Job Description

JOB IDENTIFICATION:

FUNCTIONAL OBJECTIVE OF THE POSITION:

Responsible for planning, forecasting, budgeting and analysis of factory processes that support organization’s financial health and business strategy.

JOB RESPONSIBILTIES:

Financial Planning and Forecasting

• Responsible for preparing monthly forecast for cost of goods sold labour & burden absorption (under/over absorption)
• Responsible for make vs. buy analysis of various products and models to project long term growth and determine the factors impacting business.
• Workout the product costing on the basis of BOM in coordination with R&D, SCM and ensure costing rollout in the oracle system.
• Performing the NPV (net present value), IRR (internal rate of return) & payback analysis to study the feasibility of capex.
• Preparation of timely reports to provide to the management for the business decisions.

MIS & Reporting

• Support in decision making activities by providing stakeholders with timely, detailed and meaningful insights and visibility on business performance.
• Responsible for analysis of forecast Vs. actual variance & write the comments highlighting the reasons.
• Analysing the various factory parameters like – labour efficiency, machine efficiency, inventory ratio
• Performing adhoc analysis, competitor analysis, market trends and associated commentary to the Leadership team
• Utilising BI tools to deliver meaningful insights into business performance.
• Provide detailed analysis and commentary on cost center results.
• Reviewing operations and recommending new productivity or cost saving initiatives.
• Reviewing existing processes and procedures to develop recommendations for improvement efforts.
• Evaluating previous budgets, expenditures to develop and implement future budgets.
• Communicating results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation and streamlining operations.