Job Description

Title: Director - Finance & Operations

Company Name: Novo Nordisk Pharma Pvt. Ltd.

Vacancy: 1

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Educational Requirements:
∎ Candidates must have CA/ MBA in finance in the relevant field with extensive of pharmaceutical experience in 8 years handled P&L responsibilities and is currently a team manager.

Experience Requirements:
∎ At least 8 year(s)

Job Context:
∎ We are a leading multinational company in the business of fast- moving consumer goods. We manufacture products, like, Diabetes, Obesity, Haemophilia and Growth Hormone Disorders, and are now looking for a self-motivated and dynamic individual to lead our Bangladesh-based operations.
∎ Working at Novo Nordisk is never just a job. It`s the opportunity for a life-changing career. For over 90 years, Novo Nordisk has pioneered many therapeutic breakthroughs in Diabetes, Obesity, Haemophilia and Growth Hormone Disorders. As an employee at Novo Nordisk, you have the potential to make a difference to both people and society. By improving treatment, we will not only keep people healthy and productive, but also help their families and their communities.
∎ We offer our employees excellent global training and development opportunities and competitive compensation and benefits which will be commensurate with the employee`s contributions to the company.

Job Responsibilities:
∎ As the Director, Finance & Operations of Novo Nordisk Bangladesh you will drive Finance, Logistics and IT strategies for the Bangladesh affiliate as per business need and in line with directions from the Regional office. Your role will be instrumental in maintaining strong professional relationship with key external stakeholders, ensuring seamless supply of life saving medicine, delivering institutional sales targets and managing local manufacturing activities. You will also ensure that functions in the Affiliate understand and follow standards and processes which are constantly updated in response to changes in regulations, laws and industry (or other) trends that may impact the business and are often challenged and scrutinized by authorities
∎ Responsible for the following key activities: MIS and Business Planning: Analyze industry information, prepare and submit medium term alternate financial plans. Jointly decide on medium term business action plans, financial viabilities of new investments, pricing changes with HO. Prepare annual budget and seek approval. Jointly rationalize sales and investment plans based on approved financial budgets. Monitor progress against plans. Devise MIS systems to support business decisions of function heads, control variances. Take corrective actions in order to ensure profitable growth for Novo Nordisk Bangladesh
∎ Accounting: Monitor accounts and transactions on a monthly basis, Identify critical issues of non-conformities, Supervise timely reconciliations, Drive implementation of financial policies in Novo Nordisk as per parent company standards, and Liaise with auditors and close open issues in order to ensure updated accounting practices.
∎ Financial Planning: Plan for product availability at optimal inventory levels, review sales performance, monitor status of receivable, cash flow management, develop cash earnings ratio. Liaise with partners and modify production plans accordingly. Interact with bankers for competitive rate of interest, analyze long term financial projections for the company and arrive at a financing structure for Novo Nordisk in order to sustain financial stability of Novo Nordisk and ensure optimum utilization of resources.
∎ Tax Planning and secretarial works: Handle withholding and corporate taxation, submit tax questionnaire, ensure submission of Tax returns and VAT returns. Plan taxation and liaison with tax consultant regarding tax assessment Perform necessary secretarial work with the help of the Regional Office in order to comply with the Companies Acts 1994.
∎ Business process: Ensure negotiating with the suppliers tactfully, generate sourcing savings. Ensure contracts in place for top 10 vendors with targeted contract coverage. Acting as a Risk Coordinator for Risk Management withholding and corporate taxation. Handle Implement the best practice of business process in order to have efficient business processes.
∎ Local Manufacturing: Follow up and dealing all the legal works with the help of regional office and the local manufacturer, analyse the raw material requirements and pricing. Perform all the legal works with the help of regional office and the local manufacturer. Inventory management for the production, stock report, decide on inventory norms and finalize ordering of finished products. Liaise with C & F agents or local manufacturer for customs clearance and transfer to central warehouse, address queries of customs authorities and monitor compliance to set norms. Monitor inventory levels of local manufacturers' raw materials and coordinate with parent company for timely and adequate supplies in order to ensure uninterrupted production at partner's manufacturing facility.
∎ Logistics: Calculating and uploading and follow up of orders, follow up imports, stock, logistic function, distributor, independent importer or purchaser and local manufacturers in order to ensure uninterrupted supply of products.
∎ Distribution Management: Follow negotiate commercial terms related to distribution with respective partners. Obtain territory level sales forecasts, plan for supply and distribution, handle emergency requirements, realizations, expiries, receivables, bad debts, approve credit limits of chemists in order to ensure timely. Communication with the distributor on different relevant issues. Prepare MIS on realizations, expiries, receivables, bad debts, approve credit limits of chemists in order to ensure timely available of products at point of sale.
∎ Information Technology: Fulfil all requirements for IT equipment and ensure strict compliance with IT code of conduct. Ensure implementation of different IT projects initiated by the Regional Office. Serves as an escalation point for customer or other IT Service areas issues and concerns in order to ensure smooth IT operation and infrastructure & Security.
∎ People Management: Set targets and communicate expected standards. Identify training needs and nominate team members for training programs in order to ensure performance driven work environment. Reward and retain high performers
∎ Institution Business: Ensure product supply, drive activities, and to institutions sales team.

Additional Requirements:
∎ High performing individual who is highly skilled in stakeholder management and can communicate with impact. Understanding and knowledge of systems (SAP R/3) and data warehouse systems (BW). Active listening; interpersonal skills; sound judgment and decision making. Strong proven ability to act as a change agent within the organization. Strong personal and professional ethical values, integrity and the energy level required to meet the demands of the position, in line with your qualifications and experience.

Salary:
∎ Annual Salary (including festival bonus): BDT 7,000,000

Compensation & Other Benefits:
∎ Car Allowance
∎ Health insurance and other benefits as per company policy

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 2 Jul 2023

Company Information:
∎ 20 Jun 2023
∎ Novo Nordisk Pharma Pvt. Ltd.
∎ Address : Nina Kabbo, Level-9, 227/A, Gulshan-Tejgaon Link Road, Tejgaon, Dhaka 1208
∎ Web : www.novonordisk.com

Category: Accounting/Finance

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