Ksa Country Finance Lead

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Takeda Pharmaceutical Full time

_ ROLE OBJECTIVE_


Country Finance, will play a critical role to support the operations in the country through managing multiple workstreams where the primary focus will be managing business planning, support decision making by identifying, maintaining and evaluating information, managing and accuracy of the IFRS & management reporting, statutory accounting and compliance with SOX (where relevant), controlling and internal control framework.


The incumbent will be the main contact regards to coordination with Takeda Business Solutions (TBS) team and ensure compliance with TBS ways of working while running & supporting a range of accounting & reporting related tasks, lead several ongoing and planned projects, such as ERP rollouts, enhancements, legal entity integrations, automation, and various other accounting & reporting systems initiatives in coordination with UMEA MCO Finance Controller Lead.


The incumbent will ensure business partnership and support business functions with proper analysis and relevant data to develop solutions recommendations.

This includes both quantitative and qualitative analysis, forecasting, financial modeling, working with large data sets, developing reports as well as creating presentations.

As part of business partnership, the incumbent will also lead the planning & forecasting processes (budget, mid-month and adhoc forecasting, scenario analysis) in the country as well relevant system submission &management in coordination with UMEA MCO FP&A Lead.


The role requires frequent interaction with the UMEA Leadership in addition to UMEA Financial Controller & FP&A, Supply Chain Head.


_ Key_
_accountabilities_

Finance Business Partnering:

  • Partner with country head to stablish access to medicine model in the country
  • Work closely with commercial team and other supporting functions to support business growth
  • Provide business insights to support operational & strategic business decisions
  • Support distributors relationship

Financial Planning (FP&A):

  • Lead the financial planning process in the country (Plan / Mid-Year/ LRF)
  • Financial Planning system input management (Norms / SKU / Technical Issues / Correction)
  • Preparing forecasts for Sales Flash/Midmonth forecast/ P&L
  • Monthly/Quarterly reporting: analysis of planned and actual data for budget holders / monitoring & support
  • Check all P&Ls data, analyzing the reasons for the most significant deviations

Financial Reporting / Accounting:

  • Lead the monthly closure process of the reporting period
  • Oversees all tax related matters
  • Support changes in Takeda legal footprint in the country
  • Manage selected JE preparation retained with local market post Takeda Business Solution implementation (TBS)
  • Oversees statutory financial statements generation
  • Support internal and external audit activities Ensure robust control environment and adherence with Takeda SOPs
  • Responsible for the Pre-Closing review of Opex & revenue review ensuring all accounting entries have been posted properly
  • Ensure full compliance with Takeda accounting &reporting policies (ie: revenue recognition)
  • Responsible for the gross to net sales monitoring & revenue deduction rebates (expiry/discount/etc.) ensuring all accruals are booked in timely manner following the sales recognition on monthly basis
  • Closely monitoring all BS Reconciliation to avoid any improper booking or misstatement
  • Reporting Quarterly Accounting Memo & SOX Compliance MEMO /any subsequent events to ensure all accounting standards & reconciliations are following correctly IFRS & issues reported/solved in a timely manner. Where needed, support UMEA Controller to develop accounting memo's for proper technical accounting alignment.
  • Responsible for financial aspects of Distributor Contracts (Payment terms, compensation mechanism/process, tax implications if any, Credit Limits) and receivables collections including the bad debt assessment
  • Ensure various statutory filings are completed in a timely manner, where applicable
  • In every aspect of accounting, book keeping, IFRS bookkeeping and finance related processes and systems, main contact point for TBS

_ SKILLS and LEADERSHIP CAPABILITIES_

_

CORE ELEMENTS RELATED TO THIS ROLE:
_

  • Manage a multitude of stakeholders within the country and MCO
  • Utilize and enhance tools to monitor and drive business performance (digitalization efforts)
  • Support MCO FD in driving Takeda's people agenda, develop and coach staff

_

DIMENSIONS AND ASPECTS:
_

_ Technical/Functional (Line) Expertise_

  • Strong accounting, financial controlling and expertise and experience
  • Strong understanding of Takeda accountingreportingplanning systems, hands on SAP experience preferred
  • Excellent analytical skills and strategic thinking, able to see the "big" picture
  • Problem solving ability and willingness to think creatively
  • Storytelling and technical/verbal presentation skills

_ Leadership_

  • Cur

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