Website Bajaj Electricals
REPORTING TO: Head – Supply Chain Finance
TYPE OF ROLE: Individual Contributor Role
LOCATION: Corporate Office, Mumbai.
BU/ DIVISION: Finance
JOB PURPOSE:
To act as the finance co-pilot for Logistics and Distribution by driving freight, warehousing and C&F cost governance, improving logistics productivity and ensuring cost-efficient movement of goods across the supply chain. The role is responsible for converting logistics data into actionable insights, supporting vendor negotiations, optimizing network costs, and improving the overall cost-to-serve for the organization.
KEY RESPONSIBILITIES:
1. Freight Cost Tracking & Benchmarking:
– Own freight cost tracking across primary, secondary, and last-mile distribution.
– Monitor freight cost per unit, per kg, per shipment and as a percentage of net revenue.
– Benchmark route-wise, mode-wise and transporter-wise freight costs against internal and market standards.
– Identify cost-saving opportunities across routes, modes, loading efficiency and service providers.
2. Warehousing Cost Analytics:
– Track warehouse cost per unit, pallet, square foot, cubic meter and throughput metric.
– Monitor warehouse utilization, handling costs, storage costs and productivity across locations.
– Evaluate warehouse economics and highlight underutilization, inefficiencies and cost improvement areas.
– Partner supply chain teams to improve storage productivity, throughput and network efficiency.
3. C&F Billing & Reconciliation:
– Govern C&F agent billing validation, reconciliation and periodic settlement processes.
– Strengthening controls around service charges, claims, shortages, damages and deductions.
– Ensure accuracy of logistics accruals, provisions and month-end cost recognition.
– Reduce leakages through robust validation of bills against contracts and service levels.
4. Logistics Vendor Payment Governance:
– Review logistics vendor payments against approved rates, contracts and service confirmations.
– Track vendor advances, overdue payments, open reconciliations and disputed claims.
– Ensure compliance with commercial agreements, DOA and approved tariffs.
– Improve financial controls around logistics spend, approvals and payment discipline.
5. Last-mile Cost Optimization:
– Analyze last-mile delivery cost drivers by channel, geography, customer segment and order profile.
– Identify route efficiency, consolidation, load optimization and delivery productivity opportunities.
– Monitor service cost for e-commerce, quick commerce, direct fulfilment and alternate channels.
– Support initiatives to reduce cost-to-serve without compromising service levels.
6. Transporter Rate Renegotiation Support:
– Build cost models to support transporter rate negotiations and annual contract renewals.
– Analyse route-wise freight economics, market benchmarks and cost escalation claims.
– Support procurement and logistics teams with fact-based negotiation packs.
– Track negotiated savings and ensure benefits flow through to the P&L.
7. Returns & Reverse Logistics Cost Management:
– Monitor returns handling cost, reverse freight, refurbishment, liquidation and disposal economics.
– Analyse root causes of returns-related logistics costs and inefficiencies.
– Track channel-wise and product-wise reverse logistics trends and financial impact.
– Recommend actions to reduce reverse logistics cost and improve recovery value.
8. Logistics Cost as % of Net Revenue:
– Track logistics cost as a percentage of net revenue across businesses, channels and geographies.
– Prepare variance analysis against AOP, forecast and prior year with clear drivers and actions.
– Build cost bridges explaining movements in freight, warehousing, C&F and reverse logistics costs.
– Provide leadership with recommendations to improve cost-to-serve and logistics profitability.
9. Network & Cost to-Serve Analytics:
– Evaluate distribution network, warehouse footprint, routing structures and service-level economics.
– Support network optimisation and supply chain transformation initiatives with robust financial models.
– Analyse channel-wise, customer-wise and geography-wise cost-to-serve.
– Quantify financial benefits from network redesign, route optimisation and productivity initiatives.
10. Management Reporting & Decision Support:
– Publish monthly logistics finance reviews covering freight, warehousing, C&F and reverse logistics.
– Highlight emerging risks, cost overruns, savings opportunities and operational inefficiencies.
– Build dashboards and scorecards for supply chain leadership and finance reviews.
– Convert logistics cost analysis into specific actions with owners, timelines and financial impact.
EDUCATIONAL QUALIFICATIONS:
– Chartered Accountant / CMA / MBA Finance from a reputed institute. Strong commercial and cost analytics orientation is essential.
WORK EXPERIENCE:
– 4-7 years of experience in logistics finance, supply chain finance, operations finance, commercial finance or distribution cost management.
PREFERRED/ ADDITIONAL REQUIREMENT:
– Cost analytics
– Variance analysis
– Financial modelling
– Benchmarking
– Dashboarding
– Advanced Excel and Power BI.
– SAP FI/CO and MM modules. Exposure to transport management systems, warehouse management systems and BI tools will be an advantage.
INTERNAL / EXTERNAL INTERFACE:
– Internal: Supply Chain, Logistics, Procurement, C&F Operations, Distribution, Customer Care, Commercial Finance, Business Finance SCM.
To apply for this job please visit www.iimjobs.com.
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