Financial Planning and Analysis Specialist

Purpose

Key deliverables :

Support to Plant Commercial

1. ITR and Slow-Moving Inventory Management
2. Coordinate Cost Audit and Statutory audit compliance
3. Preparation of Plant Profitability and actual and Budgeted overhead rates
4. Participate in Annual Budgeting process Physical stock count process
5. Monthly Yield Monitoring, Material Usage Variance Analysis
6. Monthly monitoring and analysis of Expenses vs Budget

Support to Service Commercial

1. Warehouse and Sourcing saving analysis on monthly basis.
2. Participating in various CEP / Cost reduction / Cost optimization initiatives of Sourcing process
3. Monthly & Quarterly MIS on RM / PM Cost
4. Budget V/s Actual RM Cost Variance Analysis [both Price Variance and Usage Variance)
5. Trend Analysis of Key RM Cost per kg Vendor Source Wise
6. Monitoring of COPQ [Cost of Poor Quality] and monthly reporting
7. Preparation of checking ALM Report for Key Inputs
8. Support as CO Reviewer for RM / PM / Other material PO’s which are routed through Sourcing process for approval
9. Regular tracking of FP product cost and anticipate the future impact due to RM/PM price fluctuation.

• Month-end Activities

1. End-to-end coordination of Management report and Sales/profitability Variance analysis. Ensure that all reasons for contribution change are identified and documented.
2. Coordinate with ROCE team for Sales and Contribution analysis.

• Digitalization

1. Coordinate with Stakeholder to identify the areas for automation
2. Support the Digitalisation and automation activities
3. Planning and tracking schedule of activities of digitalisation projects
4. Monitor risks, flag delays, and escalate problems to the project manager when necessary.
5. Documentation of automation process
6. Maintain project plans, status reports, meeting minutes, and other key documents.
7. Act as the liaison between team members, stakeholders, and consultant to ensure everyone’s aligned

Key skills:

1. Strong Analytical ability
2. Strong understanding of Finance and accounting principles
3. Commercial Acumen
4. Proven ability to meet deadlines and thrive in a fast-paced environment.
5. Ability to manage multiple stakeholders and foster good relations.
6. An individual able to demonstrate commitment and ready to take challenges.

Qualification & Experience:

1. Chartered Accountants/Cost Accountants.
2. 2+ years of experience in corporate/strategic finance from Chemical/Pharma/Process industry is required.
3. Hands on working experience in ERP environment, preferably SAP