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Review the final accounts statements by 1st of every month. Ensure that provisions are adequately made; entries are made accurately in appropriate cost centres. Review the balance sheet items including cash balance, bank balance, advances; Close the financials for the month product line wise; Prepare AOC analysis with detailed explanations; Ensure uploading in ESSBASE Nasik plant database
Business Plan and Forecast
Prepare annual business plan for the unit between September and November. Receive production volume requirements from Supply Chain, circulate the same to the department heads and enable, month wise production planning, inventory planning, procurement planning, CAPEX requirements and other variable and fixed expenses planning. Arrive at manufacturing base cost. Facilitate target setting for all other plant KPIs. Ensure alignment of the plan with global business priorities, corporate objectives. Prepare quarterly business review and forecast providing the past 2 quarters performance review and next 2 quarters forecast. Interact with all the department heads and plant heads to ascertain adequate review and planning.
Driving Business Performance
Monitor reporting of all monthly KPIs and ensure accuracy. Review performance with individual departments and understand reasons for variance in performance. Support in developing corrective action plan. Work with purchases in case of major budget deviations and enable them to resolve issues. Participate in plant review meetings and discuss with plant and department heads in evolving performance improvement plans. Consolidate plant performance report and submit to industrial director.
Project Management
Provide financial inputs in terms of product costing, investment planning, pay back calculations and support projects team to prepare investment proposals. Review, analyze data and perform cost benefit analysis. If found beneficial, fine tune the requirements and support in seeking approval from the concerned authorities. Distribute projects fund as per requirements; Evaluate the major Capex purchases coordinating with the projects team and recommend for approvals. Monitor and control the project funds and ensure project completion within budget limits. Even after completion of project, get involved till the project objectives are met.
Control of Non Production Purchases
Establish and maintain system for reporting of non-production purchase and consumption of consumables, maintenance and other services. Target cost reduction through alternate sourcing / Lower consumption etc. Report actual vs budget assumptions
Cost Control
Comprehend the definition of costing as per Schneider requirements and coach the costing executive to prepare the cost sheets accordingly. Support estimation of labour cost, fixed cost, manufacturing base cost and calculation of the Hourly Rate as per formula. Follow up with the concerned department heads and plant head to maintain costs under control. Submit monthly costing reports and review the same with the plant head and cross functional team and enable cost reduction. Submit quarterly reports to industrial director in the per prescribed format. Clarify doubts and provide action plan to reduce cost and improve profitability.
Statutory Compliance :
Follow up and review work pertaining to statutory requirements including Excise, sales tax , Exim and other labour statutes. Ensure establishment of appropriate system to maintain statutory requirements. Interface with statutory authorities and maintain cordial relations. Provide clarifications on queries raised by statutory authorities and sort out issues. Facilitate statutory audits and ensure successful completion.
Inventory Management
Monitor inventory holding days and question when they exceed budgeted limits. Review aging analysis report and plan for disposal of non moving and obsolete stock. Analyse reasons for non-moving / obsolete stock and take corrective action. Check stock accuracy between physical stocks and logical stocks and work towards bridging the deviations. Work with warehousing team and ensure appropriate system to maintain accuracy in physical and logical stocks.
Managing payables & working Capital
Work towards improving credit period with vendors. Perform appropriate credit planning and bill discounting on time. Make advance request approvals judicially. Disperse the funds to appropriate parties and prioritize payments as per business requirements. Follow policy and corporate guidelines applicable to payables and working capital management.
APOD Coordination
Ensure adherence to the APOD ESS Base software requirements and upload monthly financial data in the software. Answer specific queries and disclose required information. Work with the costing team and arrive at the transfer prices for all references. Ensure uploading the same in software. Clarify doubts to APOD and get approval on transfer prices as per plant requirements.
Leadership Systems / Process development
Design and establish suitable systems processes appropriate to functional and organisational requirements. Set clear directions to team members in effectively executing the systems / processes. Participate in internal/cross functional / SIM meetings to track performance; Analyse and identify root cause and eliminate the same. Ensure corrective / preventive action and drive continual improvements.
Leadership People Development
Set Objectives and KPI to all direct reportees in line with the company and Plant objectives. Continuously monitor and mentor direct reportees to achieve the set targets. Conduct Half yearly and Annual appraisals.
Identify and Promote talent. Identify training needs and in coordination with Human resources ensure timely execution of the training programs. Conduct individual development program for long term career planning and individual development. Be a role model to reportees, demonstrate leadership, commitment and walk the talk.
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AccountingBudgetingFinanceAuditingCosting & BudgetingCost AccountingCost EstimationFixed Assets Accountingfa accountingInventory Managementfixed asset managementcostingbusiness forecastingsapsap fisap fico
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