Plant Commercial Head- Supa, Paithan, Panipat-Varun Beverages

Role

To provide advanced financial support to a business unit to function efficiently and effectively, providing support in preparation of various financial reports, including royalty reconciliation, accounts payable, vendor reconciliation, sustainability reports, tax accounting, and GST invoicing.

Responsibilities

Business Planning, Analysis and Decision Support

• Lead the Annual Operating Plan exercise and develop AOP construct along with Management, functional heads.
• Anchor the monthly Operations Review meeting for review of unit performance plant, sales, logistics etc.
• Drive Productivity Improvement Agenda in the Unit and monitor tracking of initiatives.
• Analyse revenue/ cost lines and working capital for decision support to Management on pricing, trade and Distributor margins and ROI, cost management, GTM, logistics etc.

Financial Accounting and Reporting/Fund Management

• Ensure adherence to respective country statutory accounting policies
• Completion of Statutory and Internal Audits as per timeline and ensure compliance with audit recommendations
• Monthly reporting of Unit Financial results to Management with detailed Cause of Change Analysis versus Plan.
• Preparation of Financial Reports/ analysis for Unit Operations Review.
• Ensure adherence to Authority Matrix for all S & D spends
• Ensure proper systems in place for accounting and reconciliation with business partners distributors accounting, claims management, reconciliations with CFA, transporters, A&M vendors etc.
• Liaoning with the Govt Agency/ Department of the respective county.

Financial Controls and Asset Stewardship

• Safeguard company assets by maintaining a high level of financial control throughout the Unit.
• Lead efficient management of working capital and cash flow.
• Implement Company risk management initiatives and Best Practices for all aspects of business spends / purchases across manufacturing and sales operations .
• Ensure adherence to Authority Matrix and exercise appropriate signatory authority as per Company financial policies.
• Commercial / Purchase, Working capital optimization
• Ensure proper systems in place for verifying accuracy of marketplace spending.

Supply Chain Management

• Optimization of inventory carrying cost, enhancing purchase efficiency and ensuring ready availability of raw material through active coordination with Purchase Coordinator.
• As Unit Supply Chain head, ensure leveraging of supply chain systems for smooth operation including best utilization of own fleet.

IT and Financial Transaction Processing

• Implement Best Practice tools which improve the accuracy, timeliness and cost effectiveness of financial transaction processing and reporting.
• Ensure adherence to IT policies; ensure IT security & Authority matrix as per the system.

Legal and Compliance

• Responsibility for overall compliance and management of all Commercial and Indirect Taxes matters for the respective country.
• Create awareness among unit members / Sr. Management about relevant changes in local enactments.
• Ensure optimal tax structuring for Unit operations.

People Management

• Ensuring the growth and development of the people reporting to this position via learning activities and training
• To ensure that the performance management process is carried out for the people
• Providing a healthy environment that encourages empowerment and diversity
• Carrying out people related activities like planning resources required, etc

Preferred candidate profile

• Qualified Chartered Accountant
• 15-20 years of overall experience in Plant commercial function (preferably in FMCG set up)
• Atleast 10 year with manufacturing unit (post CA)
• Experience on SAP is must.
• Knowledge on various direct & indirect taxes.