Senior Factory Finance Executive

Division

Department

Sub Department 1

Job Purpose

Key Accountabilities (1/6)

• Responsible for Site finance activities, preparation unit level Quality budget in alignment with Financial plan of Company , Support reviewing budget Vs. actuals and suggesting corrective action to ensure smooth functioning of business.
• Prepare reports, Capex/OPEX review/ variances analysis and recommend corrective measures to Unit/Site.
• AMC Review and monitoring, verifying service reports and timely GRNs.
• Support in Monthly review of Inventory for COPE/OOS, Provisioning.
• Product Profitability analysis, Variance Analysis.
• Product cost & yield review, Scrap Management Misc. scrap/ Solvent/ Granules, Solvent recovery.
• Review of reprocess and rework cost.
• Capacity utilisation and reason for underutilisation.
• Support Quality Budget vs. Actual analysis and Budget preparation.
  

Key Accountabilities (2/6)

• Monitor arrangement of data / reports to the departments for insights and auditors.
• Provide for all the data and other requirements data/reports for decision making and timely action.
• Satisfactorily resolve queries raised by authorities / auditors.
• Provide supporting data, information and documents within timelines. Review CWIP and Support in Capitalisation/Decapitalisation.
  

Key Accountabilities (3/6)

• Support financial planning by reviewing cost allocation and apportionment to various cost centres like QC and R&D to present true and fair view of accounts.
• Physical verification of Invoices/Jobs done on monthly basis to monitors control. Post implementation review of projects.
• Co-ordinate& consult technical teams to ensure timely updating of records, MIS and conclusion of audits& assessments.
• Review & Account cost centre wise consumptions and analysis to control cost.
  

Key Accountabilities (4/6)

• Ensure interdepartmental co-ordination by establishing communication across channels and depts. to maintain proper records, provide MIS and conclude audits.
• Establish robust communication channels across functions to support various initiatives to streamline processes, reduce costs and maintain operational efficiencies.
• Co-ordinate& consult technical teams to ensure timely updating of records, MIS and conclusion of audits& assessments.
• Co-ordinate for settlement of advances, RGPs(Returnable Gate passes etc timely.
  

Key Accountabilities (5/6)

• Business partnership across functions/units by leading initiatives on Cost Control, Value creation, Working Capital Optimization Compliances & generation of reports by ensuring adherence to policies and SOPs to achieve timely completion of assessments.
• Drive OPEX reduction/ Capex review projects.
• Drive value creating projects with suitable ROI.
• Review & Drive plans on salvaging Slow moving stocks and improving stock quality.
• Drive action on CoPE reduction.
  

Key Accountabilities (6/6)

• Assessment of IL3 ideas from the portals, Review and prepare product profitability reports and review for improving productivity.
• Understanding & reviewing the savings ideas from the Portal and co-ordinating with user department, assess it with accuracy.
• Review and prepare product profitability report and consumption and rate variance review of products.
  

Major Challenges

• Stakeholder management is a big challenge as might be conflict of opinions. Proper communication is a mitigating factor
• Ability to respond to changes and demonstrate agility.
• Ensure timely reviews, reconciliations, BS hygiene and cash control
• Timely action of mail and delivery of report/data ask.
  

Key Interactions (1/2)

Internal

• Site functional teams e.g. Stores, production, HR, engineering, etc
• Central finance
• Central Mfg team
• Central Capex Team
• Taxation
• Costing
  

Key Interactions (2/2)

External

• External vendors
  

Key Decisions

Recommendations

• Month end provisioning.
• Spending on budgeted items at the Unit.
• Physical verifications of Invoices, Statutory & compliance related spends & decisions, Internal audit review to avoid audit observation, physical verification of assets/stocks on sample basis.
  

Education Qualification

Relevant Work Experience