Business Finance Logistics cost

Financial Planning & Steering:

• DTBP/FC planning, analysis and clarification with line functions. Ensure targets are well understood and agreed by the biz. functions
• Business case/PR/new initiative evaluation and inclusion in the Plan
• Ensure minimal deviation against the plan. Work towards reducing overall expenses along with business functions

Analysis & reporting:

• Monthly financials analysis - Plan vs actuals & monthly transitions, Resource utilization, etc. Set-up structure for financials analysis. Highlight deviations in cost to line functions, support them to define countermeasures and periodically track progress of countermeasures. Address deviations in cost arising due to factors within F&C
• Prepare & align financial slides for Steco & other forums
• Clarify Audit queries & take corrective actions

Business partering

• Co-ordinate with business functions to understand the processes, KPIs
• Drive cost efficiency program along with business functions

Forum representation

• Understand topics and ensure logical decisions being taken especially for financials. Verify cost calculations and push stakeholders to optimize the cost. Push & monitor supplier recovery wherever applicable

Vendor Contract renewal

• Take part in vendor contract renewal exercise, ensure optimal rate negotiation. Align financial impact arising out of new rates

PR/biz. case approvals

• Ensure PR/biz. case are verified, challenge biz functions for cost reduction. Ensure timely approval

Provisions & utilization management

• Review provisions & utilization against the plan. Regular update to management

Others:

• Identify automation and process improvement projects