PRIMARY OBJECTIVE:

Manage the financial risks of Abbott Indonesia nutrition business through implementation of appropriate controls and procedures.Develop appropriate financial strategies and implement programs with administrative excellence in accordance with the Nutrition’s strategic objectivesProvide support to ANI business relating to financial analysis, evaluation and justification of business models, financial planning & controls, gross margin improvement, risk evaluation, licensing agreements, contracts, and return on investment.Summarize and communicate complex financial situations in a clear/concise manner explaining thought processes and analysis to Senior Management.  Support GM in key decisions and ensure responsible investment decisions

RESPONSIBILITIES

Drive development and preparation of solid financial business plans (and underlying analysis) to ensure the affiliate delivers its financial commitments. Leading LBE/Plan cycles.Provide financial counsel and analysis for proposed strategic growth initiatives, monitor local operations performance against financial OEM/Plans/Updates/LBE’s and ensure management is advised on exposure issues.Advise senior management in areas of profit maximization, resource prioritization, negotiating with distributors and day-to-day operations. Anticipate market activities that can impact business. Provide timely inputs to management regarding any financial risks, including those associated with trade activities and inventory issues across the supply chain.Provide recommendations on how to manage these risks Ensure accurate & adequate financial reporting for the division.In coordination with the host Division, ensure that over all internal controls and administrative procedures are adequately maintained for the nutrition business. In particular, ensure that:Total inventory of Abbott products across the supply chain are within contractual and/or agreed targets (with management)Design and operation of adequate controls around Channel Inventory.Trade promotion activities, including price discounting, free goods promotions and similar activities are properly monitored to ensure that these are within approved budgets and will not lead to accumulation of trade inventory beyond targetsImplements decisions or initiates action within a reasonable time.Includes others in the decision-making process as warranted to obtain good information, make the most appropriate decisions, and ensure buy-in and understanding of the resulting decisions.Determines which processes or areas need to be monitored; identifies what information needs to be obtained.Establishes systems to monitor activities or outputs that are easy to use and that provide timely and pertinent information.Effectively puts in place monitoring systems with minimal interruption for other organizational processes.Collects and reviews data on a regular basis to determine progress, anticipate needs, and make necessary adjustments to personnel or processes.Identifies more critical and less critical activities and assignments; adjusts priorities when appropriate.Determines project/assignment requirements by breaking them down into tasks and identifying types of equipment, materials, and people needed.Allocates appropriate amounts of time for completing own and others’ work; avoids scheduling conflicts; develops timelines and milestones.Takes advantage of available resources (individual, processes, departments, and tools) to complete work efficiently; coordinates with internal and external partners.Uses time efficiently and prevents irrelevant issues or distractions from interfering with work completion.All expenses related to the above trade promotion activities are properly and timely recorded in the booksTrade promotion programs are reviewed and evaluated to make sure that amount of investment achieve the desired returns (ROI)In cooperation with the distributors, manage risk of excess/expiring products to minimize write offs and returns Review and approve distributor claims in coordination with Host Finance/Accounting Drive the demand management team to develop robust demand forecasts to achieve acceptable accuracy levels. Ensure the proper inventory mix is maintained at the distributor to ensure no stock outs.

REQUIREMENTS

Financial/Accounting tertiary qualification to degree level - essential.Minimum 15 years experience in finance/accounting at a senior level with evident success.Experience in leading a team of finance professionals.CPA / CA recognition / Masters in Finance/Accounting.Has adequate knowledge and/or skills to perform effectively on the jobKeeps abreast of knowledge and/or skills required to perform the job effectively.