division BEX standards
• Work in collaboration with Commercial, Operations, CFS, Compliance, HR and Area & Division team
• Develop talent pipeline of Finance and Demand professionals

Required Qualifications

• Education: Master’s degree or Professional Qualification like ACA, CIMA
• Years of experience, both overall and any industry-specific experience needed: 12 to 15 years of Financial Accounting, Management Accounting, Commercial partnering (FP&A), Compliance & Audit, Demand Planning and S&OP process experience in leadership position in a multinational environment or a company of national repute.
• Experience in dealing with international accounting issues, including exchange and Entity Financial Planning along with Commercial exposure
• Internal control/auditing experience.
• Exposure to and working knowledge of the other functions, such as: information Technology, Commercial supply Chain and Manufacturing/Operations,
• Experience in Tax, Treasury, costing accounting.
• Experience in managing and leading an organization

Competencies Required

• Strong Business acumen
• Effective Communication skills
• Financial acumen and analytical skills
• Interpersonal and leadership skills

Internal Contacts
All Departments of EPD business, Plant Team, CFS, CHR
External Contacts

• Distributors, Pharmacies
• Auditors
• Regional office, Area office

Sensitive/ Confidential Data Handled

• P&L
• Product Net Cost
• Investment details
• Financial Results
• New Product Launches and Projects
• Headcount Data
• Statutory Results
• All Stock Price Sensitive data

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at http://www.facebook.com/Abbott and on Twitter @AbbottNews.The base pay for this position is N/AIn specific locations, the pay range may vary from the range posted.JOB FAMILY: Financial Planning and AnalysisDIVISION: EPD Established PharmaLOCATION: Pakistan
Karachi : Plot No ST-2;KDA SchemeADDITIONAL LOCATIONS:WORK SHIFT: StandardTRAVEL: Not specifiedMEDICAL SURVEILLANCE: Not ApplicableSIGNIFICANT WORK ACTIVITIES: Not Applicable

Expected salary:

Location: Karachi, Sindh

Job date: Mon, 20 Jan 2025 05:39:26 GMT

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