Assistant Manager - Commercial Finance

At Cepheid, we are passionate about improving health care through fast, accurate diagnostic testing. Our mission drives us, every moment of every day, as we develop scalable, groundbreaking solutions to solve the world’s most complex health challenges. Our associates are involved in every stage of molecular diagnostics, from ideation to development and delivery of testing advancements that improve patient outcomes across a range of settings. As a member of our team, you can make an immediate, measurable impact on a global scale, within an environment that fosters career growth and development.

Cepheid is proud to work alongside a community of six fellow Danaher Diagnostics companies. Together, we’re working at the pace of change on diagnostic tools that address the world’s biggest health challenges, driven by knowing that behind every test there is a patient waiting.

Learn about the Danaher Business System which makes everything possible.

The Assistant Manager, Commercial Finance - India reports to the Finance Controller - South Asia for actively managing the commercial finance function, external and internal financial audits, internal management reporting as well as Statutory Accounting as per US GAAP and I GAAP Reporting for the India business.

Additionally, this position will play a role in and have responsibility in India for managing the credit control, revenue recognition, revenue accounting, collections of the Cepheid legal entity in India

This position is part of the Finance Function and will be located in Gurugram. At Cepheid our vision is delivering a Better Way to improve patient outcomes by enabling access to molecular diagnostic testing everywhere.

In this role, you will have the opportunity to:

• Strengthening the commercial finance function being currently done in India and documenting standard processes in line with global accounting policy and best practices
• Accountable for all accounting activities in India relating to commercial finance, including AR close, balance sheet and Statutory Accounting/Reporting, service accounting this includes Credit mgmt., collections and Revenue recognition.
• Revenue accounting, service accounting and recognition of provisions
• Preparation of monthly collection forecasts
• Post daily deposits
• Maintaining strong partnership with Commercial and HBDC teams, provide partnership wherever required thereby ensuring monthly collection forecasts are achieved
• Communicate with clients (Government & Commercial) about billing discrepancies and addressing their issues
• Ensure proper management and control over credit release and reporting on the Account Receivable, DSO days for India Entity.
• Timely escalation to the management over any AR issues
• Initiate collections on past-due accounts
• Maintain AR accounting ledgers as required
• Handle all special billing and credit situations
• Audit ledgers to ensure they contain correct information, such as amounts, taxes, billing addresses and invoice numbers
• Time to time support to commercial team for smooth functioning.
• Basic knowledge related to Tax compliance and other laws.
• Well versed with O2C process
• Support on the preparation of month end AR MIS
• Ensure effective stakeholder communication. Interacting with the cross functional teams on a daily basis to ensure the finance processes are adhered to

Requirement:

• Bachelor’s degree with 8+ years of experience OR Master’s degree with 6+ years of experience (CA Inter / MBA preferred)
• Prior knowledge of working with SAP
• Strong Stakeholder management skills.
• Problem solving attitude

Cepheid, a Danaher company, offers a broad array of comprehensive, competitive benefit programs that add value to our lives. Whether it’s a health care program or paid time off, our programs contribute to life beyond the job. Check out our benefits at danaherbenefitsinfo.com.

When you join us, you’ll also be joining Danaher’s global organization, where 69,000 people wake up every day determined to help our customers win. As an associate, you’ll try new things, work hard, and advance your skills with guidance from dedicated leaders, all with the support of powerful Danaher Business System tools and the stability of a tested organization.

Danaher is committed to a diverse and inclusive culture where everyone feels they belong and all voices are heard. We believe in our associates and the unique perspectives they bring to every challenge, which is why we’ll empower you to push the boundaries of what’s possible.

If you’ve ever wondered what’s within you, there’s no better time to find out.

Join our winning team today. Together, we’ll accelerate the real-life impact of tomorrow’s science and technology. We partner with customers across the globe to help them solve their most complex challenges, architecting solutions that bring the power of science to life.

For more information, visit www.danaher.com.

At Danaher, we value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve. Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes.