Senior Finance Manager
Eli Lilly and Company
Total years of experience :13 years, 9 Months
Plan, schedule, and manage the workflow of 3 direct reports and several client relationships. Provide guidance and mentorship to finance team members to promote professional development and growth
●Monitor Financial Operations Control as per SOX, IIA and Co. SOP.
●Work with the product and engineering teams to automate financial processes
●Work with the Global Shared Service Team to review the General Accounting, Control, Audit and Month End process.
●Monthly / quarterly forecasting, reporting and monitoring of risk and opportunities
●Collaborate with cross-functional teams, including operations, supply chain, and product, to drive process improvements and streamline financial operations
●Prepare FS commentary for CFO and analyse financial performance in the light of budget for Business Partners.
●Monitor AP and AR activities, review SAP JV related to CAPEX, Inventory, Tax, Payroll and all Provisions.
●Conduct monthly Internal Audit on Working Capital (Inventory, Receivables, Payables), Employee Expense, CAPEX and prepare audit reports for CFO and Business Partners.
●Assessing and managing financial risks to the company, including credit, market, liquidity, and operational risks.
●Perform month end close as per SOP which includes FS monitoring, follow up with business partners, Reconciliation of JV, GL, Group GL, Cost Centre accounts and Bank using SAP and Blackline reconciliation tool.
●Assist the Controller in developing SOP for Financial compliances, Working Capital Management, CAPEX etc.
●Lead financial planning and oversight of operating budgets, including development of the financial strategy and management for the portfolios, highlighting key issues, as well as providing advice on financial matters and action plans. Ensure that all controls and procedures are adhered to
●Coordinate with external auditors and ensure timely response to audit questions.
●Working with the individual entity heads and finance managers to prepare budgets, forecasts, and other financial plans.
●Oversee the effective coordination of activities with other departments.
Responsible for directing, coordinating and reviewing general accounting functions and financial reporting to ensure accurate and timely preparation of monthly financial statement package and related analysis.
●Conducted monthly Balance Sheet review meetings and provide full financial and analytical support to the Senior leadership and other finance functions.
●Executed monthly, quarterly and year end close and implement internal control processes related to the finance/accounting function supervising the offshore general accounting team of 6 in a matrix structure.
●Developed and maintained financial models and dashboards to support decision-making and business planning
●Conducted monthly and quarterly financial reporting to senior management and external stakeholders;
●Owned impairment review analysis and severance accounting and forecasted cashflow.
●Analysed and managed costs to improve profitability and efficiency, including managing expenses, optimizing investments, and reducing waste. Provided guidance to the business units on day-to-day accounting treatments and special events such a sale of a business unit, partial transfer of assets ensuring journal entries are processed in a timely and accurate manner;
●Reviewed account reconciliations on a periodic basis ensuring timely follow-up and resolution of outstanding items;
●Monitored and analyse department work and partnering with other teams to ensure continuous improvement and seamless delivery of processes and information across the function;
●Worked with the A/R, A/P, Payroll, and Treasury teams to ensure proper cash application and reporting of cash related transactions;
Reviewed, verified and processed suppliers' invoices in ERP system (Oracle - JDE) ensuring approval as per delegation of authority and compliance with Purchase orders and Contracts and maximisation of beneficial early payment discount
●Communicated and resolved billing issues/invoice disputes with suppliers
●Financial analysis for Gross Margin, Operating Expenses and Headcount. Oversee headcount reporting
●Reviewed and processed employee expense reports in ERP system (Oracle - JDE) ensuring compliance with company policy, correct charge codes and follow-up employees for timely reporting
●Ensured that withholding Tax & Value Added Tax for contracts/invoices are applied appropriately
●Prepared accounting entries and ensure that transactions/financial data are recorded and reported as per the company Guide to Corporate Accounting GCA policies), and US GAAP
●Gathered information from all departments and ensure best estimates for accruals recognition
●Performed monthly financial closing of books of accounts through JD Edwards (ERP software)
●Performed bank account and other balance sheet account reconciliations at intervals to validate the correctness and integrity of business transactions/financial information
●Participated in yearly physical verification of Fixed Assets and Inventory, identified/investigated variances and prepared audit report for management actions.
●Designed and extracted reports from JD Edwards and ARIBA spend management with different reporting tools (e.g. Insight, Hubble, SIMS etc.)
●Prepared payment details report for internal management review/ working capital management
●Developed and maintained processes documentation of key accounting functions
●Supervised and trained newly joined accountants
Prepared and analysed Business Plan, detailed work-programs and Budget; including profit, profitability, cash flow and financial position (Budget-annual, Business plan- 3 year cycle)
●Prepared and analysed short term and long term headcount, operating and investment plan
●Performed risk/sensitivity analysis, evaluated the potential financial impacts and communicated to management
●Prepared monthly, quarterly and 12 month's rolling forecasts of key financial and operating variables (e.g. production, operating and capital spend, profitability, cash flow and financial position) and analysed variances
●Monitored actual performances against business plan/budget/benchmarks and explained variances/drivers
●Prepared an integrated financial model for Business Plan, Budget, Forecasting along with sensitivity analysis. By simplifying and combining multiple models into one integrated model, saved significant review/recycle time.
●Created a spreadsheet template to replicate a deferred tax calculation software. This model is used as an alternate tool for deferred tax calculation and for reasonableness check for the deferred tax amount calculated by software.
●Assisted various decision making processes through creation of fit for purpose models/tools.
●Prepared and explained performance scorecard as part of corporate and local management reporting
●Prepared routine, periodic and ad-hoc financial reports and analyses necessary for local and corporate management review/decision and consolidation at corporate
●Prepared/reviewed financial statements for partners and regulators
●Effective tax rate analysis, Asset retirement obligation exercise, Impairment test, Deferred tax calculation, Depreciation, Depletion and Amortisation (DD&A) exercise etc.
Assisted with the analysis and understanding of month-end results including net sales and gross margin breakdown and reporting
●Assisted in preparing and updating cash flow forecasts on a regular basis
●Ensured accurate and timely financial reporting in accordance with accounting principles and regulatory requirements, and provided financial information to management and stakeholders.
●Developed and implemented financial strategies that support the company's overall business objectives, including financial forecasting, budgeting, and planning.
●Assisted in the preparation of monthly, quarterly, and annual financial statements. Prepared accounting entries consolidated working papers and schedules. Maintained an attestation function to ensure all accounts are reconciled.
Ensured account balances were supported by appropriate documentation and complied with standard and local operating procedures
●Assisted with the timely preparation and issued reliable monthly, quarterly, and year end financial statements.
●Processed month end journals, depreciation, accruals, and prepayments
●Ensured compliance with financial regulations, laws, and standards, and working with internal and external auditors to ensure effective controls were in place
●Assisted year-end audit and tax reporting with client and senior auditors
●Processed month end journals, depreciation, accruals, and prepayments
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