Job Description This leadership position has the overall responsibility to manage the financial performance of India Hydraulics including analysis of forecasts vs. actual performance, business drivers, and operational metrics.
This role will develop forward-looking insights to drive management decision, actions and improve operational and financial results. The Controller provides proactive leadership around issues and opportunities. The individual will need to drive short term actions to achieve current results while supporting the deployment of progressive strategies which result in a sustainable competitive advantage and strong financial return on investment.
The Business Controller provides technical competency to ensure compliance with corporate financial policies, legal requirements, and GAAP. This position is responsible for building organizational capability within the finance function by hiring and developing finance personnel. The position also ensures that assets assigned by the corporation are adequately protected and provide operations management with financial guidance necessary to produce the expected return on those assets.
Job Responsibilities List the essential functions (i. e. key responsibilities with expected end results) which must be accomplished to fulfill the purpose of your position as described above.
- Business Analysis and Cost Control, manage Month end close process. Perform cost analysis and follow-up all cost categories (variable costs, depreciation, and FE) on monthly and ad hoc basis. Check deviations between planned / expected and actual cost and make proposal to minimize the same. Set the process with cross functional team for the desired results & deviation controls.
- Provide financial information needed to different departments for analysis highlighting the actions expected for the control.
- KPI reporting plant level: Sales, productivity, hourly rates, OVC ratio, Inventory, Material Overhead analysis, Variance Analysis, etc & Explain financial numbers to business.
Information to BU controllers for forecast and expected / actual Sales, contribution and Fixed cost. Working with the different departments on improving results by understanding gaps and help identifying actions to close.
- Full cost budget (variable, overhead, fixed production cost and depreciation). Ensure relevant master data update requests: cost center, responsible, hierarchy, accountable for completeness and correctness of Trial Balance.
- Manage, Analise, evaluate, & interpret for Plant financial forecast & operating results. Work with respective Stakeholders for corrective actions. Review and analysis costing result and assure proper inventory valuation, validation and comparison of standard prices, transfer pricing mark up and condition maintenance.
- The position also ensures that assets assigned by company are adequately protected and provide operations management with financial guidance necessary to produce the expected return on those assets.
- Assisting projects leader in preparation of new AFE: PDP & DCF models, localization and follow up. End to end Fixed Assets Management which includes Business review of CAPEX, planning and forecasting of CAPEX, monitoring surplus & retirement and sale of assets, revising FAR with respect to cost center, description, asset category etc., providing alert in case of overspent as compared to budgeted amount, reducing aged CIP items, capitalization of assets, Monitoring Group & Local GAAP FAR with proper alignment, control physical verification of assets
- Analyzing, Monitoring & Reporting the MIS for Monthly BU reporting (MTD and YTD results) with details of variance analysis, BU wise CAPEX spend reporting
Background & Skills At Danfoss, we believe that a diverse and inclusive workplace fosters creativity, innovation, and a broader perspective in decision-making. When you consider this job posting, do you feel like your profile is not a perfect match? Numerous studies have found that women and people of color are more likely to apply only when they meet all requirements listed in the job posting. Even if you do not check all the boxes, we encourage you to apply anyway. We are curious to find out how you can bring new insights to the role or to Danfoss as an organization.
Educational Qualification-
BS degree in Finance or Accounting, CPA/CMA/MBA preferred or equivalent local professional qualifications like ACA/AICWA/MBA
Minimum of 15 years professional experience. Experience in a manufacturing environment is a must.
The ideal candidate possesses these skills.
- Sound working knowledge of GAAP, Sarbanes Oxley and local statutory requirements.
- Knowledge & understanding of Corp, region/division and plant reporting policies
- Technical capability to prepare, analyze and interpret financial and operational data/reports.
- Superior analytical and thinking skills; Intellectual rigor and curiosity; problem-solving capability.
- For applicable locations Understanding of global business issues, including foreign currency impacts, effective hedging protocols and local customs and duty requirements.
- Knowledge of Oracle ERP & Financials
- Financial modeling skills will be essential
Specialized knowledge or skill :
Employee Benefits We are excited to offer you the following benefits with your employment:
Opportunity to join Employee Resource Groups
Employee Referral Program
This list does not promise or guarantee any particular benefit or specific action. They may depend on country or contract specifics and are subject to change at any time without prior notice.
Danfoss Engineering Tomorrow
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or other protected category.
