Website Luminous Power Technologies
Job Description:
Luminous Power Technologies (P) Ltd
Position: R&D and Purchasing Controller
Department: Finance
Reporting To: VP – Finance
Location: Gurugram, HR
Role Purpose:
The role requires the incumbent to own Purchasing & R&D Controlling. The person will act as a financial business partner to the Purchase Team and simultaneously be responsible for R&D Controlling, ensuring financial discipline, cost governance, compliance, accounting, and value optimization.
Key Responsibilities:
R&D Controlling & Accounting:
– Preparation of Annual Operating Plan (AOP) for Business Units
– Financial Outlook and forecast/Projections on a quarterly basis
– Sales, Opex, Margin working, Cash flow, understanding and analysis
– Month end closing process for financial reporting, preparation of monthly Financials and reports (i.e. P&L a/c, project profitability etc. with income & expenses analysis and ownership for Balance Sheet) in ERP set-up (SAP S4-HANA)
– MIS & Reporting for monthly, Quarterly and Annual periods
– R&D Accounting (Opex & Capex)
– Business Productivity analysis for continuous improvements
– Review and control of marketing expenses/service Expenses including warranty/replacement cost
Purchase Controlling:
– Budgeting and Cost Planning: Budgets, Cost assumptions & Savings projections
Cost Control and Price Benchmarking:
– Develop cost models for materials, Components, Contract Manufacturing
– Conduct price benchmarking, should-cost analysis, and market trend analysis
– Establish financial controls and governance over procurement processes
– Compliance with DOA, Budget approval, Opex controls
– Act as Finance Business Partner to Purchase team for Cost negotiations, evaluation of vendors, Strategic sourcing decisions & vendor negotiations for Vendor Financial Evaluation: Financials & credit Risk, credit limit, payments
– Contract and Commercial Risk Management: Review commercial terms in different types of contracts
– Procurement MIS and Analytics: Procurement Dashboard, spend and variance analysis & monthly procurement performance reports to leadership
– Compliance and Audit Support: Support Internal controls, Audits & ensuring purchase SOPs in place
– Cross-functional Coordination: Work closely with Production, R&D, Quality, Projects & Finance
– Digital literacy: Good command on SAP S4/HANA, MS-Office: MS Excel, MS PPT, Power BI. Knowledge of AI and its application will be an added advantage
– Compliance & Audit – SOP & COA management, Handling Internal Audit, Stat Audit, Physical stock verification with External Auditors on a periodic basis
Required Qualifications:
– Chartered Accountant (CA) / Cost Accountant (CMA) – Preferred
– MBA (Finance) with strong procurement finance exposure
Experience Requirements:
– 4 – 8+ years of experience in Manufacturing finance / Procurement finance / Supply chain finance.
To apply for this job please visit www.iimjobs.com.
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