Aspen Pharmacare Vacancies 2023 || Aspen Pharmacare Indeed Jobs In Sandton, Gauteng

Company Description

We are a global specialty and branded pharmaceutical company, improving the health of patients across the world through our high quality and affordable medicines. Active at every stage of the value chain, we are uniquely diversified by geography, product and manufacturing capability.

Aspen is a dynamic organisation built on entrepreneurial strength and forward-thinking minds. We attract high performing individuals who are passionate about their career and have a desire to exceed expectations. At aspen, not only do we source for the best talent but we also provide a host of opportunities for continuous development.

The Group’s key business segments are Manufacturing and Commercial Pharmaceuticals comprising Regional Brands and Sterile Focus Brands. We have approximately 9 100 employees at 69 established offices in over 50 countries and we improve the health of patients in more than 150 countries through our high quality, affordable medicines.

Objective: Responsible for Property, Plant and Equipment (PPE) and Intellectual Property (IP) (both tangible and intangible asset management)

KEY RESPONSIBILITIES

IP Related Activities

• Responsible for the budget and forecast processes for IP.  This will include the cashflow impact of any capex spend. Adhere to agreed timelines.
• Complete Additions/ Disposals/ Transfers/ Intercompany transactions/ Impairments/ write-offs and monthly depreciation / amortisation processing into register
• Complete activation of projects when opened. Maintenance of the WBS elements in SAP. All items added via timesheets, intercompany transfers and other items to be managed on a monthly basis. Settlement of WBS elements to asset under construction needed to be run on a monthly basis. Any projects completed need to be settled to a final asset.
• Sale of any assets must be accurately and completely completed, ensuring adherence to good business practices and policies in place
• Ensure supporting schedules and reconciliations are maintained in order to understand the flow of assets
• Carry out periodic reviews of useful lives in the IP and Fixed asset master data
• Perform monthly reconciliations with detailed explanations for reconciling items.  Reconciling items to be cleared before the following month end.

• Obtain monthly feedback regarding product discontinuation, cancellation of registrations, cancellation of projects and cancellation of new launches.  Engage with the various functions in business for feedback and updates.
• Maintain IP register (to be accurate and complete at all times).  Understand the costs which are capitalized.  Ensure capitalization of costs are aligned to Group guidance.
• Provide support to Group companies and affiliates with regarding to IP queries or information
  • Responsible for accurate amortisation accounting. Ensure that the useful life of IP is maintained correctly. The following needs to be considered when doing a useful life assessment:
    • All new assets created will need a brand allocation, Definite vs Indefinite split, IP tracker number, IP Owner and useful life (UL) in line with Group policies.
    • All assets will need to be assessed for Useful life at a minimum annually. This includes ensuring correct depreciation keys allocated to assets on the asset register.
    • Useful life assessments will need to ensure that all IP assets on the register are correctly classified as Definite or Indefinite
    • All IP assets need to be split between ARV assets and non ARV assets.
    • Any assets nearing UL end will need to be assessed in line with Group policies and ensuring that Assets that appear on the active Brands list/ 5 year forecast are increased in UL.
    • All assets with Rnil book value will need to be assessed if still in use. If in use, UL needs to be adjusted. If not in use, asset/ project needs to be considered for disposal.
    • All IP assets on the register need to have a UL in line with Group policies.

• Ensure impairment assessments are completed on a bi-annual basis. Any impairment related items to be processed with accurately and complete. Ensure a successful impairment assessment by assessing the following items:
  • 5 year brand forecast is to be obtained from the relevant brand managers in the business
  • Assumptions in getting to an interest rate where future cash flows will be discounted to get a present value must be documented accurately and correctly. Obtain rate from Peter Gibb and use Group rate.
  • Terminal value will need to be determined for cash flows post 5 years.
  • Working capital analysis for each brand will also need to be forecasted and assessed.
  • Future cash flows are to be discounted at an accurate discount rate to get the present value of brands (Include Working capital requirements)
  • Present value will need to be compared to current book value of Brand as a whole (All assets in that Brand category) (Includes Holdings Carrying values)
  • Any brands where Carrying value exceeds Recoverable amount will need to be assessed for impairment. All indefinite items will need to be assessed for impairment regardless.
  • Brand questionnaires from brand managers will need to be assessed for commercial viability of the brand going forward. (Engage with Commercial Business on this)
  • All brands identified as potential impairment will need to be sent for approval to the Central Finance Manager (CFM), Head of Central Finance (HCF) and Head of Finance (HoF) for review.
  • All IP items sitting in projects need to be assessed for impairment by assessing the commercial viability of projects.
  • Consultation with the NPD/ NPL teams is essential in assessing the commercial viability of the project items.
  • Any items no longer to be launched, or no market available for projects, or projects that have been terminated will need to be impaired
  • All potential impairments need to be assessed for full impairment or partial impairment
  • Approval from CFM, HCF, HoF, CFO of Sales and Marketing and CEO of Sales and Marketing is required for final impairment sign off.
  • Final signed off impairments need to be captured against individual assets (FAR items) and assets under construction assets (Project items) on the Fixed asset register
• Maintenance of the WBS elements in SAP. All items added via timesheets, intercompany transfers and other items to be managed on a monthly basis. Monthly Settlement of WBS elements
• Maintenance of all contract related asset acquisitions. Maintenance includes interpreting the relevant contract and assessing the value, repayment terms and contract length to ensure that all Contract related IP Acquisitions are accounted for correctly and accurately on the fixed asset register. UL of Contract acquired assets to be in line with Contract period. Examples include Zuvamor, Solmucol, etc. Any associated amortisation tables in line with repayment terms per the contract is to be maintained concurrently with asset maintenance. Example Zuvamor.
• Management and general maintenance of IP Project Management
• Responsible for the budget and forecast processes for PPE.  This will include the cashflow impact of any capex spend. Adhere to agreed timelines.
• Track expenditure against budget and forecast
• Responsible for monthly reporting of capex spend. Adhere to agreed timelines.
• Perform monthly review with line manger highlighting risks and opportunities (including over and/or underspend)
• Complete Additions/ Disposals/ Transfers/ Intercompany transactions/ Impairments/ write-offs and monthly depreciation / amortisation processing into register
• Complete activation of projects when opened. Maintenance of the WBS elements in SAP. All items added via timesheets, intercompany transfers and other items to be managed on a monthly basis. Settlement of WBS elements to asset under construction needed to be run on a monthly basis. Any projects completed need to be settled to a final asset.
• Sale of any assets must be accurately and completely completed, ensuring adherence to good business practices and policies in place
• Ensure supporting schedules and reconciliations are maintained in order to understand the flow of assets
• Ensure accurate and complete Tax registers are maintained
• Carry out periodic reviews of useful lives in the PPE and Fixed asset master data
• Perform monthly reconciliations with detailed explanations for reconciling items.  Reconciling items to be cleared before the following month end.

PPE Related Activities

• Maintain Fixed asset register (to be up to date at all times).  All assets physically on the premises must be on the register and vice versa.
• Ensure fixed assets WIP/ asset under construction account remains current.
• Responsible for accurate depreciation accounting. Monthly depreciation analysis commentary on difference between actuals and Budgets/ Forecasts
• Authorize capex purchases (aligned to approvals framework)
• Ensure accurate and complete records to track assets (Tangible) – ensure some type of tracking on the assets
• Perform physical verification of all fixed assets per department (aligned to relevant policy)
• Ensure collaboration with Procurement with regards to open order items. Open order items at year end to be analyzed to ensure that orders to be settled against current year or future capex budgets.
• Provide support to Procurement for generating orders
  • Code and authorize invoices for processing
  • Create asset numbers.
  • Create WBS elements for items that are to be projects and to be created as a final asset once project has been completed
  • Distribute account number, cost center and WBS elements for capturing of Purchase orders

Current and Non-Current Liabilities/ Assets

• Ensure that the amortisation schedules for Zuvamor and Cymgen liabilities are updated and agree to the trial balance for the following on a monthly basis:
  • Interest Journal
  • Foreign Exchange Gain/Loss Journal
  • Payments
• Ensure that the amortisation schedules for the Vifor Long term receivable are updated and agree to the trial balance for the following on a monthly basis:
  • Interest Journal
  • Foreign Exchange Gain/Loss Journal
  • Payments

Audit related queries

• Facilitate and assist with all asset related audit queries in a timely manner
• Facilitate and assist with all Financial liability and Non-Current Receivable Audit queries in a timely manner. E.g Zuvamor Liability and Vifor Receivable
• Address audit findings relevant to the team and implement corrective action within reasonable timeframe.
• Adhere to all deadlines and ensure information is accurate

General

• Assist the Central Finance Manager with adhoc tasks / projects

Skills and Attributes:

• Planning and Organizing skills
• Time management skills
• Good interpersonal and communication skills (verbal & written)
• Numerical Acumen
• Analytical Skills
• Adaptable to change
• Highly motivated, energetic, self-starter, proactive
• Problem-solving and good judgment
• Ability to work under pressure
• Focused on attention to detail, high sense of urgency and deadline driven
• Responsibility & Accountability

EDUCATION & EXPERIENCE

• Matric
• Must be a qualified CA(SA)
• Do you have experience with the big 4
• At least 3 years work experience in a financial environment
• At least 1 year relevant Fixed Asset accounting experience
• Intellectual property experience in a Pharmaceutical company
• Computer literate – strong in MS Excel, MS Word and a fully integrated computer system
• Experience in the pharmaceutical/FMCG industry is preferred
• Internal controls/internal audit and risk management
• Asset management
• Intellectual property experience in a Pharmaceutical company (preferred)
• SAP experience advantageous

The job applicant acknowledges, agrees, accepts, and understands that the Company (Pharmacare Limited t/a Aspen Pharmacare),  has a mandatory Covid-19 Vaccination Policy and Plan which, inter alia, provides for mandatory vaccination for all employees at SA Commercial. Mandatory Covid-19 vaccination applies to this job vacancy. As such, in applying for and if applicable accepting an offer of employment for this job role,  the applicant warrants that s/he is fully vaccinated, and that his/her vaccination status is valid and up to date. The Job applicant’s electronic vaccination certificate, as issued by the NDOH, must be provided if the job application results in an offer and subsequent acceptance of this offer of employment. The applicant acknowledges, further, that there is no particular reason that he/she would refuse any future booster or vaccination requirements that may/should be recommended by the South African health authorities.

Aspen is committed to the principles of equal employment opportunity and suitably qualified job applicants are invited to submit their CV online on or before the 11 August 2023. Preference will be given to applicants from designated groups through a fair recruitment and selection process in accordance with laws governing employment equity, where such laws are applicable to the Aspen