Senior Finance Manager - GTN & MIS

Job Description

About Macleods Pharma USA Inc.

• Macleods Pharma USA Inc. NJ, is the Sales and Distribution division of Macleods Pharmaceuticals Ltd. India. Macleods India is a vertically integrated global pharmaceutical company that develops, manufactures, and markets a wide range of formulations across several major therapeutic areas.
• Established in 1984, we distribute pharmaceutical products across therapies in multiple dosage forms.
• Our vision is to be a leading global pharmaceutical company by providing high quality, affordable, and innovative therapeutic solutions for patients with diverse medical needs.
• Our mission is to contribute towards improving patients quality of life across the globe.

About the role

• The position is responsible for overseeing financial reporting, month-end close processes, gross-to-net (GTN) components, inventory valuation, and compliance with tax and lead audit requirements.
• This role ensures accurate financial reporting, supports strategic decision-making through financial analysis, and maintains strong coordination with internal teams, auditors, CPAs, and external stakeholders.
• This position is responsible to lead the AR supervisor managing collection and deductions, disputes and payback management team members. You will ensure accurate and efficient claims processing while maximizing cost savings, reducing revenue leakage, improve cash flow and strengthening relationships with key customers.
• This position is responsible to lead the Accounts payable supervisor managing vendor payments and direct supervision of expense management. The position will be the key coordinator from the back-office team working close with the USA distribution office Finance and Operation functions.

Job Title: Sr. Manager Finance - GTN & MIS

Department: Finance & Accounts

Qualification: C.A - Qualified

Experience: 6+ years with current / prior exposure of USA financial accounting

No Of Reportees: 7 - 8

Reporting To: Vice President

Remuneration: Open for negotiations with the ideal candidate.

Responsibilities:

Financial Close & Reporting:

• Lead the monthly financial close process, ensuring timely and accurate reporting of financial results preparing Financial Statements and MIS reports for management.
• Oversee monthly sales closing and reconciliation with supporting data and systems.
• Review and finalize Cost of Goods Sold (COGS) on monthly basis for Financial Statement and Inventory Reconciliation.
• Provide technical accounting guidance to team members in proper accounting, prepare accounting memos for revenue recognition and audit supports.
• Analyze financial data and provide commentary and insights for business decision.
• Conduct monthly meetings to discuss the financial and operational results regional office stakeholders and senior management.

Inventory & Cost Management:

• Ensure accurate monthly inventory valuation, including reconciliation with operational data and accounting records.
• Monitor inventory-related financial impacts and coordinate with operations and supply chain teams.
• Prepare Inventory analysis NRV, Slow Moving, Distribution Channel Inventory reporting and roll forwards.

Gross-to-Net (GTN) & Revenue Adjustments:

• Own the GTN reporting and its related variables and accruals like chargeback, admin fees, rebates and Medicaid rebates, expiry returns, etc.
• Oversee accuracy and timeliness of all accrual rates calculation to lowest available data level including chargeback, rebates, returns, etc.
• Perform and review GTN true-up analysis to ensure accurate revenue recognition.
• Validate wholesaler SSA agreements and Walgreens SSA calculations for financial accuracy.
• Provide the GTN trend analysis by products, customers and other matrix with commentary to management to aid in decision making process and reduce the revenue leakages.

Audit, Compliance & Tax Coordination:

• Coordinate with external auditors to ensure timely completion of annual audits.
• Provide required financial information and schedules to CPAs for federal and state tax return filings, including multi-state requirements (e.g., Washington, Ohio, etc.).
• Ensure compliance with applicable accounting standards and regulatory requirements.

Stakeholder & Cross-Functional Coordination:

• Act as the primary finance liaison for the US team on financial matters and operational issues.
• Collaborate with internal departments to resolve financial discrepancies and ensure accurate reporting.
• Provide financial data, analysis, and supporting documentation to internal and external stakeholders as required.

Leadership & Oversight:

• Supervise finance team members responsible for GTN calculations, admin fee processing, and financial reporting.
• Ensure accuracy, efficiency, and continuous improvement in finance processes and controls.

Lead Accounts Receivable and Accounts Payable Team

• Coordinate and supervise the AR team for accurate reporting of AR and AP Aging, Cash Flow Reporting.
• Track KPIs such as DSO/DPO, aging trends, deduction ratios, and bad debt exposure and improve working capital.
• Support the process of Investigation and analysing customer deductions (e.g., pricing discrepancies, promotional allowances, returns, shortages, damages).
• Ensure accuracy, efficiency, and continuous improvement in finance processes and controls including timely payments of Vendor.
• Lead the weekly meetings with regional finance head to review the AR and AP reports and discuss the laggards and delays.

Process Improvements and Support SAP Implementation process

• Continuous review of processes, Identifying and implementing process improvements to reduce deductions and improve efficiency.
• Key contributors for improvements in SAP financial environment, working and collaboration with SAP Implementation and support team for SAP bugs, issues and report development.

Team Leadership

• Manage, mentor and develop support and functional staff and team.
• Establish performance goals, conduct regular reviews and manage performance improvement programs as needed.

Education / Experience:

Minimum of 5 Experience in the generic pharmaceuticals industry and understanding generic pharma with at least 3 years focus on GTN and Accounts Receivable within industry.

• Analytical Skills: ability to research, analyze and attention to detail.
• Communication: ability to communicate effectively with both internal and external stakeholders, and communicate with cross functional group, ability to work independently or with a team.
• Data Analysis: proficient in SAP and advance knowledge of Excel preferred.
• Chartered Accountant, Certified Public Accountant (USA) or Master degree in finance, business administration, or relevant field.

Interested candidates can share their updated resume at swapneel.wadkar@macleodspharma.com / WhatsApp their resume on +91-9004751112. Candidates meeting the expectations of the requirement will only be contacted. You can also share / refer this position to the applicants who are seeking job opportunities and meeting the required criteria.

Thanks & Regards,

Swapneel Wadkar

Talent Acquisition - | Human Resources Department |

Macleods Pharmaceuticals Ltd

Swapneeel.wadkar@macleodspharma.com

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