Opening for Business Finance Logistics Cost

Overview:

Business Finance Logistics Cost is dedicated to providing comprehensive financial planning and steering services. Our mission is to ensure that financial targets are well understood and agreed upon by business functions, while fostering a culture of cost efficiency and continuous improvement.

About the Role

The role involves DTBP/FC planning, analysis, and clarification with line functions. The primary focus is to ensure minimal deviation against the plan and work towards reducing overall expenses in collaboration with business functions.

Responsibilities

• Monthly financials analysis - Plan vs actuals & monthly transitions, Resource utilization, etc.
• Set-up structure for financials analysis.
• Highlight deviations in cost to line functions, support them to define countermeasures, and periodically track progress of countermeasures.
• Address deviations in cost arising due to factors within F&C.
• Prepare & align financial slides for Steco & other forums.
• Clarify Audit queries & take corrective actions.
• Co-ordinate with business functions to understand the processes, KPIs.
• Drive cost efficiency program along with business functions.
• Understand topics and ensure logical decisions are being taken, especially for financials.
• Verify cost calculations and push stakeholders to optimize the cost.
• Push & monitor supplier recovery wherever applicable.
• Take part in vendor contract renewal exercise, ensure optimal rate negotiation.
• Align financial impact arising out of new rates.
• Ensure PR/biz. case are verified, challenge biz functions for cost reduction.
• Ensure timely approval.
• Review provisions & utilization against the plan.
• Regular update to management.
• Identify automation and process improvement projects.

Qualifications

Chartered Accountant

Experience:

Required Skills

Financial Planning & Steering,Analysis & reporting,Business partnering,Forum representation,Vendor Contract renewal,PR/biz. case approvals,Provisions & utilization management

Equal Opportunity Statement

We are committed to diversity and inclusivity in our hiring practices and strive to create an environment where all individuals feel valued and respected.

Candidates from Logistics Industry background will be preferred