About the company:The group produces a wide range of Machined Iron Castings.Key responsibilities include: 1.Financial Planning and Budgeting: • Lead Annual Business Planning exercise and partner with various department Heads to devise functional growth plans • Analyze trends in cash flow, revenue, expenses including capital expenditure etc. for budgeting & forecasting; Ensure budgets are cascaded across departments till unit level aligned with overall business plans • Contribute to the process of financial due diligence for M&A / partnership initiatives (if any) and assist in in financial analysis of strategic projects / capex proposals tabled before the management. • Collaborate with the Market intelligence team to understand market scenario and contribute to development of business plans through projections / trend analysis2.Financial Analysis: • Liaise with various business teams to gather business performance data • Lead preparation of business performance reports, conduct analysis and review the same with • relevant stakeholders • Review Business performance MIS dashboards & present findings to management; Finalize templates for relevant information capture for MIS purposes • Review financials for all operating locations (including subsidiaries) and finalize analysis; Provide early warning signals and assist involved stakeholders in development of appropriate mitigation mechanisms • Review cost accounting of inventory and WIP to ensure compliance with defined controls and provide inputs for business planning • Assist in closing of books exercise by reviewing accounts, identifying gaps (if any) and ensuring implementation of corrective measures. • Finalize templates for costing and liaise with Department Heads to periodically review effort-cost and activity complexity-cost associations; Communicate rationale for costing to concerned Heads of Departments.3.Pricing: • Partner with Product & Portfolio management team to review product economics (including New • Products in development) and monitor product pricing to ensure profitability • Establish governance mechanisms for pricing control through audits and process checkpoints; • Ensure integrity of governance mechanisms and escalate issues, if any. • Monitor & control inter-company transfer pricing process for transactions with subsidiaries; • Undertake quarterly reviews to ensure alignment to management guidelines.4.Financial Risk Management: • Ensure comprehensive coverage of financial risks across SBUs through appropriate governance mechanisms • Assist in smooth conduct of external audits by providing timely information as per requirements • Review key variances from agreed budgets; Guide measures to manage key variances. • Continuous Improvement: • Review Financial Planning & Analysis processes on a periodic basis, identify opportunities for improvement and undertake specific actions to enhance service levels • Partner with Business Technology team for automation of financial planning and analysis process to reduce cycle time and improve quality of reports. • Digitization, Automation and IT enablement including Financial Dashboards. • Continuous monthly and quarterly forecasting and working with resp. Function Heads to drive and achieve targeted Quarterly performance and Annual Budget • Monitoring adherence of new SOP’s across functions that are business impacting processes which could HR related , Procurement related, manufacturing related etc.Qualifications & Experience: • Chartered Accountant (CA) or MBA (Finance) with 8-12 years of experience in FP&A, business finance, or corporate finance roles. • Experience in manufacturing industries is preferred. • Exposure to SAP, ERP and BI tools.
Job Title
Lead FPNA, Manufacturing