About the job
Lead the finance function, plan & deliver the budget:
Participate in the plant(s) planning process and provide accurate financial information to plant management team to enable decision making and achievement of plant’s financial objectives.
For annual budgeting at given volume, prepare and consolidate budgets across variable and fixed heads, and as per inputs from various stakeholders.
Undertake detailed item by item analysis and assess impact of variance on overall budget and expenses, and for difference in volume projections evaluate impact on cost / budgets.
Collate and present analytical view to the business management.
Monitor budget utilization and check expenses by functions/ plants to ensure adherence to with laid down budget, else explore justifications for expense deviations.
Generate and share ideas on cost control measures and initiatives.
Cash flow Management & CAPEX Management
Prepare plan for funding of capex requirements.
Evaluate cash flow positions and plan capex funding accordingly.
Review of working capital, Inventory, Receivables, vendor advances, other current assets/ Liabilities and ensuing timely realization of money.
Prepare capex forecast at the beginning of the year incorporating the requirements of planned projects.
At month end, prepare cash flow statements for the plant based on actual current month cash flows; Also, prepare a forecasted cash flow statement for the next month.
Review individual capex projects and evaluate period of return, IRR, etc. for the planned capex.
Internal audits
Collaborate with Internal Audit team to identify risks and create risk management frameworks specific to the plant & ensure implementation across the plant
Identify and implement process improvement initiatives to establish strong internal controls and enhance efficiency/ effectiveness of financial processes
Coordinate with Internal Audit team to provide all necessary data, respond to queries to ensure audits are conducted timely and drive corrective action plan within plant.
Team development
Participate in recruitment process to identify the right talent across positions within the team ▪ Establish individual performance expectations and regularly review individual performance of the team
Identify and create development opportunities for team members to enhance functional knowledge; Update the team on regulatory and statutory changes.
Financial evaluation / business simulations / supporting calculations of main KPIs
Guide team to prepare consolidated forecast/ rolling plan for the business, and forecast of income statement and balance sheet; Lead detailed item by item analysis and assessment of impact of variance and volume projections on overall budget and expenses
a) Qualifications
Minimum Qualification required: CA / ICWA
Work Experience
Minimum 4-10 years of experience
Relevant experience of managing financial and accounting processes for a Engineering services comprising of complex multiple/multi-location manufacturing sites / plants
https://www.linkedin.com/jobs/view/3690266746
