Job Description

Short Description We are looking for an energetic, career minded and experienced Business Finance Controller who will be highly engaged in steering financials for Warranty Cost. Would work closely with business, enable & co-own business objectives and drive continuous improvement initiatives to improve business performance Description: Financial Planning & Steering: DTBP/FC planning, analysis and clarification with line functions. Ensure targets are well understood and agreed by the biz. functions Business case/PR/new initiative evaluation and inclusion in the Plan Ensure minimal deviation against the plan. Work towards reducing overall expenses along with business functions Analysis & reporting: 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 Business partering Co-ordinate with business functions to understand the processes, KPIs Drive cost efficiency program along with business functions Forum representation Understand topics and ensure logical decisions being taken especially for financials. Verify cost calculations and push stakeholders to optimize the cost. Push & monitor supplier recovery wherever applicable Vendor Contract renewal Take part in vendor contract renewal exercise, ensure optimal rate negotiation. Align financial impact arising out of new rates PR/biz. case approvals Ensure PR/biz. case are verified, challenge biz functions for cost reduction. Ensure timely approval Provisions & utilization management Actively take part in Warranty rate planning exercise. Reassess provision requirement based on the planning outcome Review provisions & utilization against the plan. Regular update to management