Finance Controller - EPD Channel Business at Abbott

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, PharmaceuticalsIndustries

Requirements

Chartered Accountant or MBA in Finance
10+ years of experience in Finance, preferably in Pharma sector
Exposure to institutional pricing, government tenders, and channel business models
Hands-on experience in FP&A, P&L management, and marginal costing

Responsibilities

Partner with commercial teams to drive financial planning and analysis for Institution, Corporate Hospitals, Pharma Chains, and E-commerce channels
Develop and maintain a separate P&L for channel business, ensuring accurate reporting and profitability analysis
Lead pricing initiatives, build marginal costing models, and provide insights for strategic pricing decisions to enable tender participation
Support business scale-up through financial modeling, scenario planning, and risk mitigation strategies
Work on automating MIS and pricing approvals to remove manual interventions and create central repository of approvals and records
Forecast and monitor cash flow for channel business, optimize working capital, and implement corrective actions
Drive key projects related to pricing, compliance, and operational improvements; ensure timely delivery and stakeholder alignment
Ensure accuracy in monthly closing, reporting, and variance analysis for channel business
Maintain adherence to internal controls and various regulatory guidelines such as NPPA
Contribute to plan/LBE submissions and scenario analysis for channel business; ensure ‘One set of numbers’ across affiliates and central teams
Monitor and participate in ADS exercise to ensure ‘One set of numbers’

Skills

Key technologies and capabilities for this role

Financial PlanningP&L ManagementPricing StrategyMarginal CostingFinancial ModelingScenario PlanningMIS AutomationCash Flow ForecastingWorking Capital OptimizationVariance AnalysisProject ManagementFinancial ReportingComplianceInternal Controls

Questions & Answers

Common questions about this position

What is the base pay for this Finance Controller position?

The base pay for this position is N/A.

Is this Finance Controller role remote or office-based?

This information is not specified in the job description.

What qualifications and experience are required for this role?

Candidates need to be a Chartered Accountant or MBA in Finance with 10+ years of experience in Finance, preferably in Pharma sector, exposure to institutional pricing, government tenders, and channel business models, and hands-on experience in FP&A, P&L management, and marginal costing.

What key competencies are needed for the Finance Controller position?

The role requires strong business partnering and influencing skills, expertise in pricing strategies and financial modeling, analytical and problem-solving capabilities, knowledge of NPPA and other regulatory compliance, and project management and execution excellence.

What makes a strong candidate for this Finance Controller role?

A strong candidate will have Pharma sector experience, exposure to institutional pricing, government tenders, and channel business models, plus hands-on expertise in FP&A, P&L management, marginal costing, and regulatory knowledge like NPPA.

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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