Plant Finance Controller

Role & responsibilities

• Budgeting, Forecasting & variance analysis.
• Lead the annual activity of Business /Operations Budgeting exercise for the Units under control with zero based Budget approach.
• Monthly variance analysis of actual against the budget & forecast (Revenue, contribution margin and each line of Factory overheads, efficiency, rejection, capacity utilization etc).
• Continuously review and update the Sales Order Costing/ Product Costing for quote submission.
• Continuously monitor inventory levels, set Inventory levels based on demand planning and work on liquidation of SLOB inventory. Reconciliation of production and inventory at job workers location.
• Manage Working capital with quantifying ideal requirement & projections along with disposal of in-efficient inventory & required controls on leading factors like inventory Turns, numbers of days etc.
• Monitor and report daily production plan Vs actual, daily production efficiency, OTIF, wastage, rejection etc.
• Set targeted wage and overtime cost at the start of a month based on the planned production of the month. Continuously monitor actual cost to ensure costs are within target.
• Monitor monthly input material Vs output and report any negative variances to Management.
• Capex project justification and Opex control
• Month end book close activities, Internal and external Audit requirements and statutory compliance management.
• Automation and digitalization of various Finance/ Operational reports

Preferred candidate profile

• Bachelor of Commerce and Chartered Accountant (CA)
• Working Exposure of SAP. Experience of SAP Development, S4 Hana, Power Bi will be added advantage.
• Effective Communication & Interpersonal Abilities
• Experience in Garment/Apparel Industry will be preferred.