Industrial and R&D Controller @ Baramati, Pune

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• Identifying and establishing comprehensive budget with controls designed to mitigate risk, enhance the accuracy of financial reporting, cost estimates and revenue.
• Performing operational Control on factory efficiency, inventory control and production accounting system.
• Providing critical assessment on all budgets and cost projections.
• Monitoring and review operations with focus on improving the factory efficiency and cost reduction.
• Planning and driving clear cost-saving programs with timelines and assessment goals in collaboration with internal teams and strategies to minimize waste.
• Keeping track of the market trends that could impact resource costs and monitor new vendors and possible cost-cutting partnerships.
• Demonstrating and applying comprehensive understanding of the interdependency of cost drivers.
• Maximizing efficiency at all levels without compromising quality.
• Strengthening the controls on Inventory Material master controls, stock count, Physical verification at all warehouse / Depot.
• Driving Working Capital improvements (Inventory optimization, lead time reductions etc.).
• Setting up operational rhythms with cross functional teams at sites & collaborate with function head for presenting the performance data.
• Focusing on monitoring & controlling factory cost and presenting under over recovery.
• Suggesting actions plans to reduce reclamation of overheads.
• Monitoring of commodity prices along with purchase team and forecasting the impact on material cost.
• Ensuring revenue recognition in accordance with internal control and defined guidelines.
• Conducting Monthly reviews with site team on operational performance, KPIs, dashboards, tax compliance, Actuals Vs Budgets monitoring.
• Reviewing the Monthly Closing and its reporting with explanation of variance with Budgets / Forecasts.
• Overseeing the teams efforts to ensure proper accounting and closure of production orders, depreciation allocation, general services allocation and all accounting transactions.
• Suggesting and implementing initiatives to improve Piaggio production accounting system including consumption accounting, Work order closure in SAP and maximizing automation in manufacturing units.

Preferred Technical Skills and Certification

• Strong experience in large factories & SAP knowledge.
• Strong analytical skills and business acumen.
• Strong analytical, research and finance modelling skills.
• In -depth understanding of the market and the business.
• Good understanding of the impact of productivity on the profitability.

Key Success Factors

• Accuracy in preparation of the budgets.
• Effective Industrial controls and guidelines.
• Implementation of initiatives to minimize costs and maximize profits.
• 100% Compliance to statutory guidelines and regulations.