Deputy Manager - Corporate Budgeting Costing, Divisional Finance Lead

resume on hr3@pspprojects.com with Subject Line "Corporate Budgeting & Costing , Finance Lead"

Role & responsibilities

budgetary controls through SAP

Key Responsibilities:

A. Company-Level Budgeting Controls (SAP-Focused)

SAP-Based Financial Controls

• Manage budgeting and cost control processes using SAP (SAP S/4HANA)
• Ensure accurate configuration and maintenance of budget control settings in SAP (e.g., cost centers, internal orders, WBS elements).
• Monitor budget availability control and ensure system-based checks are functioning as intended.

1. Budget Validation & Compliance

• Validate that all expenditures and commitments are within approved budgets.
• Flag and escalate deviations or override requests with appropriate justifications.

2. Cost Monitoring & Analysis

• Track actual costs vs. budget across materials, labor, overheads, and subcontracting
• Generate SAP-based reports to track budget utilization across departments and projects.
• Provide real-time insights to management on budget adherence and control gaps.

3. Reporting & Process Governance

• Support management reviews with data-driven insights and recommendations.
• Collaborate with the teams to ensure alignment between budget uploads and SAP configurations.
• Support internal audits and compliance reviews related to budgetary controls

Compliance & Audit Support

• Ensure compliance with internal financial controls, company policies, and statutory requirements.
• Support internal and external audits by providing relevant documentation and analysis.
• Maintain audit trails and documentation for all budgeting and control activities.

Process Improvement & Automation

• Drive continuous improvement in budgeting and control processes.
• Leverage SAP tools and BI platforms to automate reporting and enhance data accuracy.
• Train team members on SAP functionalities and financial best practices.

B. Divisional Finance Head Precast Division

1. Divisional Budgeting & Cost Control

• Prepare and monitor the Precast Divisions budget, including production, procurement, and overheads.
• Track actual vs. budgeted costs and identify cost-saving opportunities.
• Implement financial controls specific to precast manufacturing operations.

2. Operational Finance Oversight

• Monitor production costs, inventory valuation, and wastage control.
• Support pricing decisions and margin analysis for precast products and services.
• Collaborate with plant managers and operations teams for financial planning.

3. Divisional MIS & Performance Tracking

• Prepare monthly divisional MIS reports with KPIs, cost trends, and profitability analysis.
• Present financial performance to divisional leadership and corporate finance.

4. Strategic Support & Business Partnering

• Support feasibility studies, capex planning, and investment decisions for the division.
• Act as a financial advisor to the divisional head for strategic initiatives.
• Ensure alignment of divisional financial goals with overall company objectives.

Preferred candidate profile

Qualifications & Skills:

• Education:

  Chartered Accountant (CA), preferably ICWA/CMA

• Experience:

  10-15 years in financial controls, SAP budgeting, and cost monitoring

• Industry Preference:

  Construction, Infrastructure, or Manufacturing (Precast exposure preferred)

• Technical Skills:

• Proficiency in SAP (especially budgeting, cost control, and reporting modules)
• Strong Excel and analytical skills
• Strong understanding of project accounting

• Behavioral Competencies:

• Detail-oriented with a strong compliance mindset
• Effective communicator and cross-functional collaborator
• Ability to manage dual responsibilities and prioritize effectively