Deputy Manager Finance

Job Description

Hiring for Client, A global leader in water products into manufacturers of residential and commercial water heaters and boilers for the below role Designation : Deputy Manager - Finance Location : Bangalore , Plant Preferred Qualification: CA / ICWAI or MBA with specialization in Finance Roles & Responsibilities: Position will be responsible for the financial operations of the plant focusing on accounting, budgeting, planning, financial analysis, cost management, compliances, reporting, financial risk, inventory reconciliation vendor and credit management. Accounting: • Overseeing accounting operations, including invoicing, accounts payable, accounts receivable, and general accounting Budgeting: • Managing the plant's budgeting process, including forecasts, production plans, and capital investments • Ensuring timely submission of plan / forecast/budget for plant functions Financial risk & analysis: • Analyzing financial data to prepare summaries and provide strategic recommendations • Providing accurate financial reports to specific deadlines and the interpretation of such including variance analysis and cost control reporting and recommendations. • Assessing and highlighting financial risk associated with business plans Cost management & Inventory: • Driving cost improvements and identifying cost drivers • Working with manufacturing and cross functional team for cost-reduction opportunities and continuous improvement • Overseeing physical inventory counts and reconciliation • Overseeing credit management to ensure timely collections and minimize credit risk • Support teams in commercial project negotiations, contract evaluation etc Compliance: • Ensuring compliance with financial standards, internal controls, and tax regulations • Reviewing supplier/vendor contracts • Liaising with auditors to ensure alignment with legal requirements regarding statutory statements Reporting: • Preparing financial reports, including the plant's P&L and other MIS reports • Define, identify and track appropriate metrics, KPIs and associated drivers to track performance of plant team