Financial Analyst/Finance manager

Role & responsibilities

Sales Reporting

• Monitor actual performance against forecasts and budgets and provide variance analysis and explanations.
• Compare the forecast/Budget with Pipeline and report abnormalities in Projections from sales.
• Collaborate with sales and finance teams to develop accurate sales forecasts and budgets based on market trends, historical data, and business objectives.
• Responsible to make proposal for yearly price list and propose price increase in line with increase in product cost and report any major cost increase/decrease for Westrup Machines / Spare parts.

Production Controlling:

• Work closely with operations and production teams to monitor and control production costs, optimize resource utilization, and ensure efficient operations.
• Develop and implement strategies to improve production efficiency and reduce costs while maintaining quality standards.
• Analyze Machine cost against BOM and report variance in Material and Labor cost.
• Prepare production KPIs and prepare trend analysis and inputs for improvement in Productivity and Efficiency.

Supply Chain Analytics:

• Manage financial aspects of Project Business, including Revenue recognition, Project Cost completion and ensuring adherence to project timelines and objectives to meet the desired Revenue for Project business.
• Manage financial aspects of Project Business, including Revenue recognition, Project Cost completion and ensuring adherence to project timelines and objectives to meet the desired Revenue for Project business.

Project Controlling:

• Prepare accurate and timely inputs for financial reports, including income statements, balance sheets, and cash flow statements, to support decision-making and financial analysis
• Provide management with regular updates on financial performance, key metrics, and actionable insights.

Cash Forecasting and Budgeting:

• Develop cash flow forecasts to support liquidity management and ensure adequate funding for operations and investments to stakeholders.

Fixed Cost Controlling:

• Monitor and control fixed costs to ensure alignment with budgetary targets and business objectives and report major deviations monthly.
• Identify opportunities for cost-saving initiatives and process improvements.

Financial controllership

• Review and manage GL and posting
• Prepare daily MIS reports
• Review and approve GST monthly returns
• SAP automation in relation to MIS reports
• Assist in ALL company secretarial work to Company Secretary
• Assist in Legal works and necessary documents
• Prepare Annual reports, filing and forms with MCA
• Involve in SOP and system implementation
• Prepare Financials as per IndAS
• Handle auditor both internal and statutory.

Preferred candidate profile

• 4-6 years of experience in Plant operations and site domain
• Expertise in Finance and comfortable with numbers
• Good working knowledge on S4 HANA (SAP)
• Strong Excel skills, including advanced features and macros.
• Excellent analytical and problem-solving skills, with attention to detail.
• Good communication and collaboration skills.
• Ability to work on-site and commit to full-time hours
• Manage a team of 10 members
• Hands on experience in GST and Income tax

Preferred candidate profile

• Minimum of 7 years of relevant experience in financial planning and analysis, business controlling, or related roles
• Bachelor's degree in finance, accounting, or related field; MBA or professional certification (e.g., CMA) preferred
• Proficiency in financial modeling, forecasting techniques, and ERP systems (Westrup uses IFS Application )
• Strong analytical skills with the ability to interpret complex data and trends.
• Strong Excel skills, including advanced features and macros.
• Excellent analytical and problem-solving skills, with attention to detail.
• Good communication and collaboration skills.
• Ability to work on-site and commit to full-time hours
• Proven ability to work independently, prioritize tasks, and meet tight deadlines in a fast-paced environment.