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Responsible for Corporate reporting leading analytical activities for the BU by providing visibility to, managing & tracking all aspects of BU performance vis-à-vis strategy, budgeting planning. Act as a strategic advisor to the CFO and the senior leadership by providing analysis and insights to make informed decisions and evaluate financial implications of projects, process improvements, investments, etc. Collaborate with the management of the various plants to optimise profitability through the respective Unit Finance teams. Provide sales-related analytics and insight that enable and drive sales growth across the regions for the BU. Responsible for costing preparation, monitoring and reporting the variances. Ensuring Cost audit compliance and timely closure of cost audit. Responsible for Insurance management and claims.
Job Responsibility:
Function as the central source of validated & accurate information for the BU financial performance
Ensure timely generation of various key MIS reports for performance monitoring & present findings to BU Management
Analyse and interpret operating results to help BU management in decision making / corrective action
Prepare presentations for key business meetings at BU & organisational levels
Drive data-driven business decisions through collecting and mining of performance data
Undertake analysis of commercial proposals for decision making by BU management
Guide the budget preparation process for the BU as per the pre-defined formats
Monitor and review BU financial performance as per the issued guidelines, through periodic business reviews
Oversee preparation of monthly variance report to all stakeholders in order to ensure alignment of expenses with budgets
Highlight deviations in actual expenditure from planned expenditure and initiate corrective measures to ensure fiscal control
Oversee implementation of budget control processes & mechanisms to ensure financial resources are used in line with BU goals
Guide analysis of long range financial related activities to ensure financial alignment to annual & long term plans
Provide inputs for formulation of medium- & long-term capex & opex budgets based on estimated current and future requirements
Establish comprehensive plan to capture all OPEX and CAPEX and ensure all project plans & budgets are clearly defined
Oversee analysis for BU expansion and new business opportunities, capital investments and long term projects to quantify the impact on business and prepare business case accordingly
Monitor financial performance and key processes for the BU to identify performance & efficiency improvement opportunities
Monitor cross functional initiatives and projects to drive transformation and improve financial performance across the BU
Oversee the accounting and computation for production costs and their proper booking against production across all plants to provide budget & variance analysis across critical cost components for the business
Cost audit compliances
Guide analysis of financial data for forecasting & providing insights to BU Leadership Team and other identified internal stakeholders
Oversee timely & accurate preparation of MIS / reports / presentations, as and when required
Establish controls for & review adherence to maintenance of confidentiality of sensitive financial information for the BU
Guide analysis of opportunities for business expansion and new business opportunities for the BU
Lead analysis of capital investments and monitor spending for major capital projects for the BU
Provide analytical inputs for managing & improving departmental operations and profitability
Guide budget sessions, follow-up, provide inputs / suggestions & collate budgets for the BU
Recommend & monitor corrective actions for deviation from budgets
Develop & maintain opex & capex plans for BU
Communicate with department heads to understand and explain variances and trends
Contribute to definition of costing standards & processes for the BU and review adherence to these standards & processes
Monitor cost reports and trends for identification of concern areas & improvement opportunities for the BU
Monitor compliance of all applicable accounting / costing policies and standards
Ensuring Cost Audit compliances
Requirements:
Chartered Accountant /CMA (Mandatory)
B.com / M. com (Regular Courses)
Senior Secondary /Secondary with reputed school (Regular Courses)
Proficient in SAP– (Mandatory)
Minimum of 8– 10 years of relevant experience in MIS reporting of manufacturing & sales functions in a similar industrial scenario
Excellent analytical skills in Financial Planning & Analysis profile (FP&A)
Experience in MIS (Corporate reporting, performance analysis, Budgeting, Costing, Cost Audit
Financial analysis for multi-year budgeting and project feasibility review
Understanding of manufacturing & sales processes preferably in the similar industry
Strong analytical and problem-solving abilities
Ability to work under pressure and manage multiple priorities
Previous experience of companies having turnover of 500cr & above