Job Role : Specialist – Plant FPA
Departments
Job Code
Location: Mumbai
Reports To: Plant Finance Controller
Key Stakeholders (Option depending upon the role): Plant Finance Team, Commercial Team, SCM Team, COO’s office, CMO’s office , Plant Heads
1: Job Purpose Statement (Summarize in one/two statements why this job exists, and the contribution makes to the overall business of the company).
This role will play a crucial role in supporting the financial activities of our manufacturing plants. The successful candidate will be responsible for providing financial insights, preparing budgets, analyzing variances, controlling cost and implementing financial controls to ensure the plant's financial success.
2: Organisational Relationship (Provide an organisational chart which illustrates the role structure above and below and parallel to this position).
3: Duties & Responsibilities (List in the order of importance the duties & responsibilities of this job)
Decision Making Authority (This will be for every job allocated to the individual)Refer to the Decision making box for detail information
Financial Planning And Analysis
- Develop and maintain financial models to support the annual budgeting and forecasting processes.
- Analyze Financial Performance, identify trends, and provide insights to COO for decisions making
- Help Plant Finance Controller draft and execute long term and short term financial strategies
- Drafting long term and short term plant finance strategies/projects, co-ordinate with stakeholders to ensure timely completion of project
Cost Control and optimization
- Monitor manufacturing costs and analyze variances against budgeted and forecasted figures.
- Collaborate with operations teams to identify opportunities for cost optimization and efficiency improvements.
- Prepare monthly dashboards and present insights on conversion cost gap
Variance Analysis
- Conduct variance analysis to explain differences between actual and budgeted/forecasted results.
- Provide recommendations for corrective actions to address unfavorable variances.
SOP Adherence review of plants
- Visit Plants at regular intervals and ensure through proper reviews that SOPs are adhered to
- Ensuring that the compliances are in order
Freight cost Control
- Prepare ad hoc reports on freight spend, prepare budgets for freight
- Supervise to ensure timely payment of freight bills and avoid penalties
- Responsible for handling pre-defined system query reports
4: Key Result Areas (List the key deliverables that quantify successful performance in the role).
- Financial Planning and analysis
- Cost control and variance analysis
- SOP adherence
- Freight cost control
- Conversion cost control and analysis
- Management reporting and presentation
5: Decision Making Authority (For each decision type define if the action involves below mentioned categories:
Schedule A : Execution
Schedule B: Follow SOP/policy for decision to be made. (Moderate to Complex decision making)
Schedule C: Decide within approval limits) Complex/tactical/strategic decision making impacting the outcome
- Can be merged with duties & Responsibility
Educational Qualification
Chartered Accountant
Skills
Skills & Knowledge
Competencies
Business ProspectiveBudgetingAnalytical skillsExcellent CommunicationCosting knowledgeData Analysis and insightSAP Knowledge is mandatoryPPT skills
Behavioral
ProactiveDrive for resultInitiativeCollaboration
Work Experience
Functional
CostingFinancial PlanningBudgetingAnalytical4+ years of experience in a manufacturing organization
