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Aspen has a proud heritage dating back more than 160 years and is committed to sustaining life and promoting healthcare through increasing access to its high quality affordable medicines and products. Aspen has a market capitalisation of approximately US$10 billion, is the largest pharmaceutical company listed on the JSE Limited (share code: APN) and rank...
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Main Purpose of the Role
To execute the commercial finance functions of the SA Commercial division which includes Aspen, Ethicare, Private, State, SADC and support functions as assigned. This is to be achieved by supporting and advising various business areas in line with the company’s strategic objectives.
Key Responsibilities:
Directly responsible for the preparation, evaluation and submission of accurate, useful financial reports to key stakeholders in the business on time and in full
Analysis, Reporting and Management of:
- Sales, COGS and Gross Profit variances to Budget, Forecast and Prior Year by:
- Brand
- Customer
- Division etc.
- Advertising spend
- Other Operating Expenses
- Accruals and Provisions including applicable balance sheet reconciliation and management
- Sales and Expense Journal preparation and posting
- Discounts, Claims and Price adjustments
- The expense to Turnover ratios
Annual Budget and Quarterly Forecast Processes
- Facilitation of Budget, Forecast & Five-Year model processes
- Preparation and maintenance of calculation templates including loading and analyzing calculated values (e.g. Log Fees, Distribution Fees, Trade Expenditure)
- Detailed review and analysis of all Income Statement lines
- Insightful reporting on variances
- Input into Budget presentation pack
- Address queries timeously
Ad Hoc tasks to be performed in line with applicable policies and levels of authority including but not limited to the following:
- Review and critically analyze New Product Launch P&L statements with reference to marketing plans and other input from the business
- Facilitate robust Brand Plan processes including template development, maintenance and management by working closely with appropriate stakeholders
- Supporting the Business Heads and their teams in preparing for quarterly brand and performance reviews by providing templates, information and meaningful analysis
- Provide day to day financial support and training to the business, as required
- Address ad-hoc queries
- Perform ROI analysis
- Review and sign off Commission calculations Projects as assigned
- Perform designated approval function in line with approvals framework
- Identifying and documenting risks and opportunities
- Third-party reporting in line with contractual requirements
- Process flow improvements
- Ensuring transactions are accounted for in line with IFRS
- Ensuring adequate financial and business controls are designed and implemented for the respective business units
- Ensuring that reports are balanced between systems and supporting documents
- Review, approve and update SOPs from a financial control perspective
Requirements
Skills and Competencies
(The abilities that the individual needs to perform this role effectively)
- Attention to Detail
- Ability to work under pressure
- Proactiveness
- Time management
- Problem-solving
- Highly numerate with strong analytical abilities
- Strong knowledge of Accounting Principles
- Decision-making skills
- Report writing and presentation skills
- Communication skills
- Service orientated
- Commercially astute
- Team player
- Accountability
- Listening Skills
- Interpersonal skills
Education and Experience
- Matric/ Grade 12
- CA(SA) or ACMA CGMA
- At least 3 years of working experience in a finance environment (audit or otherwise)
- Computer literate – Advanced in MS Excel, MS Word, MS PowerPoint
- Experience in the pharmaceutical/FMCG industry
- Commercial experience
- Prior experience in the interpretation and use of accounting standards and the Companies Act
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