Job Title

About ITW Automotive India: ITW Global Automotive is a division of ITW and manufactures and sells wide range of products for various automotive applications. Our components include stamped parts and assemblies and drawn metal parts produced at major manufacturing sites worldwide. We also provide an industry-leading line of metal and plastic fasteners that continue to set standards for design versatility and reliability. In addition to ITW’s high-tech research and development capabilities, we enhance our customers’ competitive advantage by: a) Maintaining advanced engineering and manufacturing facilities. b) Exchanging product and process information with sister units worldwide. c) Continually improving processes, materials and designs to ensure every product exceeds industry standards for quality and integrity.ITW Global Automotive in India has 3 manufacturing facilities in Pune, Chennai & Delhi and caters to majority of the Auto OEM’s both national and multinational and their tier suppliers.JOB DESCRIPTION:Roles & Responsibilities: Develop and maintain accurate cost models for products, services, and operations. Analyse production costs, cost trends, and variances to identify cost-saving opportunities. Monitor and review cost structures to ensure competitive pricing and profitability. Monitor the actual performance against budgeted / Standard costs, explaining significant variances. Prepare detailed reports on cost of goods sold (COGS), overheads, and other key financial metrics. Report on product margins, inventory valuations, and cost control performance. Develop and present cost reports for senior management and key stakeholders. Work with the supply chain and operations teams to ensure accurate product costing and inventory management. Identify and recommend cost-saving initiatives and efficiencies in production, supply chain, and other operational areas. Prepare accurate and compliant consolidated financial statements following Indian Financial Reporting Standards. Added advantage will be Knowledge of IFRS, US GAAP, Responsible for analysis of financial data & preparation of financial reports, Month end closing, outlook/forecasting, reporting & business planning for production related cost KPIs Oversee the risk assessment process to identify key controls and areas of financial reporting risk. Supervise the testing of key internal controls, including financial reporting and operational controls, to ensure they are designed and operating effectively. Review and document control processes, ensuring all control activities are properly documented in compliance with SOX requirements. Working capital management, inventory management, Asset management, Interact with business counter parts for production. Support development for MiS & Data warehouse / Data management systems Working Knowledge of controlling to support the Business Process Working Knowledge Cost Element and Cost centre Accounting Working knowledge of indirect taxationKey Performance Indicators (KPI) (Refers to individual’s responsibility / accountability for the results): Working capital management, inventory management, Asset management. Interact with business counter parts for production. Support development for MiS & Data warehouse /Data management systems. Working Knowledge of controlling to support the Business Process. Working Knowledge of Cost Element and Cost centre Accounting. Working knowledge of Indirect TaxationBehavioural Competencies: Willingness of working in a team & learning. Communication skills. Positive Attitude. Take responsibility and adhere to deliverables. Approachable & Resourceful. Good Analytical Skills and Imagination Skills.Functional Competencies: Advance knowledge of Microsoft Excel. Knowledge of manufacturing processes and standards. SAP FICO Model. Knowledge of SOX.Qualifications: Chartered Accountant.Experience: Minimum 5-8 years of similar experience. Knowledge of financial software and ERP systems (e.g., SAP).